Assets managed by Dutch investment institutions further down

Statistical news
Datum 17 november 2015

The third quarter of 2015 has seen assets managed by Dutch investment institutions slide by 4.5% to EUR 737 billion, due mainly to value decreases. Equity funds saw the value of their investments decrease most strongly, shedding 10%. Positive net deposits worth EUR 5.3 billion mitigated the fall in total assets.

In the third quarter of 2015, total assets managed by Dutch investment funds dropped further, by EUR 35 billion (-4.5% quarter-on-quarter), from EUR 772 billion to EUR 737 billion. The decline has brought the level of assets back to that reported for the third quarter of 2014, after it had reached an all-time high in the first quarter of 2015 (see Figure 1). Assets under management fell most markedly among equity funds (EUR 32 billion) and to a lesser extent among bond funds (EUR 2.8 billion), mixed funds (EUR 0.7 billion) and real estate funds (EUR 0.3 billion). By contrast, assets managed by other funds and hedge funds were up by EUR 0.6 billion and EUR 0.2 billion, respectively.

Total returns of all investment institutions came to -4.0% quarter-on-quarter in the third quarter of 2015 (see Figure 2), similar to those reported for the previous quarter. This loss was driven mainly by negative returns registered among equity funds, at -10% quarter-on-quarter. Those investing their assets in emerging markets and Asia faced the biggest losses, at -17.1% and -12.9% quarter-on-quarter, respectively, broadly in line with those of the MSCI Emerging Markets and MSCI World benchmark indices, which registered -18.9% and -9.0% , respectively.  

Mixed and other funds likewise reported negative total returns, at -4.2% and -4.7% quarter-on-quarter, respectively. Conversely, investments in bond funds and real estate funds generated slightly positive returns, at +0.3%  and +0.6% quarter-on-quarter, respectively.

The drop in the value of the Dutch investment funds' assets was compensated in part by net new deposits in units issued by investment funds in the amount of EUR 5.3 billion (see Figure 3), This is the first net inflow since the third quarter of 2014. The highest amount in net new deposits, at EUR 5.1 billion, was reported in the other funds category, more specifically among commodity and mortgage funds. In addition, EUR 3.5 billion was invested in bond funds, while investors withdrew funds from equity funds (EUR 2.6 billion) and real estate funds (EUR 0.7 billion).