Asset Management
Global Fund Assets Attain Record High - Data
Data from around the world, including Asia, showed total assets held in funds hit a fresh record last year.
A global study of 46 countries - including a number of Asia jurisdictions - shows that investment fund assets climbed to a new peak of €23.79 trillion ($32.81 trillion) at end-2013, reflecting growth of 1.8 per cent during the fourth quarter and 7.3 per cent since end 2012.
With strong inflows into long-term funds, worldwide net cash inflows increased in the fourth quarter to €229 billion, up from €182 billion in the third quarter, according to the European Fund and Asset Management Association.
Long-term funds recorded net inflows of €193 billion during the fourth quarter, up from €100 billion in the previous quarter. Long-term funds registered increased net inflows on both sides of the Atlantic as Europe attracted €72 billion in net inflows and the US attracted €87 billion.
Equity funds attracted a strong increase in net inflows to €107 billion, up from €61 billion in the third quarter. Bond funds experienced a second quarter of net outflows totaling €11 billion, albeit lower than the net outflows of €37 billion in the previous quarter. Balanced funds registered a rise in net inflows to €52 billion, up from €47 billion in the third quarter.
Money market funds registered net inflows of €36 billion during the fourth quarter, compared to €81 billion in the third quarter of 2013.
Overall in 2013 worldwide investment funds attracted net sales of €839 billion, up from €828 billion in 2012. At the end of 2013, assets of equity funds represented 40 per cent and bond funds represented 22 of all investment fund assets worldwide. Of the remaining assets money market funds represented 15 percent and the asset share of balanced/mixed funds was 11 percent.
The market share of the ten largest countries/regions in the world market were the US (50.6 per cent), Europe (28.9 per cent), Australia (5.0 per cent), Brazil (4.7 per cent), Canada (3.6 per cent), Japan (3.2 per cent), China (1.5 per cent), Rep. of Korea (0.9 per cent), South Africa (0.5 per cent) and India (0.3 per cent).
