Bonds drive global funds under management increase

Investment fund assets worldwide stood at US$ 42.3 trillion (€37.4 trillion) at end of the second quarter, the latest industry data to be released this week shows.

The figure is an increase of 4% over the previous quarter, with assets up by the equivalent of €206 billion, according to European Fund and Asset Management Association (Efama).

On Monday fund data provider Lipper said total funds under management were $37.2 trillion.

Both sets of data pointed to bond funds mainly driving the rise in total fund assets. The Efama data showed bond funds received net inflows of €130 billion in Q2 – an increase from €72 billion in the Q1.

Meanwhile, equity funds saw net outflows of €17 billion over the period – a fall from net inflows of €50 billion in the first quarter.

Balanced/mixed funds registered net inflows of €58 billion, up from of €35 billion in the previous quarter.

Money market funds continued to register net outflows, losing €11 billion.

At the end of Q2, equity fund assets represented 39% of all fund assets worldwide, bond funds 22%, and mixed-asset funds 18%. Money market funds accounted for 12%.

©2016 funds europe

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