The third quarter of 2009 (Q3 2009) saw an increase in investment fund assets worldwide of 6.2 per cent to €15.3trn, reports the European Fund and Asset Management Association (EFAMA).

The Association said net inflows into all funds in the third quarter (to end September 2009) were €73bn, and was the fourth consecutive quarter with positive net flows. The first nine months of 2009 saw total assets rise by 12.4 per cent, with inflows into investment funds worldwide at €203bn, compared to €236bn in 2008.

For long-term funds, net inflows of €271bn were recorded in the third quarter, up from €240bn in the second quarter. Equity, bond and balanced funds also saw positive results, with net inflows of €47bn, €153bn and €46bn respectively in Q3 2009. Net inflows for the first nine months of 2009 worldwide totalled €508bn, compared to 2008's cumulative outflow of €400bn.

Money market funds, however, continued to experience net outflows, of €198bn in the third quarter, and €305bn between January and September 2009. 2008's cumulative inflow was €637bn in comparison.

Assets of equity funds accounted for 38 per cent of all investment fund assets worldwide at the end of September 2009, and bonds held 19 per cent. Money market funds represented 25 per cent, and balanced fund assets ten per cent of the worldwide total.

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