Over the past three months, total assets of Dutch investment funds reached the seventh consecutive quarterly record (see Figure 1). The value of assets under management increased by EUR 58.7 billion in the first quarter of 2015, to reach EUR 807 billion. Equity and bond funds, in particular, saw their invested assets grow substantially, by EUR 24.7 billion and EUR 20.8 billion, respectively.
Price gains push up investment funds' assets under management
- Statistical News Release
Date 21 May 2015
The first quarter of 2015 has seen assets managed by Dutch investment funds go up by 7.8% to EUR 807 billion, largely as a result of record total returns of 10.3% (EUR 74.8 billion). At the same time, EUR 15.3 billion in net outflows dampened growth in assets under management.
Investments funds' asset growth was pushed up in particular by 10.3% quarter-on-quarter total returns, which include interest and dividend income. This has been the highest figure on record since statistics on investment institutions began. Quarter-on-quarter price gains on equity investments were 15.5% in the first quarter (see Figure 2), in line with the rise in equity indices, such as the MSCI World Index, which was up by 14.6%. The price gains for hedge funds, mixed funds and real estate funds were 12.4%, 9.8% and 9.4% quarter-on-quarter, respectively. Returns from other funds and bond funds were lower on average, at 7.0% and 6.2%, respectively.
Net withdrawals from investment institutions dampened the increase in assets under management for the second consecutive quarter. These net outflows were EUR 15.3 million in the first quarter of 2015, or 1.9% of assets under management. Total withdrawals from equity funds amounted to EUR 15.2 billion, while those from real estate funds were EUR 3.7 billion. These were compensated to some extent by EUR 3.8 billion in net inflows into other funds.
As in the final quarter of 2014, pension funds accounted for most withdrawals from investment institutions, totalling EUR 9 billion. Also insurers were responsible for a substantial outflow, totalling EUR 4 billion.