CACEIS NEWS 52 EN

8 caceis news - No. 52 - January 2018 Worldwide Source: EFAMA - December 2017 Worldwide Investment Fund Assets Q3 2017 (€ trillion)

Country Focus - United Kingdom

Europe

Source: EFAMA - December 2017

Assets under management All funds including Funds of Funds (£ billion) - September 2017

Total net assets of the European investment increased to €15,263 billion at end Q3 2017, representing net asset growth of 2.2% since Q2 2017 and 7.8% since end 2016. With €9,416 billion invested in UCITS, this segment accounted for 61.7% of total European investment fund assets at end Q3 2017, with the remaining 38.3% (equivalent to €5,847 billion) coming from AIF. €15.26tr +2.2% /Q2 2017 Net asset of the European Fund industry Q3 2017 (€ trillion)

£1.30bn +14.63% /September 2016

+1.8% /Q2 2017

€43.28tr

Worldwide investment fund assets increased 1.8% in the third quarter of 2017 to €43.28 trillion.

1,133 1,163 1,146 1,178 1,182 1,207 1,228 1,232 1,253 1,248 1,265 1,308 1,299

This graph shows the growth of

Industry assets under management including funds of funds for UK-authorised unit trusts and open-ended investment companies over the last 13 months.

2015

2016 2017

Top Ten at Q3 2017

Trends by investment type Q3 2017 (€ trillion) On a euro-denominated basis, equity fund net assets increased 1.7% to €17.7 trillion at the end of Q3 2017. Bond funds net assets increased 1.2% to €9.1 trillion. Balanced/mixed fund assets increased 1.4% to €7.6 trillion, and money market fund assets increased 3.7%to €4.8 trillion. At the end of Q3 2017, 41% of worldwide regulated open-ended fund net assets were held in equity funds. The net asset share of bond funds was 21% and the net asset share of balanced/ mixed funds was 18%. Money market fund net assets represented 11% of the worldwide total.

09 10 11

12 01

2017 02 03 04 05 06 07 08 09

2016

Ireland € 2.29 tr

Luxembourg € 4.03 tr

Source:The Investment Association

Assets under management by asset class (£ billion) - September 2017

Bond

Germany € 2.01 tr

France € 1.93 tr

Assets invested in equities represent 52.5% of total assets at the end of September 2017.

10,23%

2%

€17.7tr €9.1tr €4.8tr €7.6tr

15,32%

+1.7%

Equity

Netherlands € 839 bn

UK € 1.58 tr

682 236 24 199 26 133

Equity

£1,299bn

52,5%

Fixed Income Money Market Mixed asset Property Other

1,8%

+1.2%

Bonds

Money Market

18,15%

+3.7%

Sweden € 332 bn

Switzerland € 541 bn

+1.4%

Balanced

Source:The Investment Association

0 2000 4000 6000 8000 10000 12000 14000 16000

Retail sales - Last 8 quarters (£ million) - September 2017

14,029

€

Denmark € 293 bn

Italy € 315 bn

12,071

Q1

Q2

Q3

Q4

Q1

Q2

Q3

7,581

2017

2016

Net sales of AIFs Q3 2017 (€ billion)

Net cash flow to Investment Funds - Q3 2017 (€ billion)

5,381

3,493

This page shows retail sales of UK funds (unit trusts and OEICs) including funds of funds over the last 8 quarters. Please note all sales are shown net.

2,654

+76% /Q2 2017

+21% /Q2 2017

€56bn

€694bn

213

-1,327

AIF recorded net sales of €56 billion in Q3 2017. During the first three quarters of 2017, AIF attracted net sales of €193 billion, higher than the total net sales of €186 billion in 2016 and €161 billion in 2015.

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4 2015

Worldwide net cash flow to all funds amounted to €694 billion in Q3 2017, compared to €574 billion in Q2 of 2017.

2016

2017

Source:The Investment Association

694

74

611 574

564 596

63

56

55

432 388

32

47

42

42

48

© sboriso - Fotolia

206

154

2016

2015

2017

2015

2016

2017

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