Brussels, 15 December 2016 The European Fund and Asset Management Association (EFAMA), in cooperation with SWIFT, published a new report about the evolution of automation and standardisation rates of fund orders received by transfer agents (TAs) in the cross-border fund centres of Luxembourg and Ireland during the first half of 2016.

The European Fund and Asset Management Association (EFAMA) has today published its latest Quarterly Statistical Release describing the trends in the European investment fund industry in the third quarter of 2016.

The highlights of the developments in Q3 2016 include:

Net sales of UCITS reached EUR 129 billion, up from EUR 71 billion in Q2 2016.