EFAMA publishes its latest International Quarterly Statistical Release for Q2 2024.

Hailin Yang, Data Analyst at EFAMA, commented on the Q2 2024 figures: “Net sales of global bond funds reached a new record of EUR 399 billion in Q2 2024, driven by investor anticipation of interest rate cuts by global central banks. China, in particular, recorded an all-time high in net sales.”

We show the following main developments in the worldwide investment fund industry for Q2 2024:

• Net assets of worldwide investment funds increased by 2.3% in euro terms.

  • These assets reached EUR 70.6 trillion at the end of June 2024. Measured in US dollar terms, the net assets rose by 1.3% to USD 75.6 trillion. Measured in local currencies, net assets in the two largest fund markets, the United States and Europe, increased by 1.5% and 2.2%, respectively.

     

• Net sales of global long-term funds further strengthened in Q2 2024 thanks to strong demand for bond funds.

  • Net sales of worldwide long-term funds recorded net inflows of EUR 518 bn, compared to EUR 501 bn in Q1 2024.  The Asia-Pacific region recorded the highest net inflows (EUR 242 bn), compared to EUR 133 bn and EUR 98 bn in Europe and the United States, respectively.

  • Worldwide equity funds recorded net inflows of EUR 122 bn, down from EUR 194 bn in Q1 2024. Ireland led with the highest net sales (EUR 38 billion), followed by Japan (EUR 26 billion) and the United States (EUR 25 billion).

  • Worldwide bond funds reached a record high with net inflows of EUR 399 billion, up from EUR 342 billion in Q1 2024. The Asia-Pacific region reported net inflows of EUR 159 billion in Q2 2024, with China setting a record at EUR 151 billion. The United States and Europe recorded net sales of EUR 113 bn and EUR 82 bn, respectively.

  • Multi-asset funds continued to experience net outflows, totalling EUR 55 billion, marking the ninth consecutive quarter of negative net sales. The United States accounted for the majority of these net outflows (EUR 41 bn), followed by the Americas and Asia-Pacific, with net outflows of EUR 18 billion and EUR 5 billion, respectively. Europe was the only region to record net inflows (EUR 9 billion).

     

• Net inflows into worldwide money market funds recorded a slight decrease but remained robust overall. 

  • Worldwide money market funds (MMFs) recorded net inflows of EUR 244 bn, down from EUR 255 bn in Q1 2024.

  • Net sales of MMFs in the Asia-Pacific region amounted to EUR 98 billion in Q2 2024, compared to EUR 169 billion in Q1.

  • MMFs in the United States reported net inflows of EUR 97 bn, up from EUR 53 bn in Q1 2024.

  • European MMFs saw net inflows of EUR 29 billion in Q2 2024, slightly up from EUR 21 billion in Q1 2024.

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About the EFAMA Quarterly International Statistical Releases:

The EFAMA Worldwide Investment Fund Assets and Flows quarterly release focuses on net assets and net sales of worldwide investment funds, whilst also presenting a commentary on the trends in the industry during the quarter. The report contains data on the largest domiciles of investment funds around the globe and the position of Europe in the worldwide context. The report contains statistics from the following 45 countries: Argentina, Brazil, Canada, Chile, Costa Rica, Mexico, United States, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Liechtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, United Kingdom, Australia, China, India, Japan, Republic of Korea, Pakistan, Philippines, Chinese Taipei (Taiwan), and South Africa.

For further information, please contact: 

Hayley McEwen

Head of communications and member development