Investment fund assets worldwide increased by 4 per cent in the second quarter of 2016, according to the European Fund and Asset Management Association.

In U.S. dollar terms, worldwide investment fund assets increased by 1.4 per cent to stand at $2.3trn at end Q2 2016.

Worldwide net cash inflows increased to €206bn, up from €154bn in the first quarter of 2016. Long-term funds (all funds excluding money market funds) recorded net inflows of €217bn, compared to €192bn in the first quarter of 2016.

In addition, equity funds recorded net outflows of €17bn, against net inflows of €50bn in the previous quarter. Bond funds posted net inflows of €130bn, up from net inflows of €72bn in the first quarter of 2016. Balanced/mixed funds registered net inflows of €58bn, up from net inflows of €35bn in the previous quarter.

Money market funds continued to register net outflows in Q2 2016 (€11bn), compared to net outflows of €38bn in Q1 2016. At the end of the second quarter of the year, assets of equity funds represented 39 per cent and bond funds represented 22 per cent of all investment fund assets worldwide. Of the remaining assets, money market funds represented 12 per cent and the asset share of balanced/mixed funds was 18 per cent.

Furthermore, the market share of the ten largest countries/regions in the world market were the United States (47.1 per cent), Europe (33.8 per cent), Australia (3.8 per cent), Brazil (3.6 per cent), Japan (3.5 per cent), Canada (3.1 per cent), China (2.7 per cent), Rep. of Korea (0.9 per cent), South Africa (0.4 per cent) and India (0.4 per cent).

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