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Long-term fund net sales jump to EUR301bn in second quarter

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Investment fund assets worldwide increased 5.2 per cent during the second quarter to stand at EUR25.65 trillion at the end of June 2014, according to a report from the European Fund and Asset Management Association (EFAMA).

In US dollar terms, worldwide investment fund assets totalled USD35.03 trillion at the end of June 2014.
 
Worldwide net cash inflows decreased in the second quarter from EUR292 billion to EUR252 billion.  This decrease can be attributed to a turnaround in net flows of money market funds during the quarter.
 
Long-term funds (all funds excluding money market funds) registered net inflows of EUR301 billion, up from EUR271 billion in the previous quarter.
 
Worldwide bond funds enjoyed increased net inflows of EUR112 billion, up from EUR69 billion in the first quarter.
 
In contrast equity funds experienced decreased net inflows of EUR48 billion, down from EUR92 billion in the previous quarter.
 
Balanced funds also registered a rise in net sales to EUR81 billion, compared to EUR71 billion in the first quarter.
 
Money market funds registered a turnaround in net flows to post net outflows of EUR49 billion, compared to net inflows of EUR 21 billion in the first quarter.  The global outflow from money market funds in the second quarter was driven by outflows of EUR52 billion in the US and EUR22 billion in Europe.
 
At the end of the second quarter, assets of equity funds represented 40 per cent and bond funds represented 22 percent of all investment fund assets worldwide. The asset share of money market funds was 13 per cent and the asset share of balanced/mixed funds was 12 per cent.  
 
The market share of the ten largest countries/regions in the world market were the US (49.6 per cent), Europe (29.1 per cent), Australia (5.1 per cent), Brazil (4.9 per cent), Canada (3.8 per cent), Japan (3.2 per cent), China (1.6 per cent), Rep. of Korea (0.9 per cent), South Africa (0.5 per cent) and India (0.4 per cent).

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