28 Apr 2011
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 Q4 2010:
1. Investment fund assets worldwide stood at EUR 18.48 trillion at the end December 2010, an increase of 6.5 percent on the EUR 17.4 trillion recorded at the end of September 2010.
2. Total inflows into investment funds remained strong in the fourth quarter amounting to EUR 165 billion, compared to EUR 195 billion in the previous quarter. A decrease in net inflows into bond funds from EUR 128 billion to EUR 23 billion and an increase in net outflows from money market funds explained much of this development.
3. Net inflows to long-term funds (all funds excluding money market funds) remained relatively stable at EUR 198 billion, compared to net inflows of EUR 208 billion in the previous quarter. Significantly reduced net inflows into bond funds were largely offset by a steep increase in inflows into equity funds during the quarter in both the United States and Europe. Equity funds recorded net inflows of EUR 68 billion during the quarter, considerably higher than the outflows of EUR 16 billion witnessed in the previous quarter.
4. Net outflows from money market funds increased slightly to EUR 33 billion in the fourth quarter from EUR 13 billion in the third quarter. Money market funds in Europe saw an increase in net withdrawals during the quarter; however, the United States recorded inflows into money market funds for the first time since 2008.
5. At the end of 2010, assets of equity funds represented 40% and bond funds represented 20% of all investment fund assets worldwide. The asset share of money market funds was 18% and the asset share of balanced/mixed funds was 10%.
6. Taking into account non-UCITS, the market share of Europe in the world market reached 36.1% at end December 2010, and that of the United States 42.9%. Excluding non-UCITS, the share of Europe and the United States reached 29.6% and 47.2%, respectively.
1. Investment fund assets worldwide stood at EUR 18.48 trillion at the end December 2010, an increase of 6.5 percent on the EUR 17.4 trillion recorded at the end of September 2010.
2. Total inflows into investment funds remained strong in the fourth quarter amounting to EUR 165 billion, compared to EUR 195 billion in the previous quarter. A decrease in net inflows into bond funds from EUR 128 billion to EUR 23 billion and an increase in net outflows from money market funds explained much of this development.
3. Net inflows to long-term funds (all funds excluding money market funds) remained relatively stable at EUR 198 billion, compared to net inflows of EUR 208 billion in the previous quarter. Significantly reduced net inflows into bond funds were largely offset by a steep increase in inflows into equity funds during the quarter in both the United States and Europe. Equity funds recorded net inflows of EUR 68 billion during the quarter, considerably higher than the outflows of EUR 16 billion witnessed in the previous quarter.
4. Net outflows from money market funds increased slightly to EUR 33 billion in the fourth quarter from EUR 13 billion in the third quarter. Money market funds in Europe saw an increase in net withdrawals during the quarter; however, the United States recorded inflows into money market funds for the first time since 2008.
5. At the end of 2010, assets of equity funds represented 40% and bond funds represented 20% of all investment fund assets worldwide. The asset share of money market funds was 18% and the asset share of balanced/mixed funds was 10%.
6. Taking into account non-UCITS, the market share of Europe in the world market reached 36.1% at end December 2010, and that of the United States 42.9%. Excluding non-UCITS, the share of Europe and the United States reached 29.6% and 47.2%, respectively.
