For immediate release - Brussels, 21 May 2018
IIFA ANNOUNCES NEW REPORT OF HISTORICAL DATA ON WORLDWIDE OPEN-END FUNDS
Assets and Flows Updated Quarterly in Euros, US Dollars, and Local Currencies
The International Investment Funds Association (IIFA) is launching a publicly available statistical report – “World Historical Assets and Flows for Regulated Open-End Funds” – that will be updated quarterly. This report features a new data series that begins with first quarter 2008 and goes through fourth quarter 2017. In addition to the data compiled in the new release, the IIFA will continue to publish its quarterly update on worldwide regulated open-end fund assets and flows.
This is the first time any fund data provider has published for public use such a lengthy historical time series of data on regulated open-end funds. The new historical report contains data through fourth quarter 2017 on total net assets, total net sales, and number of funds from 48 jurisdictions, broken out by jurisdiction and published in euros, US dollars, and local currencies. IIFA believes this easily accessible historical information will be valuable for the work of industry researchers, analysts, and regulators.
IIFA Completing Time Series for Its Expanded Collection
For more than two decades, IIFA has been compiling worldwide open-end fund statistics released by EFAMA and other IIFA member associations. In 2015, the IIFA expanded the scope and quality of the data that constitute the statistics in its existing release to cover all “substantively regulated” open-end investment funds. To qualify as a substantively regulated fund, a fund must be constrained by some diversification limits, concentration limits, or leverage limits, with a view to offering a high level of investor protection. As a result of the expansion, IIFA added data on exchange-traded funds (ETFs), institutional funds, guaranteed/protected funds, and open-end real estate funds.
In 2015, revised historical data for the expanded regulated open-end fund collection was available beginning only with the first quarter of 2014. The new historical report presents a time series starting in 2008, reflecting the culmination of IIFA’s work since 2015 toward eliminating the breaks in the time series, and largely completing a longer, historical time series for the expanded collection. The data now available provide a more consistent data series from 2008 through 2015. The new report notes any remaining breaks.
for World Wide Historical Public Report US Q1 2008 – Q4 2017
for World Wide Historical Public Report Euro Q1 2008 – Q4 2017
for World Wide Historical Public Report Local Q1 2008 – Q4 2017
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For media enquiries, please contact:
Peter De Proft, Director General
Bernard Delbecque, Senior Director, Economics and Research
Telephone: +32 (0) 2 513 39 69
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Notes to editors:
The report contains statistics from the following 48 countries: Argentina, Brazil, Canada, Chile, Costa Rica, Mexico, Trinidad & Tobago, United States, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Lichtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Russia, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, United Kingdom, Australia, China, India, Japan, Rep. of Korea, New Zealand, Pakistan, Philippines, Taiwan, South Africa. EFAMA is responsible for collecting the data from its member associations.
About the European Fund and Asset Management Association (EFAMA):
EFAMA is the representative association for the European investment management industry. EFAMA represents through its 28 member associations and 62 corporate members. At end 2017, total net assets of European investment funds reached EUR 15.6 trillion, with close to 32,000 of these funds were UCITS (Undertakings for Collective Investments in Transferable Securities) and close to 28,300 funds composed of AIFs (Alternative Investment Funds). For more information about EFAMA, please visit www.efama.org
About the International Investment Funds Association (IIFA):
IIFA is an organization composed of investment fund associations from 40 jurisdictions around the world. Recognizing the importance of the role of investment funds and their responsibilities to investors, the IIFA is dedicated to advancing the interests of fund investors, facilitating the continued growth of funds internationally, promoting public understanding of funds and encouraging adherence to sound practices and high ethical standards by all participants in the investment funds industry.