EFAMA releases Q2 2009 investment fund assets
results
29 October 2009
The second quarter of 2009 (Q2 2009) has
brought with it good news for investment fund assets worldwide with records
showing a 5.4 per cent increase to €14.39trn.
Net cash flow to all funds was €84bn in the second quarter, compared
to €46bn in the first, and net inflows to long-term funds were €240bn
in Q2, following a cumulative outflow of €425bn over the previous
three quarters.
A report by the European Fund and Asset Management Association (EFAMA)
contains these figures and was compiled with the Investment Company Institute
on behalf of the International Investment Funds Association.
Flows into equity funds were €68bn, and into balanced/mixed funds
€26bn. Money market funds, however, experienced net outflows of €156bn
in Q2 2009, following cumulative net inflows of €405bn over the previous
three quarters.
At the end of Q2 2009, 36 per cent of worldwide investment fund assets
were held in equity funds, and the asset share of bond funds was 19 per
cent. The asset share of balanced/mixed funds was ten per cent, and money
market fund assets accounted for 28 per cent of the worldwide total.
In terms of the number of mutual funds worldwide, this stood at 66,472
at the end of Q2, with 39 per cent equity funds, 22 per cent balanced/mixed
funds, 18 per cent bond funds, and five per cent money market funds. Europe
represented 31.5 per cent of investment fund assets in terms of worldwide
distribution, but when taking non-UCITS assets into account, this increased
to 38 per cent.
