Ireland's funds industry in numbers - December 2011
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 December 2011.
2011 marked the year that the net assets of Irish domiciled funds exceeded €1 trillion. The latest statistics from the Central Bank (December 2011) reveal that the assets of Irish domiciled funds grew by 10% over the course of the year – which is quite remarkable given the level of market uncertainty and asset volatility during 2011. Between January and December 2011, the net assets of the Qualifying Investor Fund (QIF) rose by 20% to €182 billion. The net assets of UCITS grew by over 8% during the same period to €820 billion.
Statistical Overview - December 2011
- The net assets of Irish domiciled funds grew by 2% in December to €1,055 billion. Combined with non-domiciled assets of €820 billion, the industry now services €1.9 trillion
- Net sales into Irish domiciled funds amounted to €75 billion in 2011, consisting of €61.2 billion worth of flows into UCITS and €13.8 billion into non-UCITS funds
- 781 funds including sub funds were authorised in Ireland in 2011, including 387 UCITS and 275 QIFs
- There were 5,069 Irish domiciled Irish authorised funds at yearend 2011 and a further 6,442 non domiciled funds were also serviced in Ireland. This brings the total number of funds serviced in Ireland to 11,511
- Net inflows into Irish funds amounted to €16.7 billion in December, the majority of which (€15.4 billion) was in UCITS
- In UCITS, money market funds saw the biggest inflows (+€9.1 billion), followed by bond funds (€5.9 billion)