Ireland's funds industry in numbers - October 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 October 2012.
UCITS bond funds continue to drive demand, experiencing the largest inflows of €5.3 billion in October 2012, according to the latest data from the Central Bank of Ireland. UCITS bond fund assets have grown by 121% over the past twelve months, far outstripping any other asset class. Meanwhile, money market funds have witnessed a15% decline in assets over the same period.
- UCITS saw net inflows of €12.9 billion in October, while non-UCITS experienced minor outflows of €683 million
- In UCITS, bond funds experienced the largest inflows (+€5.3 billion), followed by money market funds (+€3.1 billion), equity (+€2.5 billion), other UCITS (+1.7 billion) and balanced funds (+€0.3 billion)
- Net assets of Irish UCITS bond funds increased by 121% on October 2011. Bond funds now represent 34% of Irish UCITS assets, up from 19% twelve months ago
- Net assets of money market funds have declined by 15% since October 2011. Proportionately, money market funds now represent 25% of Irish domiciled fund assets – down from 37% only twelve months ago
- The proportion of UCITS equity funds (26%) and balanced funds (5%) has remained stable over the past twelve months
- Total assets administered in Ireland in October 2012 stood at €2.2 trillion, comprising €1.2 billion in Irish domiciled assets and €1 billion in non-Irish domiciled assets
- There were 12,762 funds administered in Ireland, comprising7,543 non-domiciled funds and 5,219 Irish domiciled funds