Total net assets of Ucits and regulated alternative investment funds last year grew by nearly 17% to reach €17.7 trillion, with Germans being the largest owner.
The countries with the highest level of fund ownership were Germany (23%), the UK (14%), France (14%), the Netherlands (10%) and Italy (9%).
The latest figures from the European Fund and Asset Management Association (Efama) show that in the final quarter of the year there were €190 billion of sales in total – of which €148 billion were for Ucits funds.
Other findings include:
- European investors held €12.6 trillion worth of investments at end September 2019.
- Insurers and pension funds are the largest holders of investment funds with a combined share of 42% at end September. They are followed by other financial intermediaries and households.
Bernard Delbecque, senior director for economics and research, said: “Our latest Quarterly Release confirms the very high market share of Ucits domiciled in Luxembourg and Ireland and held elsewhere in Europe and the world (57% at end 2019), as well as the central importance of Germany, the UK, France, the Netherlands and Italy, which together held 70% of investment fund assets at end September 2019.”
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