Total assets under management of Dutch money market funds rose from EUR 2.0 billion in 2012 to EUR 2.1 billion in 2013 (see Figure 1). This moderate increase entirely reflected the opening up of an insurance fund to external investors.
Disregarding this effect, assets under management fell by EUR 0.2 billion. Foreign investments of Dutch money market funds stood at EUR 1.1 billion. The number of Dutch money market funds increased by 1 to 17 in 2013 (see Note 1).
Figure 1: Dutch money market funds
* Feeder funds were disregarded in the balance sheet total (to avoid double counting)
Dutch money market funds are limited in size compared with other countries. According to statistics prepared by EFAMA – the European Fund and Asset Management Association – money market funds’ worldwide assets under management stood at EUR 3,475 billion in the third quarter of 2013. Assets managed by US money market funds amounted to EUR 1,985 billion in the third quarter of 2013, accounting for the largest share in worldwide assets under management, while assets managed by European money market funds stood at EUR 935 billion.
Note 1: These are figures on money market funds established in the Netherlands. Foreign money market funds on offer in the Netherlands are not included. Because of their limited size, Dutch money market funds are not required to report monetary and financial statistics to DNB. The figures in this Statistical News Release were collected by means of an annual investment fund manager survey.