Ireland's funds industry in numbers - September 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 September 2012.
Quarterly data from the Central Bank revealed that the proportion of non-domiciled assets serviced in Ireland continues to grow strongly. Net assets of non-domiciled funds increased by over a quarter between year-end 2011 and September 2012. The number of non-domiciled funds serviced in Ireland increased by over 12% during the same period.
Meanwhile, Irish domiciled fund authorisations also remain buoyant with 591 new funds approved in the year to October. Interestingly, slightly more QIFs than UCITS have been approved in 2012 to date. This is unusual given the dominance and scale of the UCITS product (accounting for 60% of the total number of Irish funds and 78% of net assets). The statistics suggest significant demand for regulated alternative investment fund structures, in addition to the proliferation of offshore structures.
- Irish UCITS saw net inflows of €6.3 billion in September, while non-UCITS funds witnessed net outflows of €1.9 billion
- Bond funds were the best performing asset class in UCITS, with net sales of €4.5 billion
- 591 funds (including sub funds) have been authorised in Ireland in the year to October, including 293 QIFs and 287 UCITS
- The net assets of non-domiciled funds administered in Ireland have increased by 26% between year-end 2011 and Q3 2012 to €1,041 billion
- The number of non-domiciled funds (including sub funds) serviced in Ireland increased by 12.6% over the same period to 7,543
- The net assets of Irish domiciled funds stood at €1,200 billion in September 2012. This figure comprised of €941 billion in UCITS, €202 billion in QIFs and €57 billion in other non-UCITS funds