Ireland's funds industry in numbers - April 2012
In our monthly Statistics Bulletin you will find a snapshot of key trends in the Irish funds industry, compiled using the latest data from the Central Bank of Ireland up to April 2012.
Assets under administration in Ireland have passed €2 trillion and the number of funds administered has exceeded 12,000 for the first time, new figures from the Central Bank and IFIA have revealed. The figures show a strong performance in the non-domiciled alternative investment fund sector combined with ongoing growth in domiciled funds. The number of non-domiciled funds administered in Ireland was up over 8% in the first quarter of 2012, while non-domiciled assets under administration rose by 10% over the same period.
New data also revealed that total alternative investment fund assets administered in Ireland reached €1 trillion in the first quarter of 2012 – a figure not exceeded since September 2008.
Meanwhile, Irish domiciled assets grew by over 8% between yearend and April 2012, while 212 new Irish funds were authorised over the same period. Combined with non-domiciled funds, this brought the total number of funds administered in Ireland to 12,389.
Statistical Overview - April 2012
- The latest available data for non-domiciled funds (Quarter 1 2012) showed an increase of 10% in net assets from €827 billion to €908 billion
- The number of non-domiciled funds rose by over 8% from 6,698 to 7,250
- The net assets of Irish domiciled funds increased to €1,144 billion in April, up by 2.4% from March
- Irish domiciled funds have experienced inflows of €51.6 billion in the year to date and €12.1 billion in April. The net inflows in April were broken down into €9 billion in UCITS and €3.1 billion in non-UCITS}
- In UCITS, bond funds saw by far the largest inflows of €5.7 billion followed by money market (+€758 million), equity (+€679 million) and balanced (+606 million)
- Qualifying Investor fund assets grew by 4.5% to €200 billion
- UCITS assets grew by 2% to €888 billion
- 82 funds were authorised in April, comprising 49 QIFs and 33 UCITS
- The total number of Irish authorised funds stood at 5,139 in April. Combined with 7,250 non-domiciled funds (Q1 2012), a total of 12,389 funds are serviced in Ireland
- Combining €1,144 billion in Irish domiciled assets with €908 billion in non-domiciled assets (Q1 2012), total assets under administration stood at €2 trillion