CACEIS NEWS 43 EN
8 caceis news - No. 43 - September 2015 Worldwide Source: EFAMA - August 2015
Country Focus - Germany
Europe
Source: EFAMA - June 2015
Ireland focus in the next CACEIS news
Net assets under management (AuM) in Germany Q2 2015
Worldwide Investment Fund Assets Q1 2015 (€ trillion)
The combined assets of the investment fund market in Europe, i.e. the market for UCITS and AIFs increased 12.6% during the first quarter to stand at €12.66tr at end March 2015. €12.66tr +12.6% /Q4 2014 Net asset of the European Fund industry Q1 2015 (€ trillion)
€2.6tr +8% /Q4 2014 From the beginning of the year to the end of June 2015, assets under management grew by almost 8% to around €2.6tr. The assets managed by fund companies in Spezialfonds total €1.3tr, while assets under
+13.7% /Q4 2014
€37.8tr
management in retail funds stand at €877bn and those held outside investment funds amount to €377bn.
Regulated open- end fund assets worldwide stood at a new all-time high of €37.8tr at end March 2015, reflecting growth of 13.7% during the first quarter.
2,600
377
2,295
2013
2014 2015
Assets outside investment funds Spezialfonds Retail funds
334
2,037 2,105
318
1,832 1,783
Top Ten
325
1,699
1,707
307
1,300
286
1,522
1,507
276
326
1,358
169
1,187
289
Ireland € 1.9 tr
Luxembourg € 3.5 tr
158
1,071
Trends by investment type Q1 2015 (€ trillion) Equity fund assets increased 16.3% to €15.8tr at the end of the first quarter of 2015. Bond fund assets increased 11.1% to €7.9tr. Balanced/mixed fund assets rose 14.7% to €6.7tr, while money market fund assets increased 10.6 % globally to €4.1tr.
982
815
692
729
846
670
615
642
877
774
731
652
716
710
730
683
585
651
576
Germany € 1.7 tr
France € 1.7 tr
*Including foreign funds 2004 2005 2006 2007 2008 2009 2010 2011 2012 31/8/14 31/6/15
€15.8tr €7.9tr €4.1tr €6.7tr
+16.3%
Source: BVI
Equity
Net Sales of Investment Funds Q2 2015
Bonds
Switzerland € 491 bn
UK € 1.4 tr
+11.1%
The German fund industry recorded net inflows of new money to the tune of €109bn during the first half of the year (full year 2014: €116bn),
with Spezialfonds and retail funds contributing just under €70bn and approximately €43bn, respectively.
Money Market
+10.6%
Sales receipts Repurchases of investment fund shares
Net sales receipts
+14.7%
Balanced
40 35 30 25 20 15 10
40 35 30 25 20 15 10
Italy € 273 bn
Sweden € 288 bn
14 16
10 12
0 2 4 6 8
€
Denmark € 250 bn
Spain € 251bn
5 0
5 0
Q1
Q2
Q3
Q4
Q1
2014
2015
2013
2014
2015
Net sales of Investment Funds Q1 2015 (€ billion) €574bn +16% /Q4 2014 Worldwide net cash inflows increased in the first quarter to €574bn, up from €495bn in the fourth quarter of 2014, thanks to increased net inflows to equity, bond and balanced/mixed funds.
Net sales of UCITS
Q1 2015 (€ billion)
Insurers continue to favour Spezialfonds
+580% /Q4 2014
€285bn
AuM end of June 2015
Net sales January to June
(total €1,314bn)
(total €70bn)
60 85 164
Other (e.g. social security institutions*, public supplementary pension agencies**)
4.1
UCITS net sales surged in the first quarter of 2015 to €285bn, up from €49bn in the fourth quarter of 2014.
Non-pro t organisations (e.g. churches, associations)
3.5
225
285
574
5.0
Credit institutions
495
260
14.7
Manufactoring companies, industrial foundations, etc. Retirement bene t schemes (e.g. pension schemes, pension funds, de ned bene t schemes)
346
330 361
148
126 130
12.0
519
49
30.6
Insurance companies
2014 2015
2014 2015
*e.g. statutory health insurance funds, Deutsche Rentenversicherung Bund, liability insurance associations **German state and federal state pension bodies, charities and municipal entities
Source: BVI
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