Ireland's funds industry in numbers - January 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 January 2012.
The net assets of Irish domiciled funds reached €1,087 in January 2012, representing 13% growth on the previous year. Net sales in Irish domiciled funds reached €19 billion in January, with money market and bond funds witnessing the strongest inflows. This follows the news released by the European Fund and Asset Management Association (EFAMA) in February that Ireland experienced the highest net inflows of UCITS (+€62 billion) of all European fund domiciles in 2011.
Statistical Overview - January 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