EFAMA publishes Worldwide Investment Fund Statistics at end September 2007
EFAMA's latest International Statistical Release:
Trends in the Worldwide Investment Fund Industry Results for the Third Quarter of 2007
Main highlights in the Statistical Release:
1. Investment fund assets worldwide increased by 1.1 percent to EUR 18.21 trillion, at the end of the third quarter of 2007. The third quarter was the first time China reported investment fund assets. Excluding Chinese investment funds from third quarter totals, total net assets would have declined by 0.5 percent in the quarter. On a U.S. dollar denominated basis, total net assets increased worldwide by 6.2% reflecting the depreciation of the U.S. dollar.
2. Net cash flow to investment funds worldwide was EUR 261 billion in the third quarter, falling below €300 billion for the first time since the third quarter of 2006. Inflows to long-term funds were nearly down 85 percent to
€56 billion in the third quarter of 2007, from €263 billion in the second quarter of 2007. Bond funds were responsible for a substantial part of the decline, whereas inflows to money market funds more than doubled in the third quarter. Equity fund and balanced funds inflows also slowed down to EUR 23 billion and EUR 17 billion, respectively, from EUR 77 billion and EUR
43 billion in the second quarter of 2007.
3. At the end of September 2007, assets of equity funds represented 49 percent of all worldwide investment fund assets. Money market funds held a share of 18 percent, whereas bond funds and balanced funds represented 16 percent and 10 percent of the total, respectively.
4. Taking into account non-UCITS, the market share of Europe in the world market reached 38.8 percent at the end of September 2007, and that of the United States 42.4 percent. Excluding non-UCITS, the share of Europe and the United States reached 33.2 percent and 46.3 percent, respectively.
Document released: 07 February 2008
Worldwide Investment Fund Assets and Flows (Trends in the Third Quarter 2007) (592.6 kB)
Author: EFAMA
