For immediate release
Brussels, 9th June 2020 – The European Fund and Asset Management Association (EFAMA) has today published its Quarterly Statistical Release describing the trends in the European investment fund industry in the first quarter of 2020 with key data and indicators for each EFAMA member countries.
Bernard Delbecque, Senior Director for Economics and Research at EFAMA commented:
“Total net assets of UCITS and AIFs declined by 11.6% in the first quarter of 2020. The sharp fall in global financial markets following the Covid-19 outbreak explained 94% of the decline, the reminder 6% being explained by net outflows. In view of the rebound in stock markets in recent weeks, it is likely that UCITS and AIFs will recover a significant part of their losses by the end of the second quarter. “
Highlights of developments in the European investment fund industry of the first quarter of 2020: