Ireland's funds industry in numbers
Strong performing equities and bonds signal asset reallocation
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 February 2013.
The initial months of 2013 have seen continued inflows to equity and bond funds on the back of strong performance data from 2012. Equity and bond funds yielded net performance of 14.2% and 7.6% respectively in 2012, based on analysis of data from the Central Bank of Ireland. Money market funds have experienced net outflows for the year to date indicating a reallocation of assets from money market funds to other higher yielding asset classes.
This reallocation, coupled with strong performance has resulted in the assets of Irish domiciled equity UCITS exceeding those of money market fund UCITS for the first time, according to the latest statistical data from the Central Bank of Ireland (February 2013).
Click here to view our February 2013 statistics bulletin (pdf)
- The net assets of all Irish domiciled funds amounted to €1.3 trillion as of February 2013 representing overall growth of 15% from February 2012
- Performance contributed significantly to this growth with an average performance yield of 6.9% during 2012 (15.0% performance yield for balanced funds, 14.2% for equity funds, 7.8% for bond funds, while money market funds achieved a performance yield of 1.5%)
- UCITS equities continue to perform well for the year to date with an average performance yield of 3.5%
- In February 2013, the net assets of Irish UCITS equities reached €273 billion, representing 18% growth on the same period last year and 28% of Irish UCITS assets
- In February 2013 net inflows were recorded in bond (+€4.6 bn), equity (+3.1 bn), balanced (€1.2 bn) and ‘other UCITS’ (+€1.4 bn) with net outflows from UCITS money market funds of €7.7 bn
- Bond fund net assets have grown by almost a third over the past year and now represent 35% of Irish UCITS assets
- The reallocation to equity and bond funds has resulted in money market fund UCITS now representing 28% of Irish UCITS net assets, down from 33% a year ago
- 54 funds including sub funds were authorised in February 2013, including 39 UCITS and 16 QIFs
Click here to view our February 2013 statistics bulletin (pdf)
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