EFAMA publishes Annual Asset Management Report

10 July 2013

This report focuses on the value of assets professionally managed in Europe, with a distinction between investment funds and discretionary mandate assets, across both the retail and institutional landscape.

Peter De Proft, Director General of EFAMA, comments: “EFAMA’s Sixth Annual Review of Asset Management in Europe outlines the contribution of the industry to the financing of the European economy through its important role in managing savings on behalf of retail and institutional investors. This year, we have also included quotes from industry leaders outlining their take on where the industry stands today.”

This year’s review highlights include:

• Assets under Management (AuM) in Europe stood at €13.8 trillion at end 2011. We estimate that total AuM increased in 2012 to €15.4 trillion, or 108 per cent in relation to GDP.
• Europe ranks as the second largest market in the global asset management industry, managing 31 per cent of global AuM.
• Discretionary mandate assets represented €7.3 trillion or 53 per cent of AuM at end 2011, whereas investment funds accounted for the remaining €6.5 trillion.  Holdings of bond and equity assets remained asset managers’ preferred asset classes at end 2011, with 46 per cent and 29 per cent of total AuM, respectively.
• More than 3,200 asset management companies are registered in Europe employing about 90,000 people directly and over 500,000 indirectly at end 2011.
• Institutional investors, acting on behalf of millions of households, represent the largest client category of the European asset management industry, accounting for 75 per cent of total AuM in Europe.  Insurance companies and pension funds accounted for 42 per cent and 33 per cent of total AuM for institutional clients at end 2011, respectively.
• European asset managers held 21 per cent of the debt securities issued by euro area sectors at end 2011, and 31 per cent of euro area companies’ total equity. These figures highlight the role played by asset managers in the financing of Europe’s economy. 

Press release

EFAMA-Annual-Review

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