Global investment fund assets rose 5.2% to €25.7 trillion ($35 trillion on June 30) for the second quarter, said the European Fund and Asset Management Association.
Net inflows totaled €252 billion as of June 30, down 13.7% from March 31, which EFAMA attributed to a “turnaround of net flows of money market funds during the quarter.” Money market funds reported outflows of €49 billion as of June 30 compared to net inflows of €21 billion in the first quarter.
Long-terms funds attracted €301 billion in net inflows in the second quarter, up 11% from the first quarter.
Equity funds represented 40% of total assets as of June 30, while bond funds accounted for 22%.
Equity funds attracted net inflows of €48 billion in the second quarter, down from €92 billion for the quarter ended March 31. Global bonds and balanced funds experienced net inflows of €112 billion and €81 billion, respectively, both up from last quarter’s levels of €69 billion and €71 billion, respectively.
The U.S. was the region with the largest market share of assets at 49.6% at the end of the quarter, followed by Europe at 29.1% and Australia at 5.1%.
