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:
Total investment fund assets increased by 3.1% during the fourth quarter of 2003. The overall result for 2003 was an increase of 12.0% (or EUR 511 billion) in total fund assets. This increase was driven by investments into bond, money market and property funds during the first half of 2003, and by the resumption of demand for equity-based funds in the second half of the year, following the powerful rebound in world stock markets
Inflows into equity funds accelerated to reach EUR 37 billion in net new money, the highest quarterly amount in three years. The investors’ demand for equity funds, coupled with rising stock prices, boosted equity fund assets to EUR 1,163 billion at the end of 2003, up 9.4% for the quarter.
Looking at the year as a whole, the UCITS market grew by 12.7% in 2003, reversing an asset decline of 7.3% in 2002. With total inflows totalling EUR 168 billion, equity and bond
funds doubled the amount of investment compared to 2002.
Press release
Statistics
© FEFSI
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