Today EFAMA published its latest quarterly international statistics, tracking and analysing trends in worldwide regulated open-ended fund assets and flows for Q1 2021.
The main developments through the quarter are as follows:
- Strong increase in the net assets of worldwide investment funds - Net assets of worldwide investment funds increased by 7.3%. The largest markets, the United States and Europe, each registered a net asset growth of 4.5%.
- Net inflows of long-term funds climbed higher - Worldwide long-term funds recorded net inflows of EUR 807 billion, up from EUR 584 billion in Q4 2020. The United States accounted for the highest net sales of the quarter (EUR 445 billion), followed by the Asia-Pacific region (EUR 304 billion) and Europe (EUR 198 billion).
- Equity Funds – Equity funds attracted the largest net sales (EUR 293 billion), due to their continued strong performance in Europe (EUR 133 billion) and a recovery in the United States (EUR 96 billion).
- Bond Funds - Net sales of bond funds remained strong (EUR 265 billion). These solid global net sales were mainly due to sustained high net inflows in the United States (EUR 199 billion).
- Multi-Asset Funds – Multi-Asset funds recorded robust net inflows (EUR 189 billion), up from EUR 122 billion in Q4 2020. China accounted for EUR 89 billion in net sales, followed by Europe (EUR 38 billion) and Canada (EUR 32 billion).
- Net sales of money market funds rose - Worldwide money market funds (MMFs) recorded net inflows of EUR 218 billion, compared to EUR 75 billion in Q4 2020.
- Net sales of MMFs turned negative in Europe (EUR 80 billion), compared to net inflows of EUR 44 billion in Q4 2020.
- In the United States, MMFs recorded positive net sales (EUR 136 billion), compared to net outflows of EUR 59 billion in Q4 2020.
- China recorded the highest net MMF sales of the quarter (EUR 144 billion).
Bernard Delbecque, Senior Director for Economics and Research – "Net sales of worldwide investment funds hit EUR 1 trillion for the first time in a particular quarter, boosted by strengthened investor confidence in the success of the Covid-19 vaccination campaign and the global economic recovery. Net inflows into long-term funds rose even higher than in Q4 2020, mainly thanks to strong net sales of equity funds in Europe and bond funds in the United States."
– Ends –
Please see the accompanying attachment for the EFAMA International quarterly statistics (Q1).
Notes to editors:
For further information, please contact:
Brandon Bhatti
Hume Brophy
Daniela Haiduc
Head of Communications
+32-2-473 562 936
cc: info@efama.org
About the report
The report for the first quarter of 2021 contains statistics from the following 47 countries: Argentina, Brazil, Canada, Chile, Costa Rica, Mexico, Trinidad & Tobago, United States, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Lichtenstein, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, United Kingdom, Australia, China, India, Japan, Rep. of Korea, New Zealand, Pakistan, Philippines, Taiwan, South Africa.
About the European Fund and Asset Management Association (EFAMA)
EFAMA, the voice of the European investment management industry, represents 28 member associations, 58 corporate members and 24 Associate Members. At the end of Q1 2021, total net assets of European investment funds reached EUR 19.6 trillion. These assets were managed by 34,615 UCITS (Undertakings for Collective Investments in Transferable Securities) and 29,608 AIFs (Alternative Investment Funds). At the end of 2020, asset managed by European asset managers as investment funds and discretionary mandates amounted to an estimated EUR 27 trillion. More information available at www.efama.org.
