CACEIS NEWS 48 EN

8 caceis news - No. 48 - January 2017 Worldwide Source: EFAMA - December 2016

Europe

Country Focus - Italy

Source: EFAMA - December 2016

Source: EFAMA - December 2016

Focus Allemagne dans le prochain numéro

Worldwide Investment Fund Assets Q2 2016 (€ trillion)

Total European investment fund net assets increased by 2.1% in Q2 2016 to €13.29 trillion. Net assets of UCITS increased by 1.7% in Q2 2016 to €8.07 trillion, and total net assets of AIFs by 2.8% to €5.21trillion. €13.29tr +2.1% /Q1 2016 Net asset of the European Fund industry Q2 2016 (€ trillion)

Net assets in Italy (domiciliation) - Q2 2016 (€ billion) €274.8bn +0.85% /Q1 2016

+4% /Q1 2016

€38.11tr

Worldwide investment fund assets increased by 4% in the second quarter of 2016 to €38.11 trillion.

281.5

276.3

275.2

274.8

273.8

272.4

253.4

2014

2015

2016

Top Ten

Trends by investment type Q2 2016 (€ trillion)

Ireland € 1.9 tr

Luxembourg € 3.5 tr

At the end of the second quarter of 2016, equity fund net assets increased by 3.4% to €14.8 trillion and bond fund net assets by 6.9% to €8.3 trillion. Balanced/mixed fund assets increased by 4.3% to €6.9 trillion and money market fund assets by 1.2% globally to €4.5 trillion. 39% of worldwide regulated open-ended fund net assets were held in equity funds. The net asset share held by bond funds was 22% and the net asset share of balanced/mixed funds was 18%. Money market fund net assets represented 12% of the worldwide total.

Q4

Q1

Q2

Q3

Q4

Q1

Q2

2014

2016

2015

Germany 1.8 tr

France € 1.7 tr

The combined assets of the investment fund market in Italy, i.e. the market for UCITS and AIF, increased by 0.85% in Q2 2016, compared to 2.1% in Europe.

Total net assets by type of fund - Q2 2016

Netherlands € 769 bn

UK € 1.4 tr

€14.8tr €8.3tr €4.5tr €6.9tr

+3.4%

Equity

18.4% AIF

With €224.25 billion invested in UCITS, this segment accounted for more than 8% of total Italian investment fund assets at end Q2 2016, with the remaining 18.4% (equivalent to €50.58 billion) coming from AIF.

+6.9%

Bonds

€1,554bn

Sweden € 275 bn

Switzerland € 522 bn

Money Market

+1.2%

+4.3%

UCITS

Balanced

81.6%

0 2000 4000 6000 8000 10000 12000 14000 16000

€

Denmark € 260 bn

Italy € 274 bn

Net sales in the UCITSmarket in Q2 2016

€2bn

Italy experienced net inflow of € 2 billion in the second quarter of 2016.

Q2

Q3

Q4

Q1

Q2

2016

2015

Net sales of AIF Q2 2016 (€ billion)

Net sales of Investment Funds Q2 2016 (€ billion)

Net sales in the AIFmarket in Q2 2016

-82€ million

+34% /Q1 2016

€206bn

Net inflows in AIF were negative in Italy in the second quarter of 2016, as in the previous quarter.

+2.8% /Q1 2016

€55bn

Net sales of regulated open-ended funds worldwide amounted to €206 billion in the second quarter of 2016, compared to €154 billion in the first quarter of 2016.

Net sales of AIF totaled €55 billion in Q2 2016, compared to €43 billion in Q1 2016.

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