CACEIS NEWS 39 EN

8 caceis news - No. 39 - September 2014

Country Focus - Ireland

Worldwide

Europe

Source: EFAMA - June 2014

Source: EFAMA - April 2014

Germany focus in the next CACEIS news

Worldwide Investment Fund Assets Q4 2013 (€ trillion)

Net asset of the European Fund industry Q2 2014

Total Assets of Irish Domiciled Funds (€ billion) - Q1 2014

Irish Domiciled Funds Breakdown in Assets between UCITS and Non-UCITS (€ billion) - Q1 2014

1,421

+1.8% /Q3 2013

1,344

€10.6tr +4.6% /Q1 2014

€23.7tr

1,227

1,055

963

Non-UCITS €326bn

808

749

730

647

587

The combined assets of the investment fund market in Europe, i.e. the market for UCITS and non-UCITS, stood at €10.6 trillion at end June 2014, marking an increase of 4.6% since end March and representing growth of 8.4% since end December 2013.

Investment fund assets worldwide stood at a new all- time high of €23.7

UCITS €1.09tr

trillion at end 2013, reflecting growth of 1.8% during the fourth quarter and 7.3% since end 2012. 2012 2013

2005 2006 2007 2008 2009 2010 2011 2012 2013 Q1 2014

€1.34tr +9.5% /Q4 2012

Top Ten

Trends by investment type

Q4 2013 (€ trillion)

France €1.6tr

Luxembourg €2.9tr

On a Euro–denominated basis, equity fund assets worldwide increased 5% during the fourth quarter to €9.6 trillion, whilst net assets of balanced/mixed funds increased by 2.9% to stand at €2.7 trillion. Over the same period, net assets of bond funds fell 1.9% to stand at €5.2 trillion and net assets of money market funds reduced 0.7% during the quarter to stand at €3.5 trillion.

during the first quarter of 2014 when assets under management stood at €1.42 trillion. Ireland is a centre of excellence for UCITS products with 80% of Irish domiciled funds falling under the UCITS regime. It is the fastest growing major cross-border UCITS domicile globally and is the leading jurisdiction in Europe for two of the main types of UCITS - ETFs and Money Market Funds.

In a record year for the industry, Ireland saw a 9.5% rise in net assets of Irish domiciled funds during 2013 to reach €1.34 trillion. Specifically with respect to UCITS funds, Ireland's net assets under management broke through the trillion-euro barrier from €968 billion at the end of 2012, to €1.04 trillion in 2013, representing 15.2% of total European UCITS net assets. The increase was confirmed

Ireland €1.5tr

Germany €1.5tr

€9.6tr €5.2tr €3.5tr €2.7tr

Source: Central bank of Ireland as at 01/04/14

+5.0%

Equity

Total Funds under Administration in Ireland (€ billion) - Q1 2014

Irish Administered Alternative Investment Funds (€ billion) - Q1 2014

Switzerland €385bn

UK €1.2tr

-1.9%

Bonds

2,825

2,723

Money Market

-0.7%

2,199

1,878 1,881

1,653

+2.9%

Balanced

1,394

Sweden €232bn

1,208

Denmark €233bn

Ireland 40%

966

The rest of the world 60%

841

10

8

2005 2006 2007 2008 2009 2010 2011 2012 2013 Q1 2014

6

€2.7tr +24% /Q4 2012

4

Spain €213bn

Italy €228bn

2

0

2012 Q4

Q1

Q2

Q3

Q4

2013

area of alternative funds. Ireland is a jurisdiction that is synonymous with hedge funds, it is the largest hedge fund domicile in Europe with over 2000 funds with approximately $200 billion in assets. Over 40% of global hedge funds are serviced in Ireland accounting for over $1 trillion in assets.

Total funds under administration for the Irish Funds Industry jumped from just under €2.2 trillion at the end of 2012 to over €2.7 trillion by the end of 2013. This increase of almost 24% highlights the continued importance of Ireland as a jurisdiction for the administration of funds because of its deep expertise, especially in the

Net sales of Investment Funds Q4 2013 (€ billion) €229bn +26% /Q3 2013 In the fourth quarter of 2013 investment funds worldwide registered net inflows amounting to €229bn, up from €182bn in the third quarter. Overall in 2013 worldwide investment funds

Net sales of UCITS

Q2 2014 (€ billion)

- 17% /Q1 2014

€130bn

Source: Central Bank of Ireland as at 01/04/14 and IFIA

Irish domicile market share for cross-border fund distribution Q4 2013

19% Ireland market share:

UCITS net sales remained high at €130 billion during the second quarter of 2014, albeit down from €152 billion in the previous quarter.

Irish domiciled funds are distributed to a large number of countries across Europe, the Americas, Asia and the Pacific, the Middle East and Africa.

attracted net sales of €839bn, up from €828bn in 2012.

369

320

20 2012 2013 2014 8 78 132 12 34 51 130 152

Source: PwC as at 31/12/13

229

193

182

167

109

99

2012

2013

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