Decline of total net assets of Dutch investment funds due to price losses

Statistical News Release
Date 14 August 2013

In the second quarter of 2013, total net assets of Dutch investment funds declined 2.4% quarter-on-quarter (EUR 14.2 billion) to EUR 567.9 billion.

The fall in total net assets was entirely due to price losses on investments. The number of investment funds rose from 1,545 in the first quarter to 1,556 in the second quarter of 2013. As a result, the number of Dutch investment funds grew to a record high (see Figure 1).

Total net assets of Dutch investment funds

In the second quarter of 2013, Dutch investment funds realised negative total returns of 1.9% quarter-on-quarter. This is the first negative total return since the third quarter of 2011. In the second quarter of 2013, equity investments (EUR 233.6 billion) sustained price losses of 3.7% quarter-on-quarter (converted into euros). In the same period, the MSCI World index (a benchmark, measured in euros) decreased 1.3% quarter-on-quarter. In particular equity of funds investing in emerging markets declined sharply (see Figure 2).

These funds (with aggregated managed assets of EUR 36.1 billion) reported negative total returns of 10.8% quarter-on-quarter, while the MSCI Emerging Markets index – measured in euros – dropped 10.2% quarter-on-quarter. For investments in bonds (EUR 191.8 billion), investment funds reported price losses of 2.3% quarter-on-quarter.

Return on

Dutch investment funds showed net new deposits of EUR 0.9 billion in the second quarter of 2013, a decline from the EUR 3.6 billion in the previous quarter. Bond funds reported the most net new deposits (EUR 4.0 billion). The other funds showed net new deposits totalling EUR 1.6 billion, of which EUR 1.3 billion was invested in commodities. Investors withdrew money from equity funds (EUR -3.1 billion), real estate funds (EUR -0.9 billion), mixed funds (EUR -0.8 billion) and hedge funds (EUR -7 million).