FEFSI released its latest Quarterly Statistical Release which reports on the trends in the European investment fund industry in the second quarter of 2003.
Main highlights in the Statistical Release are:
Total investment fund assets increased by 6.9% during the second quarter of 2003 to EUR 4,487 billion. The increase was driven by the upturn of worldwide stock markets and the rebound in equity fund demand.
The good performance of equity funds in terms of net sales put an end to a nine-month period of equity outflows. The recent pattern of net inflows suggests that if stock markets manage to hold to the gains recorded since end June, it is likely that equity funds will again post positive inflows during the third quarter of 2003.
Strong investor activity in bond funds across all markets also continued to sustain UCITS asset growth, adding over EUR 33 billion during the second quarter.
FEFSI Paper
© FEFSI
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