Record number of Dutch investment funds in last quarter of 2012

Statistical News Release
Date 15 February 2013

The number of Dutch investment funds increased from 1,494 in the third quarter to 1,519 in the fourth quarter of 2012. The increase brings the number of investment funds established in the Netherlands to the highest level since statistics on investment funds began (at year-end 2008).

Total net assets of investment funds rose by 2.1% quarter-on-quarter (EUR 11.3 billion) to EUR 556.0 billion in the last quarter of 2012 (see Figure 1). The rise was due to price gains on investments as well as to net deposits.

Total net assets of Dutch investment funds

Investment funds realised a positive total return on investments of 1.3% quarter-on-quarter in the fourth quarter of 2012 (see Figure 2). Equity investments yielded quarter-on-quarter price gains of 1.3%. The MSCI World Index (a benchmark, measured in euros) fell by 0.4% quarter-on-quarter while the AEX Index rose by 6.0% quarter-on-quarter in this period. At year-end 2012, the funds’ equity investments amounted to EUR 225.2 billion. Investments were made predominantly in US equities (EUR 73.4 billion) and British equities (EUR 22.0 billion). Investments in Dutch equities amounted to EUR 11.1 billion. Investments in government bonds (EUR 111.9 billion) – dominated by bonds of euro area governments – yielded 1.3% quarter-on-quarter price gains. This is below the iBoxx Euro Sovereign All Maturities Index, which rose by 2.1% quarter-on-quarter in the last quarter of 2012. Investments in corporate bonds (EUR 80.3 billion) yielded 0.9% quarter-on-quarter price gains. Over 36% (EUR 29.3 billion) of the corporate bond investments was made in US corporate bonds (note 1).

Return on Dutch investment funds (in % QoQ

Dutch investment funds reported a net inflow of EUR 3.9 billion in the fourth quarter of 2012. Net deposits originated mainly from pension funds (EUR 3.2 billion). For the ninth quarter in a row, Dutch households withdrew money from Dutch investment funds (EUR 250 million in the last quarter of 2012). Bond funds (EUR 3.6 billion) and other funds (EUR 1.9 billion) invited the most net deposits. Real estate funds (EUR 0.2 billion), hedge funds (EUR 0.2 billion) and mixed funds (EUR 3 million) also showed a net inflow. Equity funds saw an outflow of EUR 2.1 billion. 

 

Note 1: Investments in other assets like real estate, money market paper and units in investment funds can be found in Internet Table 6.1.