Following two turbulent quarters, the investment funds’ asset position past quarter settled down again somewhat. In recent quarters, the asset position of investment funds varied relatively strongly as a result of disinvestments, investments and gains on investments.
In the second quarter of 2019 the investment funds recorded positive returns. Mainly as a result of this, assets on a quarterly basis rose more than EUR 17 billion to peak at a new all-time high of EUR 924,4 billion, representing growth of 1,9%.
The rise is largely attributable to EUR 12,3 billion gains on investments held by equity and bond investment funds. Rises in the value of equity investments are more or less in line with profits seen at international stock exchanges in the same period: AEX +2.3%, S&P +2.3%, and MSCI World +1.9%. In addition, net investments (deposits) in investment funds contributed to asset growth of EUR 818 million. The deposits are the result of deposits at investment funds, households and foreign holdings of more than EUR 1,7 billion and withdrawals of more than EUR 900 million at other sectors.