EFAMA has published its latest International Quarterly Statistical Release for Q3 2024.

Bernard Delbecque, Senior Director for Economics and Research at EFAMA, commented on the Q3 2024 figures: “Net sales of equity funds strengthened in Q3 2024, driven by investor confidence in the global economy, particularly in Asia. At the same time, uncertainty surrounding the US election spurred increased demand for money market funds, especially in the United States and Europe.”

We show the following main developments in the worldwide investment fund industry for Q3 2024:

• Net assets of worldwide investment funds increased by 2% in euro terms.
  • These assets reached EUR 72 trillion at the end of September 2024. Measured in US dollar terms, the net assets rose by 6.7% to USD 80.6 trillion, including funds of funds.  Measured in local currencies, net assets in the two largest fund markets, the United States and Europe increased by 6% and 2.8%, respectively.
    

• Net sales of global long-term funds decreased in Q3 2024 but remained positive.
  • Net sales of worldwide long-term funds recorded net inflows of EUR 458 billion, down from EUR 505 billion in Q2 2024.  The United States recorded the highest net inflows (EUR 188 billion), followed by the Asia-Pacific region (EUR 137 billion) and Europe (EUR 85 billion).
  • Worldwide equity funds recorded net inflows of EUR 230 billion, up from EUR 116 billion in Q2 2024. China led with the highest net sales (EUR 84 billion), followed by the United States (EUR 62 billion) and Ireland (EUR 42 billion).
  • Worldwide bond funds recorded net inflows of EUR 224 billion, a decline from EUR 395 billion in Q2 2024. The United States and Europe recorded net sales of EUR 163 billion and EUR 50 billion, respectively. On the other hand, China recorded net outflows (EUR 38 billion), a sharp reversal from the strong net inflows of EUR 151 billion seen in Q2 2024.
  • Multi-asset funds continued to experience net outflows, totalling EUR 63 billion. The United States accounted for the majority of these net outflows (EUR 41 billion), followed by China (EUR 16 billion). Europe was the only region to record small net inflows in this category (EUR 6 billion). 
    
• Net inflows into worldwide money market funds surged in Q3 2024.
  • Worldwide money market funds (MMFs) recorded net inflows of EUR 367 billion, up from EUR 247 billion in Q2 2024.
  • The United States led the inflows with EUR 297 billion, a significant rise from EUR 97 billion in Q2 2024.
  • European MMFs saw net inflows of EUR 96 billion, up from EUR 32 billion in Q2 2024.
  • In contrast, the Asia-Pacific region saw a shift to net outflows (EUR 29 billion), led by China (EUR 20 billion). 

• Worldwide ETFs sustained their positive growth.
  • Worldwide ETFs registered net inflows of EUR 461 billion, compared to EUR 292 billion in Q2 2024.
  • The strongest net inflows were recorded in the United States (EUR 272 billion), followed by China (EUR 83 billion) and Ireland (EUR 52 billion).
     

- 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

Hayley.McEwen@efama.org