Strong growth of assets in Dutch investment funds

Statistical News Release
Date 18 November 2013

In the first quarter of 2013 Dutch investment funds’ managed assets increased by 3.9% Q-o-Q  (EUR 23.6 billion) to a record EUR 627.4 billion. This development was driven by both price gains on investments and net deposits. The number of investment funds decreased from 1579 in the second quarter of 2013 to 1575 in the third quarter (Figure 1).

Fig 1: Investments by Dutch investment funds

* Other deposits primarily include real estate, loans, deposits and derivatives.

During the third quarter of 2013, the number of hedge funds decreased especially sharply, from 104 to 97 (Figure 2), while the number of bond funds declined by 1, to 282. Conversely, the numbers of real estate funds and other funds each increased by 2, to 470 and 196, respectively. The numbers of equity and mixed funds was unchanged from the preceding quarter.

Fig 2: Number of investment funds by type

Investment funds realised total returns on invested assets of 1.6% Q-o-Q in the third quarter. The previous quarter had seen negative overall returns of -1.9% Q-o-Q. Price gains on equity investments (EUR 242.9 billion) amounted to 2.7% Q-o-Q (converted into euro), while the MSCI World Index (in euro) rose by 3.4% Q-o-Q in the third quarter of 2013. Investments in government bonds (EUR 127.1 billion) saw -0.9% quarter-on-quarter price losses. Corporate bond investments (EUR 77.7 billion) likewise recorded losses, of -1.2% Q-o-Q in euro.
Net deposits into investment funds amounted to EUR 16.9 billion in the third quarter of 2013 (compared to EUR 0.6 billion in the preceding quarter). The comparatively large net deposits reflected the opening up of several insurance funds to external investors. This occasioned a one-off net deposit of EUR 10.2 billion. When adjusted for this one-off occurrence, net deposits into bond funds ran to EUR 5.2 billion, those into equity funds to EUR 0.1 billion and those into other funds to EUR 1.7 billion. The third quarter of 2013 saw net withdrawals from equity funds (EUR -0.2 billion), hedge funds (-36 million) and mixed funds (‑12 million).