Net worldwide mutual funds inflows were roughly €750 billion euros ($896.1 billion) as of Dec. 31, up 68% from the previous year, according to a report by consulting firm Strategic Insight Global. Overall mutual fund assets under management climbed slightly more than 10%, to €17 trillion.
Europe took the lion's share of the gains, with Europe-domiciled mutual funds taking in €360 billion, or just less than half of total net inflows, Jag Alexeyev, a senior managing director of the firm, said in a telephone interview. European inflows for 2005 were up 60% over 2004, helping boost assets under management in Europe by 25%, to €6.6 trillion euros - the "largest asset gain ever for the industry," according to a news release. Mr. Alexeyev said strong returns for funds in Europe last year contributed to that momentum. In the news release, he noted that 1,600 new funds were launched in Europe in 2005, accounting for over a third of the region's overall net inflows for the year.
U.S. net inflows were €286 billion for the year, up by more than 80% over 2004. Net inflows to the Asia/Pacific region were €85 billion for 2005, up more than 40% over the previous year.