Q3 2009 - Quarterly Statistical Release (September)

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Highlights:

UCITS enjoyed positive net inflows again in the third quarter of 2009.  This happened for the third quarter in a row, confirming the turn-around in net sales of UCITS that started in the first quarter of 2009.  Equally importantly, net inflows rose to EUR 70 billion in the third quarter, up from EUR 30 billion in the second quarter.  

Long-term UCITS, i.e. UCITS excluding money market funds, benefited from net inflows of EUR 79 billion in the third quarter, compared to net inflows of EUR 55 billion in the second quarter and net outflows of EUR 30 billion in the first quarter.

In the period from January to September 2009, total net sales of UCITS reached EUR 122 billion.  Low short-term interest rates and stock valuations in conjunction with stronger-than-expected GDP growth and high concentration of financial assets held in bank deposits contributed to this development. 

Total net assets of UCITS increased by 7.7 percent in the third quarter to reach EUR 5,157 billion at end September 2009.  Equity funds experienced the highest asset increase (EUR 197 billion or 15 percent).  Balanced and bond funds saw their assets increase by 9 percent and 8 percent, respectively.  Since the end of 2008, total assets of UCITS rose by 13.5 percent, or EUR 615 billion.

The combined assets of the investment fund market in Europe, i.e. the market for UCITS and non-UCITS, increased by 7.2 percent in the third quarter to reach EUR 6,840 billion at end September 2009.  Since end 2008, the European investment fund industry saw its assets rise by 12.4 percent, or EUR 752 billion.