Euro Area Investment Fund Statistics March 2013

(PresseBox) ( Frankfurt am Main, )
In March 2013, the amount outstanding of shares/units issued by euro area investment funds other than money market funds was €327 billion higher than one quarter earlier in December 2012. This increase was due almost equally to increases in share/unit prices and to net issues of shares/units.

The amount outstanding of shares/units issued by euro area investment funds other than money market funds increased to €6,888 billion in March 2013, from €6,561 billion in December 2012. Over the same period, the amount outstanding of shares/units issued by euro area money market funds decreased to €908 billion from €911 billion.

Transactions[1] in shares/units issued by euro area investment funds other than money market funds amounted to €160 billion in the first quarter of 2013, while transactions in shares/units issued by money market funds amounted to minus €3 billion.

The annual growth rate of shares/units issued by euro area investment funds other than money market funds, calculated on the basis of transactions, was 6.3% in March 2013, while the annual growth rate of shares/units issued by euro area money market funds was -5.6%.

Regarding the assets of euro area investment funds other than money market funds, the annual growth rate of securities other than shares was 9.5% in March 2013, with transactions amounting to €82 billion during the first quarter. In the case of shares and other equity the corresponding annual growth rate was 2.0%, with first-quarter transactions of €34 billion. For holdings of investment fund shares/units the annual growth rate was 7.7%, with first-quarter transactions of €33 billion.

In terms of the breakdown by investment policy, the annual growth rate of shares/units issued by bond funds was 11.3% in March 2013. Transactions in shares/units issued by bond funds amounted to €55 billion in the first quarter of 2013. In the case of equity funds, the corresponding annual growth rate was 2.4%, with first quarter transactions of €43 billion. For mixed funds, the corresponding figures were 5.8% and €49 billion.

Regarding the assets of euro area money market funds, the annual growth rate of securities other than shares was -6.8% in March 2013, with transactions amounting to €12 billion during the first quarter (within this item, the transactions in securities issued by euro area residents were €14 billion); for deposit and loan claims the annual rate of change was -0.4% and transactions during the first quarter equalled minus €6 billion.

Notes
- Money market funds are presented separately in this press release since they are classified in the monetary financial institutions sector within the European statistical framework, while other types of investment fund are classified in the other financial intermediaries sector.
- Further predefined tables, statistical data and methodological notes, as well as the advance release calendar, are available in the "Statistics" section of the ECB's website under "Euro area investment fund statistics"
(http://www.ecb.europa.eu/stats/money/funds/html/index.en.html) and "The balance sheets of monetary financial institutions"
(http://www.ecb.europa.eu/stats/money/aggregates/bsheets/html/index.en.html).

[1] Transactions in shares/units issued mainly reflect the difference between shares/units issued and those redeemed, but may also include other transactions, such as those resulting from dividend payments received or distributed by the fund.
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