- In third quarter of 2020, outstanding amount of shares/units issued by investment funds other than money market funds rose to €12,818 billion, up €336 billion on previous quarter
- Net issues in quarter amounted to €141 billion, with €965 billion in gross issues and €825 billion in gross redemptions
- Outstanding amount of shares/units issued by money market funds rose to €1,391 billion, up €28 billion on previous quarter
Data for shares/units issued by investment funds other than money market funds
In the third quarter of 2020, the outstanding amount of shares/units issued by investment funds other than money market funds stood at €12,818 billion, €336 billion higher than in the second quarter (see Chart 1). Net issues during this period were €141 billion, with gross issues amounting to €965 billion and gross redemptions to €825 billion (see Chart 2). The annual growth rate of shares/units issued by investment funds other than money market funds, calculated on the basis of transactions, was 3.2% in the third quarter of 2020.
Data for issues and redemptions of shares/units by investment funds other than money market funds
In terms of the type of investment fund, net issues of shares/units by bond funds amounted to €63 billion in the third quarter of 2020 (see Chart 3). For equity funds net issues amounted to €51 billion, while net redemptions by mixed funds amounted to €2 billion and net issues by real estate, hedge and other funds amounted to €29 billion.
Data for shares/units issued by investment fund type other than money market funds
Exchange-traded funds (ETFs), which are a separate category within total investment funds (see annex below), recorded net issues of €28 billion in the third quarter of 2020. The outstanding amount of shares/units issued by ETFs stood at €854 billion.
Within the assets of investment funds other than money market funds, net purchases of debt securities amounted to €71 billion in the third quarter of 2020 (see Chart 4). Net purchases of equity were €47 billion, while those of investment fund shares/units were €50 billion.
Data for holdings of investment funds other than money market funds, by main instrument type
For shares/units issued by money market funds the outstanding amount was €28 billion higher than in the second quarter. This increase was accounted for by €49 billion in net issuance of shares/units and -€21 billion in other changes (including price changes). The annual growth rate of shares/units issued by money market funds, calculated on the basis of transactions, was 15.1% in the third quarter of 2020.
Within the assets of money market funds, the annual growth rate of debt securities holdings was 6.0% in the third quarter of 2020, with immaterial net transactions, which reflected net purchases of €26 billion in debt securities issued by euro area residents and net sales of the same amount in debt securities issued by non-euro area residents. For deposits and loan claims, the annual growth rate was 49.8% and transactions during the third quarter of 2020 amounted to €53 billion.
Statistical Data Warehouse:
All money market funds (time series)
All investment funds other than money market funds (time series)
For queries, please use the Statistical information request form.
ecb.europa.eu
pixabay
