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 third quarter of 2020 with key data and indicators for each EFAMA member countries.
This Quarterly Statistical Release also provides information on the owners of investment funds in Europe and their net purchases of funds during the second quarter of 2020.
The report is complemented by a data annex which provides fund data by country of domiciliation.
Bernard Delbecque, Senior Director for Economics and Research at EFAMA commented: Net sales of long-term funds remained robust in Q3 2020, reflecting investor confidence during the summer that the worst of the Covid-19 crisis was already behind.
Highlights of developments in Q3 2020:
- Net assets of UCITS and AIFs grew by 2.8 percent to EUR 17.58 trillion.
- UCITS and AIFs attracted EUR 195 billion in net inflows, compared to EUR 284 billion in Q2 2020 and net outflows of EUR 125 billion in Q1 2020.
- Net inflows remained robust across all categories of long-term funds.
- Net sales of money market funds declined to EUR 41 billion, from EUR 136 billion in Q2 2020.
- Net acquisitions of investment funds by European investors amounted to EUR 148 billion in Q2 2020, compared to net withdrawals of EUR 88 billion in Q1 2020.
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Notes to editors:
About the European Fund and Asset Management Association (EFAMA):
EFAMA, the voice of the European investment management industry, represents 28 Member Associations, 60 Corporate Members and 24 Associate Members. At end Q2 2020, total net assets of European investment funds reached EUR 17.1 trillion. These assets were managed by almost 34,200 UCITS (Undertakings for Collective Investments in Transferable Securities) and more than 29,100 AIFs (Alternative Investment Funds). At the end of Q2 2020, assets managed by European asset managers as investment funds and discretionary mandates amounted to an estimated EUR 24.9 trillion. More information is available at www.efama.org.