While several reports have been published on European asset management, they only provide partial coverage, focusing either on a subset of large asset managers or on domiciliation of investment funds. This EFAMA Asset Management Report represents an effort to provide a comprehensive overview of where assets are managed in Europe, focusing both on the management of investment funds and discretionary mandates. The report is based on responses to a questionnaire sent to EFAMA member associations covering data by end 2006. It is envisaged that EFAMA will update its report on European asset management on an annual basis.

The purpose of the following sections 2.2 ‐ 2.3 is to provide an overview of the European asset management industry. Thereafter, Section 3 discusses European asset management in terms of product solutions. In Section 4, the report continues by providing an overview of the industry’s clients, while Section 5 focuses on the asset allocation of European asset managers.