Strong inflows into equity and multi-asset funds in Belgium in the first quarter of this year brought assets under management to a record €189.9 billion, surpassing the pre-financial crisis AUM level of €178.33 billion for the first time and up 7.1% on the previous quarter.
Figures on the net assets of Belgian funds and foreign funds distributed in Belgium released by the Belgian national funds association Beama also show that assets of fixed income funds increased 3.1% over the first quarter of 2017 to reach €40.1 billion.
During the same three-month time period, assets in variable income funds, such as equity and “balanced” funds, increased 8.3% to €149.7 billion.
“Mixed funds” enjoyed record inflows of €6.8 billion during the first quarter of 2017.
By the end of March, institutional non-public funds reached €15.9 billion.
©2017 funds europe
