FEFSI: Trends in the European Investment Fund Industry

03 December 2003

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 in the third quarter of 2003.

Main highlights in the Statistical Release are:

Total investment fund assets increased by 2.7% during the third quarter of 2003 to EUR 4,609 billion. The increase was driven by the strong performance of equity funds. The overall result since the end of 2002 was a 8.7% increase in total fund assets.

Equity funds captured EUR 25 billion in net new money during the third quarter, the highest quarterly amount since the second quarter of 2001. Momentum in equity fund demand has thus continued to pick up in the past couple of months.

Strong investor activity in bond funds also continued to sustain UCITS asset growth, whereas inflows into money market funds turned negative for the first time since the end of 2000.

Fefsi paper
Power point presentation

© FEFSI