Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

10329

Worldwide net cash flows into investment funds record further increase in Q1 2012

RELATED TOPICS​

Investment fund assets worldwide increased by 4.4 per cent during the first quarter to stand at EUR20.85trn at end March 2012, according to the European Fund and Asset Management Association.



In US dollar terms, worldwide investment fund assets increased 7.8 per cent to USD27.85trn. The depreciation of the US dollar vis-à-vis the euro during the quarter explains this.
 
Worldwide net cash flows into investment funds recorded a sharp increase in the first quarter totalling EUR193bn, up from EUR83bn in the previous quarter. This turnaround came on the back of a surge in net inflows to bond funds.
 
Long-term funds (all funds excluding money market funds) experienced a jump in net inflows during the quarter to EUR248bn, marking a significant increase compared to net inflows of EUR11bn in the previous quarter.
 
Bond funds recorded their largest quarterly net inflow during the first quarter amounting to EUR169bn, up from EUR49bn in the first quarter.
 
Equity funds recorded a third quarter of net outflows, albeit at a slower pace, registering outflows of EUR6bn, compared to EUR52bn in the previous quarter.
 
Balanced/mixed funds registered net inflows of EUR44bn, against net outflows of EUR1bn in the previous quarter.
 
Net inflows to long-term funds amounted to EUR69bn in Europe and EUR128bn in the US during the quarter.
 
Money market funds experienced a turnaround in net flows during the first quarter to register net outflows of EUR55bn, compared to net inflows of EUR72bn in the previous quarter. The US registered net withdrawals of EUR83bn from money market funds, whereas Europe experienced net inflows totalling EUR22bn.
 
At the end of the first quarter of 2012, assets of equity funds represented 38 per cent and bond funds represented 22 per cent of all investment fund assets worldwide. The asset share of money market funds was 17 per cent and the asset share of balanced/mixed funds was 11 per cent. 
 
The market share of the ten largest domiciles in the world market (excluding non-Ucits) were the US (48.9 per cent), Luxembourg (8.9 per cent), Brazil (5.9 per cent), Australia (5.5 per cent), France (5.4 per cent), Ireland (4.2 per cent), Japan (3.7 per cent), Canada (3.6 per cent), United Kingdom (3.3 per cent) and China (1.2 per cent).
 

Latest News

New research from Carne Group reveals fund managers expect alternative asset classes to see the..
Brown Brothers Harriman & Co has expanded its relationship with AllianceBernstein (AB), by adding to..
The trading and investment platform eToro has extended its proxy voting feature to all stocks..

Related Articles

The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also,..
Lady justice
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI) strategies received glowing commendations from the Bank of England in its March report...
Top marks for the Pensions Regulator (TPR) whose efforts to improve resilience in the UK pension funds’ liability-driven investment (LDI)..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by