MMF total net assets worldwide increase by €4bn

Money market funds (MMF) total net assets worldwide increase by €4bn to €3,663bn in 2012, according to latest figures from the Dutch Central Bank (De Nederlandsche Bank).

According to latest statistics published by the regulator, net new deposits amounted to €2bn in 2012 and between 2009 and 2011, investors withdrew a total of €1,083bn from money market funds.

The country with the largest scope for money market funds was the United States (€2,041bn) followed by France (€364bn), Ireland (€288bn), Australia (€261bn) and Luxembourg (€260bn).

In the Netherlands, the balance sheet total of its 16 Dutch money market funds remained stable at €2bn compared to a year earlier. The balance sheet total of the Dutch investment fund industry amounted to €583.8bn at year-end 2012.

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