Today, EFAMA has published its latest International Quarterly Statistical Release for Q4 2024.

Thomas Tilley, Senior Economist at EFAMA, commented on the Q4 2024 figures: “Global equity fund sales reached a record high in Q4 2024, primarily driven by strong net inflows into US funds, fuelled by a wave of investor optimism.”

We show the following main developments in the worldwide investment fund industry for Q4 2024:

• Net assets of worldwide investment funds increased by 6% in euro terms.

  • The fourth quarter of 2024 saw an increase of 6% in net assets of worldwide investment funds to EUR 76.3 trillion. Measured in US dollar terms, net assets decreased by 1.7% due to the strong appreciation of the US dollar vis-à-vis the euro.

  • Measured in local currency, net assets in the two largest fund markets, the United States and Europe, increased by 0.8% and 3.2%, respectively.

     

• Net sales of long-term funds surged in the fourth quarter of 2024 due to record net inflows into equity funds.

  • Worldwide long-term funds attracted net inflows of EUR 702 billion, compared to EUR 457 billion in Q3. The United States led with net sales of EUR 391 billion, followed by Europe with EUR 170 billion, primarily driven by Ireland, which registered net inflows of EUR 94 billion. Canada also saw strong net sales of EUR 77 billion.

  • Equity funds registered record net inflows of EUR 354 billion, rising from EUR 230 billion in Q3. The United States recorded the highest net sales at EUR 203 billion. Europe saw net inflows of EUR 63 billion, with Ireland contributing EUR 62 billion.

  • Bond funds continued to attract net inflows, totalling EUR 297 billion, up from EUR 224 billion in Q3. The United States recorded the largest inflows at EUR 175 billion, followed by Europe with EUR 91 billion, thanks to strong inflows from Ireland (EUR 27 billion), Luxembourg (EUR 22 billion), and France (EUR 21 billion). China also saw significant sales of EUR 24 billion.

  • Multi-asset funds continued to experience net outflows, totalling EUR 5 billion in Q4, though outflows were significantly lower than the EUR 63 billion recorded in Q3. China and Brazil accounted for the bulk of these negative net sales, with outflows of EUR 26 billion and EUR 25 billion, respectively. Europe recorded modest net inflows (EUR 8 billion).

     

• Net sales of money market funds (MMFs) increased robustly.

  • Worldwide MMFs registered strong net inflows of EUR 545 billion, up from EUR 367 billion in Q3.

  • Net flows in Q4 were largely driven by the United States, which saw very strong net sales of EUR 404 billion, up from EUR 297 billion in Q3.

  • In Europe, net inflows reached EUR 70 billion, primarily driven by Ireland and Luxembourg (EUR 37 billion).

  • China also recorded strong net inflows of EUR 74 billion, compared to net outflows of EUR 20 billion in Q3.

     

Highlights of developments in 2024:

• Worldwide regulated open-end fund assets grew from EUR 67 trillion at the end of 2023 to EUR 76.3 trillion at the end of 2024, marking a 13.8% increase.

   

• Worldwide investment funds recorded net inflows of EUR 3,578 billion in 2024, up from EUR 2,095 billion in 2023.

  • Long-term funds experienced a significant increase in net inflows, reaching EUR 2,164 billion — more than three times the EUR 714 billion recorded in 2023. Bond funds remained the top-selling category, attracting net inflows of EUR 1,257 billion, more than doubling compared to 2023 (EUR 582 billion). Equity funds recorded strong net inflows of EUR 894 billion in 2024, four times higher than in 2023 (EUR 209). Multi-asset funds continued to face net outflows in 2024 (EUR 200 billion), although outflows subsided compared to 2023 (EUR 256 billion).

  • MMFs registered net inflows of EUR 1,414 billion in 2024, up from EUR 1,382 billion recorded in 2023.

     

     

  

   

  - ENDS -

   

  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