The European Fund and Asset Management Association (EFAMA) has published its latest International Statistical Release showing strong growth of investment fund assets worldwide in Q1, driven by the recovery in the financial markets.
Worldwide Investment fund assets worldwide increased by 9.2% to €48trn at the end of the quarter, while worldwide bond funds recorded net inflows of €236bn in Q1 2019, compared to net outflows of €59bn in Q4 2018.
These strong global sales were mostly driven by inflows in the United States (€123bn), Europe (€80bn) and emerging markets (€21bn, of which €20bn in China).
Global Equity funds meanwhile, recorded net outflows of €22bn in Q1 2019, compared to net inflows of €99bn in Q4 2018.
Europe registered net outflows (€37bn), which were not fully offset by limited inflows in the other advanced economies (€10bn), the United States (€3bn) and emerging markets (€3bn).
Bernard Delbecque, senior director for Economics and Research commented: "The shift towards a more accommodative monetary policy in early 2019 in response to the slowdown in global economic outlook has led to a shift in investor demand from equity funds to bond funds."