European AuM more than double in decade, report finds

Assets under management (AuM) in Europe have more than doubled over the last ten years, according to the latest data from the region’s industry trade association.

Since the financial crisis in 2008, total AuM has reached around €23 trillion marking an increase of over 110%.

Investment funds represented €12.5 trillion – over half of the total AuM. Over the last eight years, the share of investment funds in total AuM has risen every year, the study by the European Fund and Asset Management Association (Efama) found.

This was mostly put down to the higher proportion of equities in the portfolio allocation of funds than in mandates, according to Efama.

The increase in the share of investment funds in the portfolio allocation of pension funds and insurance companies has also played a role in this evolution, the organisation said.

The UK led Europe in terms of market share in EU with 37%, followed by France (17%), and Germany (9%).

“These high market shares reflect the size of these countries’ economies, their experience in financial services as well as their pool of savings accumulated over the years,” Efama said.

©2019 funds europe

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