Worldwide Investment Fund Assets and Flows Trends in the Second Quarter 2011

International Statistical Release This release and additional tables of international statistics are available on efama’s website (www.efama.org) Worldwide Investment Fund Assets and Flows Trends in the Second Quarter 2011 Brussels, 20 October 2011. Investment fund assets worldwide remained relatively steady in the second quarter to stand at €19.49 trillion at end June 2011. Net cash inflows to all funds remained positive in the second quarter amounting to €147 billion, compared to €102 billion in net inflows in the first quarter. Long-term funds enjoyed an increase in net cash inflows in the second quarter recording €206 billion in net inflows, up from €176 billion of net inflows recorded in the first quarter of the year. Equity funds registered reduced net inflows in the second quarter of €16 billion, compared to net inflows of €45 billion in the previous quarter. Net flows into bond funds enjoyed a jump during the quarter to €70 billion, compared to €42 billion in the first quarter. In contrast to long-term funds, money market funds continued to experience negative net cash flows for the ninth consecutive quarter. Money market funds recorded net outflows of €59 billion, slightly lower than the outflows of €74 billion witnessed in the first quarter of 2011. The information presented in this report was compiled by EFAMA and the Investment Company Institute on behalf of the International Investment Funds Association, an organization of national investment fund associations. The collection for the second quarter of 2011 contains statistics from 45 countries. Worldwide Investment Fund Assets (*) (Trillions of euros, end of quarter) 16.70 16.56 16.02 14.32 14.39 15.21 16.21 16.94 18.09 18.74 18.67 19.94 19.50 19.49 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2008 2009 2010 2011 (*) Including funds of funds. EFAMA International Statistical Release (2011:Q2) On a U.S. dollar-denominated basis and taking into account funds of funds, investment fund assets worldwide increased 1.7 percent in the second quarter of 2011, to US$28.17 trillion. On a U.S. dollar– denominated basis investment fund assets in the United States increased 1.0 percent in the second quarter, compared with a 0.8 percent decrease on a Euro-denominated basis. The following graphs show the net asset growth of the six largest countries/regions. (1) Including funds of funds assets. Geographical Trends by Type of Fund, 2011:Q2 (Billions of euros, end of quarter) USA Europe Equity 4,141 2,087 % chg in EUR (1) -2% -1% % chg in loc. cur. (2) 0% -1% Bond 1,905 1,404 % chg in EUR (1) 2% 2% % chg in loc. cur. (2) 4% 2% MoneyMarket 1,859 1,107 % chg in EUR (1) -3% -3% % chg in loc. cur. (2) -2% -3% Balanced/ Mixed 557 959 % chg in EUR (1) 0% 2% % chg in loc. cur. (2) 2% 2% Other (3) 747 365 % chg in EUR (1) 6% -1% % chg in loc. cur. (2) 8% -1% (1) 2011:Q2 compared to 2011:Q1. Brazil Australia 74 452 -14% 1% -16% -1% 418 58 7% -2% 4% -4% 33 199 7% 4% 4% 2% 178 --2% -- -1% --440 367 6% 2% 3% 0% Japan Canada 469 171 2% -5% 1% -4% 78 63 2% 1% 1% 2% 18 23 -1% -6% -2% -6% -- 211 -- 1% -- 2% 201 114 8% 2% 7% 3% (2) 2011:Q2 compared to 2011:Q1, using the euro as the local currency for Europe. (3) Including funds of funds. 2 EFAMA International Statistical Release (2011:Q2) On a Euro–denominated basis, equity fund assets decreased 1.7 percent to €7.7 trillion in the second quarter of 2011. Over the same period bond fund assets grew 2.3 percent to stand at €4.0 trillion, whilst balanced/mixed fund assets enjoyed a slight increase of 1.0 percent. Money market fund assets continued to decline in the second quarter, decreasing 2.5 percent over the quarter to stand at €3.4 trillion. Worldwide Assets of Equity, Bond, Money Market, and Balanced / Mixed Funds (Billions of euros, end of quarter) 7,800 7,672 3,946 4,038 3,498 3,413 2,025 2,045 2011:Q1 2011:Q2 2011:Q1 2011:Q2 2011:Q1 2011:Q2 2011:Q1 2011:Q2 Equity Bond Money Market Balanced / Mixed Net Sales of Investment Funds (Billions of euros) USA Europe(1) World (2) 2010 2011 2010 2011 2010 2011 Equity Bond MoneyMarket Balanced/ Mixed Other (3) Long-Term(4) Total Q1 Q2 Q3 23 -6 -24 78 64 82 -243 -135 -14 10 5 3 20 41 23 131 104 84 -112 -31 70 Q4 Q1 Q2 Q1 Q2 29 30 -7 20 -12 20 26 47 40 10 4 -57 -32 -30 -56 10 15 9 20 21 31 24 49 6 4 90 95 98 104 37 94 38 66 74 -19 Q3 Q4 Q1 Q2 4 39 5 8 37 1 7 10 5 -41 -9 -30 13 5 20 23 8 3 7 8 80 67 39 48 85 26 30 18 Q1 Q2 Q3 Q4 Q1 Q2 54 0 -16 68 45 16 122 83 128 23 42 70 -286 -190 -13 -33 -74 -59 37 35 28 28 33 40 41 62 50 61 56 80 272 195 208 198 176 206 -14 5 195 165 102 147 (1) For Austria, Bulgaria, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Italy, Liechtenstein, Luxembourg, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey and UK; 2010 data includes Ireland in money market, long-term and total net sales only. (2) 37 countries reported in 2010:Q1; 40 in 2010:Q2, 2010:Q3 and 41 in 2010:Q4, 2011:Q1, 2011:Q2. Assets of reporting countries represented 94 percent of all countries at the end of 2011:Q2. (3) Including net sales of funds of funds. (4) Total excluding Money Market Funds 3 EFAMA International Statistical Release (2011:Q2) Investment funds worldwide enjoyed increased net inflows in the second quarter of 2011 amounting to €147 billion, compared to net inflows of €102 billion in the previous quarter. Long-term funds registered net sales of €206 billion during the quarter, up from net inflows of €176 billion in the first quarter of the year. Equity funds worldwide experienced reduced net cash inflows in the second quarter amounting to €16 billion, down from net sales of €45 billion in the previous quarter. Equity funds in the United States recorded a sharp turnaround in net flows during the quarter to record net outflows of €7 billion, compared to net inflows of €30 billion in the previous quarter. However, equity funds in Europe enjoyed an increase in net sales during the quarter to record inflows of €8 billion, compared to net sales of €5 billion in the first quarter. Bond funds witnessed a steep increase in net inflows in the second quarter recording net inflows of €70 billion, compared to inflows of €42 billion in the first quarter. Both the United States and Europe enjoyed increased net sales of bond funds during the quarter registering net sales of €47 billion and €10 billion, respectively. Worldwide net flows into balanced/mixed funds continued to increase in the second quarter of 2011 to record inflows of €40 billion. Europe witnessed an increase in net inflows into balanced/mixed funds in the second quarter recording €23 billion, up from €20 billion in the previous quarter. However, net flows into balanced/mixed funds in the United States decreased to €9 billion during the quarter from €15 billion in the first quarter. Money market funds worldwide experienced reduced net outflows in the second quarter amounting to €59 billion, compared to €74 billion of net outflows in the previous quarter. The United States recorded net outflows from money market funds amounting to €32 billion during the quarter, down from net outflows of €57 billion in the previous quarter. On the other hand, European money market funds recorded increased net outflows in the second quarter amounting to €30 billion, compared to the net outflows of €9 billion registered in the first quarter of the year. 4 Composition of Worldwide Investment Fund Assets, 2011:Q2 (Percent of total assets, e EFAMA tInternational Statistical Release (2011:Q2) Balanced-Mixed 10% Other / Unclassified 12% Bond 21% Equity 39% Money Market 18% At the end of the second quarter of 2011, 39 percent of worldwide investment fund assets were held in equity funds. The asset share of bond funds was 21 percent and the asset share of balanced/mixed funds was 10 percent. Money market fund assets represented 18 percent of the worldwide total. The number of investment funds worldwide stood at 80,415 at the end of the second quarter. By type of fund, 35 percent were equity funds, 21 percent were balanced/mixed funds, 16 percent were bond funds, and 4 percent were money market funds. Composition of Worldwide Investment Funds,2011:Q2 (Percentoffunds,endofquarter) Balanced-Mixed 21% Other / Unclassified 25% Bond 16% Money Market 4% Equity 35% 5 ... - tailieumienphi.vn