Strong sales of worldwide investment funds in Q2 2017

Global investment funds sales riseSales of worldwide investment funds continued their strong performance in the second quarter of the year, though equity and bond subscriptions fell at the international level.

According to the European Fund and Asset Management Association’s (Efama) International Statistical Release, investment fund assets worldwide rose by 4.6% in US dollar terms, to stand at $48.3 trillion (€41 trillion) at end of Q2 2017.

But the appreciation of the euro meant that, when measured in euro terms, investment fund assets worldwide decreased 2% in the second quarter of 2017.

Internationally, equity funds recorded net sales of €113 billion, down from €164 billion in the previous quarter. Bond funds posted net sales of €200 billion, down from €254 billion in the first quarter of 2017, while balanced/mixed funds registered net sales of  €82 billion, up from €102 billion in the previous quarter.

Yet the situation was different in Europe. Long-term funds attracted net sales of €259 billion, up from €202 billion in the first quarter of 2017.

Equity fund net sales doubled to €40 billion. Bond fund net sales were €102 billion, compared to €79 billion in the previous quarter and balanced/mixed funds amounted to €65 billion, up from €52 billion in Q1.

The market share of the three largest countries/regions in the world were: US (46.4%), Europe (34.2%), Australia (3.8%).

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