Global net fund sales drop in Q1 2016

Euro denominated global investment fund assets decreased by 2.5% throughout the first quarter of 2016, according to the latest data presented by the European Fund and Asset Management Association (Efama).

Meanwhile worldwide net inflows decreased to €154bn, down from €583bn in the fourth quarter of 2015. US and European markets were most affected by the decline in fund assets, while Brazil and Canada reported minor improvements of  fund assets held.

The drop was particularly pronounced in long-term and money market fund assets, which fell from €192 to -€38bn quarter on quarter.

While equities continued to hold the largest share in terms of overall assets, representing nearly 40%, compared to just over 20% for fixed income funds, equity funds now reported a significant decline of inflows.

Throughout the first quarter of 2016, equity attracted net inflows of €49bn, down from €170bn in the previous quarter. At the same time, bond funds posted net inflows of €71bn, up from net inflows of €35 bn in the previous quarter.

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