The European Federation of Investment Funds and Companies (FEFSI) released its quarterly statistics which reports on the trends in the European investment fund industry in the first quarter of 2003.
Main highlights in the Statistical Release are:
Total investment fund assets fell by 1.0% during the first quarter of 2003 to EUR 4,221 billion. The decline was limited thanks to strong investor demand for fixed-income, real-estate and capital guaranteed/protected funds, which contributed to offset almost entirely the negative impact of the slide in stock prices that preceded the Iraq war.
Money market and bond funds benefited from a record EUR 57 billion of net inflows in the first quarter of 2003. The consequence was an increase to 55% in the share of assets held in fixed-income funds.
Assets held in capital guaranteed/protected funds increased by 14% to a record EUR 139 billion.
Quarterly Statistical Release
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