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EFAMA publishes the 11th edition of its annual Asset Management ReportBrussels, 17th September 2019: The European Fund and Asset Management Association (EFAMA) has published today the 11th edition of its Asset Management Report. The report aims to highlight the fundamental role of asset managers in the financial system and wider economy, channelling savings of European citizens towards investments and putting these savings to work productively for the economy. The report provides detailed data on the assets under management in Europe, the location of the asset management activity, the clients of the industry, the evolution of the asset allocation, and the contribution of the industry in terms of employment. Highlights of the report include:
Tanguy van de Werve, Director General of EFAMA, comments: “This latest edition of EFAMA’s Asset Management Report highlights the important role played by the European asset management industry in managing investments on behalf of European citizens and institutional investors. The observed continuing increase in the share of investment fund assets in the total assets managed in Europe confirms the success of UCITS as a global brand and the quality of the regulatory framework for the management of alternative investment funds (AIFs). The overall ecosystem created to support the operations of UCITS and AIFs on a cross-border basis, including the well-functioning model of delegation and the flexibility offered to outsource back-office functions, has allowed to benefit from the best expertise available and played an essential part in the global acceptance of UCITS and AIFs. Ensuring the continued success of these investment vehicles should be a strategic goal for the new European Commission, and an integral part of the plan to create a well-functioning Capital Markets Union.”
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For media enquiries, please contact:Tanguy van de Werve, Director General Bernard Delbecque, Senior Director for Economics and ResearchTelephone: +32 (0) 2 513 39 69E-mail: email@example.com
Notes to editors:About the EFAMA Asset Management Report: Twenty EFAMA national member associations provided data on the value of the assets managed in their countries at end 2017: Austria, Belgium, Bulgaria, Croatia, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Italy, the Netherlands, Poland, Portugal, Romania, Slovenia, Switzerland, Spain, Turkey and the UK. According to our estimation, these countries account for 87% of the assets under management (AuM) in Europe. Additional internal and external data have been used to estimate the AuM in the other European countries.The focus of the report is to analyze figures on the asset management industry from the perspective of where the assets are managed. This approach is different from the point of view taken in the other publications of EFAMA, which report investment funds data on the basis of their country of domiciliation.