Worldwide investment fund assets reach all-time high in Q1

graph upInvestment fund assets grew by 13.7% to an all-time high of €37.8 trillion in the first quarter of 2015, according to a report from the European Fund and Asset Management Association (Efama). Efama found that worldwide net cash inflows also increased, from €495 billion in the fourth quarter of 2014 to €574 billion in the first quarter of 2015. This was due to increased net inflows to equity, bond and balanced/mixed funds. Long-term funds (all funds excluding money market funds) recorded net inflows of €585 billion during the first quarter, a 54% increase from the previous quarter. Bond funds posted the greatest increase in net inflows, gathering €173 billion compared to €87 billion in the previous quarter. Equity funds attracted net inflows of €157 billion, up from €138 billion in the fourth quarter, and balanced funds registered a large net inflow of €213 billion. In contrast, the quarter was less successful for money market funds, which registered net outflows of €12 billion, compared to net inflows of €116 billion in the fourth quarter of 2014.  This was largely down to net outflows of €70 billion in the United States, whereas Europe registered inflows during the quarter. At the end of the first quarter, assets of equity funds represented 40% of all investment fund assets worldwide, while bond funds represented 21%. Of the remaining assets, money market funds represented 11% and the asset share of balanced/mixed funds was 17%.  ©2015 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.