Investment fund assets worldwide increased 2.1% to €47 trillion during the third quarter of this year, according to figures from the European Fund and Asset Management Association.
Net inflows into funds worldwide during the third quarter amounted to €169 billion, down from €193 billion in the second quarter of this year.
Net inflows reached €50 billion in Europe during the third quarter, compared to €119 billion in the United States and €35 billion in Japan.
The data also showed that during the third quarter:
• Long-term funds (excluding money market funds) recorded net inflows of €215 billion, compared to €162 billion in the second quarter.
• Equity funds recorded net sales of €83 billion, up from €38 billion in Q2 2018. Japan recorded the largest net sales of equity funds (€36 billion), followed by Europe (€20 billion) and the United States (€17 billion).
• Bond funds posted net sales of €78 billion, up from €61 billion in Q2 2018. Net inflows into bond funds were the largest in the United States (€78 billion), compared to net outflows of €3 billion in Europe.
• Balanced/mixed funds registered net sales of €19 billion, down from €26 billion the previous quarter. Europe recorded the largest net sales of balanced/mixed funds (€21 billion), compared to net outflows of €8 billion in the US.
• Money market funds registered net outflows of €46 billion, compared to inflows of €31 billion in Q2 2018. These outflows were driven by outflows in China (€45 billion) and Europe (€14 billion), compared to net inflows in the United States (€35 billion).
• At the end of the third quarter of the year, assets of equity funds represented 42.7% and bond funds represented 19.9% of all investment fund assets worldwide. Of the remaining assets, money market funds represented 11.1% and the asset share of balanced/mixed funds was 17.2%.
• The market shares of the ten largest countries/regions in the world market were the US (47.1%), Europe (33.4%), Australia (3.9%), China (3.4%), Japan (3.4%), Brazil (3.2%), Canada (3.2%), Rep. of Korea (0.9%), India (0.5%) and South Africa (0.4%).
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