- In first quarter of 2022, outstanding amount of shares/units issued by investment funds other than money market funds fell to €15,806 billion, down €488 billion on previous quarter
- Net issues in quarter amounted to €8 billion, with €1,362 billion in gross issues and €1,354 billion in gross redemptions
- Outstanding amount of shares/units issued by money market funds fell to €1,345 billion, down €108 billion on previous quarter
Data for shares/units issued by investment funds other than money market funds
In the first quarter of 2022, the outstanding amount of shares/units issued by investment funds other than money market funds stood at €15,806 billion, €488 billion lower than in the fourth quarter of 2021 (see Chart 1). Net issues during this period were €8 billion, with gross issues amounting to €1,362 billion and gross redemptions to €1,354 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 4.7% in the first quarter of 2022.
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 redemptions of shares/units by bond funds amounted to €62 billion in the first quarter of 2022 (see Chart 3). For mixed funds net issues amounted to €15 billion, while for equity funds it was €0 billion and for real estate, hedge and other funds it was €54 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 €52 billion in the first quarter of 2022. The outstanding amount of shares/units issued by ETFs stood at €1,322 billion.
Within the assets of investment funds other than money market funds, net sales of investment fund shares/units amounted to €31 billion in the first quarter of 2022 (see Chart 4). Net sales of debt securities were €20 billion, while those of equity were €6 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 €108 billion lower than in the fourth quarter of 2021. This decrease was accounted for by €115 billion in net redemptions of shares/units, only partly compensated by €7 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 -3.4% in the first quarter of 2022.
Within the assets of money market funds, the annual growth rate of debt securities holdings was -5.1% in the first quarter of 2022, with overall net sales amounting to €120 billion, which reflected net sales of €92 billion in debt securities issued by non-euro area residents and net sales of €29 billion in debt securities issued by euro area residents. For deposits and loan claims, the annual growth rate was 4.5% and transactions during the first quarter of 2022 amounted to €18 billion.
Statistical Data Warehouse:
All money market funds (time series)
All investment funds other than money market funds (time series)
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