EFAMA: Long-term funds attract highest ever net inflows of during Q1 2013

02 July 2013

EFAMA has released its latest international statistical release containing worldwide investment fund industry results for the first quarter of 2013.

The main highlights for Q1 2013 include: 

• Long-term funds, all funds excluding money market funds, registered record net inflows of €402 billion during the first quarter, up from €263 billion in the previous quarter. This is the highest level of net inflows ever recorded into long-term funds.

• Worldwide equity funds registered their highest level of net inflows since 2006, attracting €109 billion, up from €14 billion in the previous quarter.

• Bond funds continued to enjoy net inflows amounting to €143 billion, albeit down from €163 billion in the previous quarter.

• Balanced funds more than doubled net sales during the quarter to €74 billion, compared to €33 billion in the fourth quarter.

• Money market funds registered net outflows of €82 billion during the first quarter, compared to net inflows of €106 billion in the fourth quarter of 2012.  Large net outflows in the United States of €76 billion accounted for much of the worldwide outflows. Net flows in European money market funds remained relatively flat during the quarter.

• At the end of the first quarter, assets of equity funds represented 38 per cent and bond funds represented 24 per cent of all investment fund assets worldwide. The asset share of money market funds was 15 per cent and the asset share of balanced/mixed funds was 11 per cent. 

Full release

 

© EFAMA - European Fund and Asset Management Association