Ireland's funds industry in numbers - February 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 February 2012.
The assets of Irish domiciled funds grew to €1,092 billion in February. Irish funds also experienced overall positive net sales of €1 billion. Inflows were driven by non-UCITS funds while UCITS experienced their first net outflows since September 2011. UCITS outflows were caused by redemptions in money market and bond funds while these outflows were countered by strong demand for sophisticated UCITS.
Statistical Overview - February 2012
- The net assets of Irish domiciled grew by 0.4% in February 2012 to €1,092 billion
- The latest available figures for non-domiciled funds administered in Ireland (Q4 2011) revealed growth of 1% on the previous quarter to €827 billion. This brings the total combined assets under administration in Ireland to €1.9 trillion
- Net sales in Irish domiciled funds for February showed an increase of €1.9 billion in non-UCITS funds while UCITS funds experienced net outflows (€865 million) for the first time since September 2011
- The net outflows in UCITS were driven by redemptions in money market funds (-€2.3 billion) and bond funds (-€1,9 billion). These outflows were offset somewhat by positive sales in ‘other’ UCITS including sophisticated UCITS (+€2 billion), balanced funds (+€803 million) and equity funds (+€534 million)
- The number of Irish domiciled funds (including sub funds) increased to 5,080 in February. There were 59 new fund authorisations, including 40 UCITS and 17 QIF registrations
- The number of non-domiciled funds administered in Ireland now stood at 6,698 (Quarter 4 2011), reflecting an increase of 4% on the previous quarter and 7% growth on Q4 2010. This brings the total number of funds including sub funds administered in Ireland to 11,778