For immediate release
Brussels, 19th December 2019 - The European Fund and Asset Management Association (EFAMA), has published its latest International Statistical Release describing the trends in the worldwide investment fund industry in the third quarter (“Q3") of 2019.
The major developments emerging during Q3 are as follows:
Global bond fund sales increased by €35 billion from the second quarter (“Q2") of 2019. Worldwide bond funds recorded net inflows of EUR 245 billion, compared to net inflows of EUR 210 billion in Q2. The highest net sales were recorded in the following countries of domiciliation: The United States EUR 121 billion); Ireland (EUR 40 billion), Luxembourg (EUR 34 billion), China (EUR 23 billion) and Canada (EUR 8 billion). The interest rate cuts implemented by the Federal Reserve and the ECB in Q3, made bond funds particularly attractive for investors.