EFAMA publishes the 17th Edition of its Fact Book, a comprehensive record of European investment trends

03 July 2019

This year’s edition includes an in-depth analysis of recent developments in the European investment fund industry, including new data on the sales of domestic and cross-border funds and the share of domestic funds held abroad, across 29 European countries.

EFAMA’s Director General Tanguy van de Werve comments: “The goal of the Fact Book remains the same since the first edition, i.e. to provide all stakeholders in our industry – fund management companies, asset servicers, investors, the official sector, think tanks and academics – with relevant information on the state of the European investment industry.  Two specific highlights emerge from this year’s analysis: the sustained level of net sales of UCITS and AIFs, even under challenging market conditions, and the depth of the Single Market as illustrated by the growth of cross-border funds sold within and outside  Europe. 

I am convinced that the outlook for our  industry is favorable. Provided the right framework and incentives are in place, the European investment fund industry can play an important role in supporting sustainable economic growth, holding investee companies to account, providing long-term financing and helping citizens meet their future liabilities.”

The main highlights on key developments in 2018 and over the past decade are the following:

• Net sales of UCITS and AIFs remained positive in 2018 despite stock volatility and investor nervousness.
• Net assets of European investment funds declined by 3% in 2018, primarily a result of the steep fall in world stock markets at the end of the year.
• Passports allow home-domiciled European funds to also be sold to investors abroad at both the European and international levels.

Press release

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