EFAMA Releases Investment Fund Statistics

By ExpatBriefing.com Editorial 08 October, 2013

The European Fund and Asset Management Association (EFAMA), has published its latest international statistical release containing worldwide investment fund industry results for the second quarter of 2013.

Investment fund assets worldwide decreased 3.5 percent during the second quarter to stand at EUR22.94 trillion at end June 2013. In US dollar terms, worldwide investment fund assets decreased 1.5 percent to USD30 trillion at end June 2013.

Worldwide net cash inflows amounted to EUR109bn, compared to EUR320bn in the previous quarter. A sharp reduction in net inflows to equity and bond funds explains this result.

Long-term funds (all funds excluding money market funds) continued to register net inflows amounting to EUR193bn during the second quarter, albeit down from the record net inflows of EUR402bn registered in the previous quarter.

Worldwide equity funds attracted EUR28bn in net new money during the quarter, down from EUR109bn in the previous quarter. Bond funds registered net inflows amounting to EUR31bn, down from EUR143bn in the previous quarter. Balanced funds recorded reduced net inflows of EUR57bn, down from EUR74bn in the first quarter.

Net outflows from money market funds remained relatively steady at EUR84bn during the quarter, compared to EUR82bn in the previous quarter. Europe, which registered net outflows of EUR53bn during the quarter, accounted for much of these outflows. Net outflows from money market funds in the United States amounted to EUR9bn.

At the end of the second quarter, assets of equity funds represented 38 percent and bond funds represented 23 percent of all investment fund assets worldwide. The asset share of money market funds was 15 percent and the asset share of balanced/mixed funds was 11 percent.

The market shares of the ten largest countries/regions in the world market were the United States (50.2 percent), Europe (28.3 percent), Brazil (5.3 percent), Australia (5.2 percent), Canada (3.7 percent), Japan (3.4 percent), China (1.3 percent), South Korea (0.9 percent), South Africa (0.5 percent) and India (0.4 percent). Taking into account non-UCITS assets, the market share of Europe reached 35.9 percent at end June 2013.

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