- In second quarter of 2022, outstanding amount of shares/units issued by investment funds other than money market funds fell to €14,823 billion, down €1,022 billion on previous quarter
- Net redemptions in quarter amounted to €77 billion, with €1,064 billion in gross issues and €1,141 billion in gross redemptions
- Outstanding amount of shares/units issued by money market funds rose to €1,363 billion, up €22 billion on previous quarter
Data for shares/units issued by investment funds other than money market funds
In the second quarter of 2022, the outstanding amount of shares/units issued by investment funds other than money market funds stood at €14,823 billion, €1,022 billion lower than in the first quarter (see Chart 1). Net redemptions during this period were €77 billion, with gross issues amounting to €1,064 billion and gross redemptions to €1,141 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 2.8% in the second 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 €64 billion in the second quarter of 2022 (see Chart 3). For equity funds net redemptions amounted to €47 billion, while net issues by mixed funds amounted to €1 billion and net issues by real estate, hedge and other funds amounted to €34 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 €17 billion in the second quarter of 2022. The outstanding amount of shares/units issued by ETFs stood at €1,221 billion.
Within the assets of investment funds other than money market funds, net sales of equity amounted to €33 billion in the second quarter of 2022 (see Chart 4). Net sales of debt securitieswere €31 billion, while those of investment fund shares/units were €23 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 €22 billion higher than in the first quarter. This increase was accounted for by €26 billion in other changes (including price changes) and €4 billion in net redemptions of shares/units. The annual growth rate of shares/units issued by money market funds, calculated on the basis of transactions, was -2.8% in the second quarter of 2022.
Within the assets of money market funds, the annual growth rate of debt securities holdings was -8.1% in the second quarter of 2022, with overall net sales amounting to €33 billion, which reflected net sales of €23 billion in debt securities issued by non-euro area residents and net sales of €10 billion in debt securities issued by euro area residents. For deposits and loan claims, the annual growth rate was 13.6% and transactions during the second quarter of 2022 amounted to €23 billion.
Statistical Data Warehouse:
All money market funds (time series)
All investment funds other than money market funds (time series)
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