Trends in the Worldwide Investment Fund Industry in Q1/2008
The European Funds and Asset Management Association (EFAM) is the representative association for the European investment management industry.
EFAMA's latest International Statistical Release with the worldwide investment fund industry results for the first quarter of 2008.
We would like to draw your attention to the main highlights in the Statistical Release:
1. Investment fund assets worldwide decreased by 11.7 percent in the first quarter of 2008, to reach EUR 15.7 trillion at the end of the quarter. The decline reflected weaknesses in equity and bond markets worldwide and the depreciation of the U.S. dollar.
2. Net cash flow to all funds worldwide totalled EUR 285 billion in the first quarter of 2008, down from EUR 302 billion in the fourth quarter of 2007. Long-term funds experienced net outflows of EUR 40 billion in the first quarter, compared with a net inflow of EUR 129 billion in the fourth quarter of 2007. Inflows to money market funds, which nearly doubled in the first quarter to reach EUR 326 billion, more than offset the net outflows from long-term funds.
3. At the end of March 2008, assets of equity funds represented 43 percent of all investment fund assets worldwide. The asset share of bond funds was 17 percent and money market funds 23 percent of the total. Balanced/mixed fund assets represented 10 percent of the worldwide total.
4. Taking into account non-UCITS, the market share of Europe in the world market reached 40 percent at the end of March 2008, and that of the United States 42.6 percent. Excluding non-UCITS, the share of Europe and the United States reached 34 percent and 46.9 percent, respectively.
1. Investment fund assets worldwide decreased by 11.7 percent in the first quarter of 2008, to reach EUR 15.7 trillion at the end of the quarter. The decline reflected weaknesses in equity and bond markets worldwide and the depreciation of the U.S. dollar.
2. Net cash flow to all funds worldwide totalled EUR 285 billion in the first quarter of 2008, down from EUR 302 billion in the fourth quarter of 2007. Long-term funds experienced net outflows of EUR 40 billion in the first quarter, compared with a net inflow of EUR 129 billion in the fourth quarter of 2007. Inflows to money market funds, which nearly doubled in the first quarter to reach EUR 326 billion, more than offset the net outflows from long-term funds.
3. At the end of March 2008, assets of equity funds represented 43 percent of all investment fund assets worldwide. The asset share of bond funds was 17 percent and money market funds 23 percent of the total. Balanced/mixed fund assets represented 10 percent of the worldwide total.
4. Taking into account non-UCITS, the market share of Europe in the world market reached 40 percent at the end of March 2008, and that of the United States 42.6 percent. Excluding non-UCITS, the share of Europe and the United States reached 34 percent and 46.9 percent, respectively.
