The European Federation of Investment Funds and Companies (FEFSI) released its latest Quarterly Statistical Release which reports on the trends in the European investment fund industry.
Main highlights in the Statistical Release are: Net sales of UCITS slowed down in the third quarter of 2004 to EUR 14 billion, from EUR 24 billion in the second quarter.
Since the beginning of the year, UCITS recorded net sales of EUR 138 billion, compared to EUR 192 billion for the same period in 2003.
Total net assets of UCITS remained nearly flat in the third quarter, gaining just EUR 14 billion or 0.3%. On the whole, the slowdown in net inflows against the background of falling stock price indices explains this outcome.
The combined assets of the investment fund market in Europe, i.e. the market for UCITS and non-UCITS, increased by 0.5% in the third quarter to total EUR 5,184 at end September. Compared to the situation at end 2003, total net assets increased by 7.6%, or EUR 368 billion.
Quarterly statistical release
Powerpoint presentation
© FEFSI
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