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Global investment fund assets reach high
02 April 2014
Long term funds add €888bn in 2013
Long term funds
Worldwide long-term funds had net inflows of €888bn
($1.2trn) last year, according to Q4 2013 results from the
European Fund and Asset Management Association (Efama).
Investment fund assets stood at a new all-time high of
€23.79trn, reflecting growth of 1.8% during the fourth
quarter and 7.3% since the end of 2012. In US dollar terms,
worldwide investment fund assets totalled $32.81trn.
Worldwide net cash inflows increased to €229bn, up from
€182bn in the third quarter. This increase was
attributable to strong net inflows into long term funds (all
funds excluding money market funds), which increased by
€193bn. Long term funds registered increased net inflows
on both sides of the Atlantic.
Equity funds attracted a strong increase in net inflows to
€107bn, up from €61bn in the third quarter. Bond
funds experienced a second quarter of net outflows totalling
€11bn (albeit lower than the net outflows of €37bn in
the previous quarter), while balanced funds registered a rise
in net inflows to €52bn.
Money market funds registered net inflows of €36bn
compared to €81bn in Q3 2013, which was largely
attributable to positive net sales in the US. Europe registered
net outflows during the quarter.
Worldwide investment funds attracted net sales of €839bn
last year, up from €828bn in 2012. Assets of equity funds
represented 40% (2012 - 37%) and bond funds 22% (2012 - 24%) of
all investment fund assets worldwide. Of the remaining assets,
money market funds represented 15% and the asset share of
balanced/mixed funds was 11%.