EFAMA publishes the 16th edition of its Fact Book
Brussels, 2nd July 2018: The European Fund and Asset Management Association (EFAMA) has just published the 16th Edition of its annual Fact Book. The publication date of the Fact Book has been brought forward from September to July in order to provide readers with more timely data and analysis. The Fact Book offers:
An in-depth analysis of the recent developments in the European investment fund industry over the last ten years.
Detailed country reports on the investment fund market in 29 European countries, including comprehensive statistics as well as an overview of the most recent regulatory developments in each country.
Historical time series data on net assets, net sales, and number of funds domiciled in Europe and elsewhere in the world.
An in-depth analysis of the recent developments in the European investment fund industry over the last ten years.
Detailed country reports on the investment fund market in 29 European countries, including comprehensive statistics as well as an overview of the most recent regulatory developments in each country.
Historical time series data on net assets, net sales, and number of funds domiciled in Europe and elsewhere in the world.
This years Fact Book highlights include, amongst other things, the following key facts and figures about the European investment fund industry in 2017:
European investment fund assets passed the EUR 15 trillion threshold at the end of 2017. Net assets of UCITS and AIFs rose by 10%. Since 2007, total investment fund assets have increased by 95%.
2017 was also a record year in terms of net sales of investment funds. Net sales of UCITS and AIFs reached their highest-ever level (EUR 973 billion). During the period 2008-2017, UCITS and AIFs attracted EUR 3,727 billion in new net inflows; this represented 54% of the total growth in net assets, with market appreciation accounting for the remainder.
The success of UCITS has been reflected in a steady rise in cross-border funds. By the end of 2017, the share of cross-border fund net assets accounted for 42% of total UCITS and AIFs net assets, compared to 36% ten years ago.
The European investment fund industry remains dominated by five countries. At the end of 2017, 78% of the net assets of UCITS and AIFs were domiciled in five countries, each of which accounted for over EUR 1 trillion in total net assets: Luxembourg, Ireland, Germany, France and the United Kingdom.
Euro-area households held 11.4% of their financial assets directly in investment funds at the end of 2017. This percentage compares with a share of 9.3% in 2008.
Worldwide investment fund net assets increased to EUR 44.3 trillion in 2017. Worldwide investment net assets grew by 7% in 2017, reaching a new all-time high. Net sales reached EUR 2,552 billion in 2017, up from EUR 1,175 billion the previous year.
Europe ranked as the second-largest domicile for investment funds at the end of 2017, with a market share of 35%, compared to a 46% market share for the United States.European investment funds gathered 38% of worldwide net sales in 2017, compared to 33% for U.S. mutual funds.
European investment fund assets passed the EUR 15 trillion threshold at the end of 2017. Net assets of UCITS and AIFs rose by 10%. Since 2007, total investment fund assets have increased by 95%.
2017 was also a record year in terms of net sales of investment funds. Net sales of UCITS and AIFs reached their highest-ever level (EUR 973 billion). During the period 2008-2017, UCITS and AIFs attracted EUR 3,727 billion in new net inflows; this represented 54% of the total growth in net assets, with market appreciation accounting for the remainder.
The success of UCITS has been reflected in a steady rise in cross-border funds. By the end of 2017, the share of cross-border fund net assets accounted for 42% of total UCITS and AIFs net assets, compared to 36% ten years ago.
The European investment fund industry remains dominated by five countries. At the end of 2017, 78% of the net assets of UCITS and AIFs were domiciled in five countries, each of which accounted for over EUR 1 trillion in total net assets: Luxembourg, Ireland, Germany, France and the United Kingdom.
Euro-area households held 11.4% of their financial assets directly in investment funds at the end of 2017. This percentage compares with a share of 9.3% in 2008.
Worldwide investment fund net assets increased to EUR 44.3 trillion in 2017. Worldwide investment net assets grew by 7% in 2017, reaching a new all-time high. Net sales reached EUR 2,552 billion in 2017, up from EUR 1,175 billion the previous year.
Europe ranked as the second-largest domicile for investment funds at the end of 2017, with a market share of 35%, compared to a 46% market share for the United States.European investment funds gathered 38% of worldwide net sales in 2017, compared to 33% for U.S. mutual funds.
Peter De Proft, Director General of EFAMA, comments:
In its first Fact Book published in 2003, EFAMA reported that assets held in investment funds rose from slightly less than EUR 1 trillion in 1992 to EUR 4.3 trillion in 2002. At the end of last year, this amount reached EUR 15.6 trillion.
This growth has been facilitated by many factors including the modernization of the UCITS Directive in several phases, the introduction of the AIF Directive, the sustained attention given to disclosure to investors, the efforts made by fund managers to improve the attractiveness of their products, and of course the economic policy response to the global economic and financial situation.
An important goal of EFAMAs Fact Book is to offer insights into these factors, and help readers reflect on what has been accomplished in recent years. By pursuing this objective constantly over the last 15 years, the Fact Book has established itself as a key reference tool for all those interested in monitoring developments in Europes fast-growing investment fund industry.
Ends
For media enquiries, please contact:
Peter De Proft, Director General
Bernard Delbecque, Senior Director for Economics and Research
Telephone: +32 (0) 2 513 39 69 - E-mail: info@efama.org
Notes to editors:
To order the Fact Book: go to EFAMA online webshop:
https://webshop.efama.org/Pages/Home.aspx.
About the European Fund and Asset Management Association (EFAMA):
EFAMA is the representative association for the European investment management industry. EFAMA represents through its 28 member associations and 62 corporate members around 15.6 trillion of net assets of European investement funds, managed by more than 60,000 investment funds at end 2017. Close to 32,000 of these funds were UCITS (Undertakings for Collective Investments in Transferable Securities) funds, with the remaining 28,000 funds composed of AIFs (Alternative Investment Funds).
To order the Fact Book: go to EFAMA online webshop:
https://webshop.efama.org/Pages/Home.aspx.
About the European Fund and Asset Management Association (EFAMA):
EFAMA is the representative association for the European investment management industry. EFAMA represents through its 28 member associations and 62 corporate members around 15.6 trillion of net assets of European investement funds, managed by more than 60,000 investment funds at end 2017. Close to 32,000 of these funds were UCITS (Undertakings for Collective Investments in Transferable Securities) funds, with the remaining 28,000 funds composed of AIFs (Alternative Investment Funds).
