Press Release - 19 February 2018 - Euro area investment fund statistics: fourth quarter of 2017
Euro area investment fund statistics: fourth quarter of 2017
In the fourth quarter of 2017 the outstanding amount of shares/units issued by investment funds other than money market funds was €11,212 billion, which is €282 billion higher than in the third quarter of 2017.
Investment funds other than money market funds increased their holdings of both equity and debt securities issued by the rest of the world. Holdings of equity issued by euro area residents increased as well, albeit at a weaker pace. At the same time, holdings of debt securities issued by euro area residents remained largely unchanged.
Equity funds registered an inflow of €58 billion in the fourth quarter of 2017, and mixed funds experienced an inflow of €45 billion.
The outstanding amount of shares/units issued by money market funds was €1,144 billion, €10 billion lower than in the third quarter of 2017
In the fourth quarter of 2017 the outstanding amount of shares/units issued by investment funds other than money market funds was €282 billion higher than in the third quarter of 2017. This development was accounted for by €108 billion in price and other changes and €174 billion in net issuance of shares/units. The annual growth rate of shares/units issued by investment funds other than money market funds, calculated on the basis of transactions, was 8.5% in the fourth quarter of 2017.
Within the assets of investment funds other than money market funds, the annual growth rate of debt securities was 9.7% in the fourth quarter of 2017, with transactions amounting to €49 billion during this period. In the case of equity, the corresponding annual growth rate was 5.6%, with transactions of €58 billion in the fourth quarter of 2017. For holdings of investment fund shares/units, the annual growth rate was 10.5% and transactions in the fourth quarter of 2017 amounted to €30 billion.
In terms of the type of investment fund, the annual growth rate of shares/units issued by bond funds was 10.6% in the fourth quarter of 2017. In the same period transactions in shares/units issued by bond funds amounted to €40 billion. In the case of equity funds, the corresponding annual growth rate was 6.2%, with transactions of €58 billion in the fourth quarter of 2017. For mixed funds, the corresponding figures were 8.5% and €45 billion.
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