According to the latest quarterly international statistical release published by the European Fund and Asset Management Association, the worldwide asset management industry had the following highlights to report for Q2 2010:

• Investment fund assets worldwide increased 3 percent in the second quarter to reach EUR 17.5 trillion
  

• Enduring net withdrawals from money market funds continued to offset positive net sales of long-term funds. Consequently, net flows to all funds remained negative in the second quarter, although less so than during the first quarter (EUR 14 billion compared to EUR 40 billion).
  

• Net inflows to long-term funds (all funds excluding money market funds) reduced to EUR 180 billion in the second quarter, from EUR 254 billion in the previous quarter. A decline in net inflows into bond funds (from EUR 122 billion to EUR 83 billion) and equity funds (from EUR 54 billion to nil) explained this development.
  

• Net outflows from money market funds reduced from EUR 294 billion in the first quarter to EUR 194 billion in the second quarter. Over the past year, net outflows from money market funds have averaged EUR 206 billion per quarter.
  

• At the end of June 2010, assets of equity funds represented 38% of all investment fund assets worldwide, down from 40% in the first quarter. The asset share of bond funds was 22% and the asset share of balanced/mixed funds was 11%. Money market fund assets represented 21% of the worldwide total.
  

• Taking into account non-UCITS, the market share of Europe in the world market reached 36.3 percent at end June 2010, and that of the United States 44.4 percent. Excluding non-UCITS, the share of Europe and the United States reached 29.9 percent and 48.8 percent, respectively.