Global fund assets reach record €37.8trn

Investment fund assets worldwide stood at a new all-time high of €37.8trn at end March 2015, reflecting growth of 13.7% during the first quarter of 2015, according to European Fund and Asset Management Association (Efama).

Driven by net inflows to equity, bond and multi-asset funds, global net cash inflows increased in the first quarter to €574bn, up from € 495bn in the fourth quarter of 2014.

Long-term funds, excluding money market funds, recorded net inflows of €585bn during the first quarter, a 54% increase from the previous quarter €379bn.

Money market funds on the other hand registered net outflows of €12bn during the first quarter of 2015, compared to net inflows of EUR 116 billion in the fourth quarter of 2014.  Outflows were largely driven by €70bn net outflows in the United States, whereas Europe registered net inflows of €43bn.

Neverhteless, the US continues to dominate the fund market, holding a market share of 49.2%, compared to Europe (32.5%), Australia (3.9%), Japan (3.8%), Brazil (3.2%), Canada (3.1%), China (2.0%), Rep. of Korea (0.9%), South Africa (0.4%) and India (0.4%).

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