Today, EFAMA has published its International Quarterly Statistical Release for Q1 2024.

Bernard Delbecque, Senior Director for Economics and Research, commented on the Q1 2024 figures: “Worldwide bond funds saw record net inflows of EUR 340 billion in the first quarter of 2024, the highest level since 2004. This surge was driven by investors anticipating lower interest rates amid slowing inflation and central banks pausing consecutive rate hikes.”

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

• Net assets of worldwide investment funds increased by 2.9% in euro terms.
  • Net assets of worldwide investment funds reached EUR 69 trillion in Q1 2024. Measured in US dollar terms, the net assets rose by 0.7% to USD 75 trillion.
  • Measured in local currency, net assets in the two largest fund markets, the United States and Europe, increased by 6% and 4.5%, respectively.

• Net sales of global long-term funds saw a substantial increase in Q1 2024.

  • Worldwide long-term funds recorded net inflows of EUR 497 bn, compared to EUR 312 bn in Q4 2023.  All major regions worldwide experienced net inflows in long-term funds. The United States experienced the highest net inflows (EUR 222 bn), followed by Asia-Pacific (EUR 149 bn) and Europe (EUR 87 bn).
  • Worldwide equity funds recorded net inflows of EUR 193 bn, compared to EUR 173 bn in Q4 2023. The United States recorded net sales of EUR 84 bn, followed by China (EUR 44 bn) and Japan (EUR 38 bn). In Europe, equity funds saw net inflows of EUR 4 billion in Q1 2024, a turnaround from net outflows of EUR 6 billion in Q4 2023.
    
  • Bond funds recorded net inflows of EUR 340 bn, up from EUR 137 bn in the previous quarter. The United States and Europe recorded the highest net sales (EUR 170 bn and EUR 95 bn, respectively). 
  • Multi-asset funds continued to record net outflows (EUR 76 bn), compared to EUR 72 bn in Q4 2023. China accounted for the majority of these net outflows (EUR 31 bn), followed by the United States with EUR 29 bn.

   

• Net inflows into worldwide money market funds remained strong over the quarter.
  • Worldwide MMFs recorded net inflows of EUR 256 bn, down from EUR 333 bn in Q4 2023. 
    
  • China experienced the highest net inflows, marking a significant rebound with EUR 155 billion in Q1 2024 compared to net outflows of EUR 15 billion in Q4 2023.
    
  • MMFs in the United States continued to attract inflows, reporting EUR 53 billion, down from EUR 221 billion in Q4 2023.
  • Europe's MMFs saw net inflows of EUR 21 billion, a decrease from EUR 121 billion in Q4 2023.

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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 Membership Development

info@efama.org