Ireland's funds industry in numbers - March 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 March 2012.
The latest data available from the Central Bank revealed that March saw net inflows of €19.4 billion into Irish domiciled funds, the largest in any single month since August 2010. All asset classes saw positive inflows, particularly money market and bond funds. Net Irish domiciled assets grew by 2.3% during the month to €1,116 billion, representing 5.8% growth since 2011 year end.
Statistical Overview - March 2012
- The net assets of Irish domiciled funds grew by 2.3% between February and March 2012 to €1,116 billion
- March saw net inflows of €19.4 billion into Irish domiciled funds, the largest in any single month since August 2010.The net inflows were broken down into €16.2 billion in UCITS and €3.1 billion in non-UCITS
- In UCITS the largest inflows were in money market funds (+€7.9 billion) and bond funds (+€5.6 billion) followed by balanced (+1 billion), equity (+982 million) and other UCITS (+€712 billion)
- While both UCITS and QIFs have continued to grow in recent months, the QIF’s share of Irish domiciled assets has increased relative to UCITS. The QIF now represents 17% of Irish domiciled assets (up from 14% in October 2010) while UCITS now represent just under 78% (down from 80% in October 2010)
- There were 39 new fund authorisations in March, including 24 QIFs and 15 UCITS
- The total number of Irish authorised funds stood at 5,077 in March. Combined with 6,698 non-domiciled funds (latest available data for which is Q4 2011), a total of 11,775 funds are serviced in Ireland
- Combining €1,116 billion in Irish domiciled assets with €827 billion in non-domiciled assets (latest available data for which is Q4 2011), total assets under administration stood at €1.9 trillion