EFAMA publishes the 16th edition of its Fact Book
02 July 2018
The publication date of the Fact Book has been brought forward from September to July in order to provide readers with more timely data and analysis.
The Fact Book offers:
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An in-depth analysis of the recent developments in the European investment fund industry over the last ten years.
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Detailed country reports on the investment fund market in 29 European countries, including comprehensive statistics as well as an overview of the most recent regulatory developments in each country.
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Historical time series data on net assets, net sales, and number of funds domiciled in Europe and elsewhere in the world.
This year’s Fact Book highlights include, amongst other things, the following key facts and figures about the European investment fund industry in 2017:
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European investment fund assets passed the EUR 15 trillion threshold at the end of 2017. Net assets of UCITS and AIFs rose by 10%. Since 2007, total investment fund assets have increased by 95%.
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2017 was also a record year in terms of net sales of investment funds. Net sales of UCITS and AIFs reached their highest-ever level (EUR 973 billion). During the period 2008-2017, UCITS and AIFs attracted EUR 3,727 billion in new net inflows; this represented 54% of the total growth in net assets, with market appreciation accounting for the remainder.
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The success of UCITS has been reflected in a steady rise in cross-border funds. By the end of 2017, the share of cross-border fund net assets accounted for 42% of total UCITS and AIFs net assets, compared to 36% ten years ago.
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The European investment fund industry remains dominated by five countries. At the end of 2017, 78% of the net assets of UCITS and AIFs were domiciled in five countries, each of which accounted for over EUR 1 trillion in total net assets: Luxembourg, Ireland, Germany, France and the United Kingdom.
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Euro-area households held 11.4% of their financial assets directly in investment funds at the end of 2017. This percentage compares with a share of 9.3% in 2008.
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Worldwide investment fund net assets increased to EUR 44.3 trillion in 2017. Worldwide investment net assets grew by 7% in 2017, reaching a new all-time high. Net sales reached EUR 2,552 billion in 2017, up from EUR 1,175 billion the previous year.
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Europe ranked as the second-largest domicile for investment funds at the end of 2017, with a market share of 35%, compared to a 46% market share for the United States. European investment funds gathered 38% of worldwide net sales in 2017, compared to 33% for U.S. mutual funds.
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