Ireland's funds industry in numbers - May 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 May 2012.
Reflecting the current flight to safety, UCITS bond funds continued to attract the largest net inflows in May with net sales of €6 billion. In fact bond funds have accounted for over three quarters of total Irish UCITS net sales and 59% of all Irish fund net sales over the past three months. At the same time, net assets of the Qualifying Investor Fund (QIF) continue to grow faster than UCITS, with 15% growth over the past three months versus 10% in UCITS.
Statistical Overview - May 2012
- The net assets of Irish domiciled funds reached €1,165 billion in May, up by 2% on April with 4.7% growth in Qualifying Investor Fund (QIF) assets and 1.4% growth in UCITS over the month
- Net assets of Irish domiciled funds have grown by 10.3% in the year to date. Qualifying Investor Funds (QIFs) lead the way with growth in net assets of 15.3%, followed by UCITS at 9.8% net asset growth over the past three months
- Total net sales in May stood at €5.5 billion, with UCITS accounting for €5.1 billion. In non-UCITS, QIFs attracted strong net sales of €1.3 billion but this was offset by net outflows of €974 million in other non-UCITS
- In UCITS, bond funds saw inflows of €5.9 billion, while other/unclassified UCITS and balanced funds saw much smaller inflows of €993 billion and €358 billion respectively. Equity and money market funds both experienced net outflows slightly over €1 billion
- There were 49 fund authorisations in May, consisting of 23 UCITS, 22 QIFs and 4 non-UCITS retail funds
- Total assets administered in Ireland including non-domiciled funds stood at €2.1 trillion in 12,415 funds