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Laxman Pai, Opalesque Asia: Worldwide investment fund assets fell 5.7% to EUR43.99tn in the last quarter of 2018 as volatility in financial markets rose.
According to the European Fund and Asset Management Association's (EFAMA) latest quarterly statistical report, global fund assets, in US dollar terms, declined 6.8% to $50.4tn.
The net inflows into worldwide investment funds amounted to EUR 120bn, down from EUR169bn in Q3 2018.
Net inflows reached EUR 114bn in the United States, EUR39bn in Japan and EUR25bn in Canada, whereas both Europe and China recorded net outflows of EUR40bn.
Long-term funds (all funds excluding money market funds) recorded net inflows of EUR48bn, down from EUR215bn in Q3 2018.
Equity funds recorded net sales of EUR 99 bn, up from EUR 83 bn in Q3 2018. Japan recorded the largest net sales (EUR46bn), followed by the United States (EUR24bn) and China (EUR14bn).
Bond funds recorded net outflows of EUR57bn, compared to net inflows of EUR78bn in Q3 2018. The United States and Europe recorded net outflows of EUR49bn and EUR43bn, respectively, whereas China recorded net inflows of EUR46bn.
Balanced/mixed funds registered net outflows of EUR7bn, compared to net inflows of EUR19bn in Q3 2018. Net outflows were recorded in both the United States and Europe (EUR13bn and EUR6bn, respectively), whereas Canada benefited from net inflows of EUR13bn.
Money market funds registered net inflows of EUR71bn, compared to net outf...................... To view our full article Click here
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