International Statistical Release

Transcription

1 International Statistical Release This release and additional tables of international statistics are available on efama s website ( Worldwide Investment Fund Assets and Flows Trends in the First Quarter 202 Brussels, 5 July 202. Investment fund assets worldwide increased by 4.4 percent in the first quarter of 202 to stand at trillion. Worldwide net cash inflows to all funds increased in the first quarter to 93 billion from 83 billion in the previous quarter. Net cash flows into long-term funds jumped to 248 billion in the first quarter, compared to billion in the fourth quarter of 20. This jump was mainly attributable to increased net sales of bond funds, which increased from 49 billion in the previous quarter to 69 billion in the first quarter. Equity funds registered a third quarter of net withdrawals, albeit at a slower pace, registering outflows of 6 billion, compared to net outflows of 52 billion in the previous quarter. Net sales of money market funds returned to negative territory in the first quarter registering net outflows of 55 billion, against net inflows of 72 billion in the fourth quarter of 20. The information presented in this report was compiled by EFAMA and the Investment Company Institute on behalf of the International Investment Funds Association, an organization of national investment fund associations. The collection for the first quarter of 202 contains statistics from 46 countries. Worldwide Investment Fund Assets (*) (Trillions of euros, end of quarter) Q Q2 Q3 Q4 Q Q2 Q3 Q4 Q Q2 Q3 Q4 Q (*) Including funds of funds.

2 EFAMA International Statistical Release (202:Q) On a U.S. dollar-denominated basis and taking into account funds of funds, investment fund assets worldwide increased 7.8 percent in the first quarter of 202 to US$27.85 trillion. On a U.S. dollar denominated basis investment fund assets in the United States increased 7.6 percent in the first quarter, compared with a 4.2 percent increase on a Euro-denominated basis. This difference reflects the depreciation of the US dollar vis-à-vis the euro during the quarter. The following graphs show the net asset growth of the six largest countries/regions. Geographical Trends in Investment Fund Assets at 202:Q () (Billions of euro, end of quarter) 7.6% 5.8% 8.0% 4.6% 9.3% 6.3% 0,206 9,792 % change in local currency 5,634 5,96,45,224,3, USA Europe Brazil Australia Japan Canada 20:Q4 202:Q () Including funds of funds. Geographical Trends by Type of Fund, 202:Q USA (Billions of euros, end of quarter) Europe Brazil Equity 4,408 2, % chg in EUR () 0% 8% 9% 4% -2% 4% % chg in loc. cur. (2) 3% 8% 20% 6% 0% 5% Bond 2,299, % chg in EUR () 3% 6% 6% 2% -5% 5% % chg in loc. cur. (2) 6% 6% 7% 4% 5% 6% Money Market,933, % chg in EUR () -7% 2% 0% 3% -2% -3% % chg in loc. cur. (2) -4% 2% % 5% -3% -3% Balanced / Mixed % chg in EUR () 6% 5% 7% % % chg in loc. cur. (2) 9% 5% 8% % Other (3) % chg in EUR () 9% 8% 6% 2% 0% 9% % chg in loc. cur. (2) 2% 8% 7% 4% % 0% () 202:Q compared to 20:Q4. (2) 202:Q compared to 20:Q4, using the euro as the local currency for Europe. (3) Including funds of funds. Australia Japan Canada 2

3 EFAMA International Statistical Release (202:Q) On a Euro denominated basis, equity fund assets worldwide increased 7.8 percent to 7.9 trillion in the first quarter of 202. Over the same period balanced funds registered growth of 5.2 percent to 2.2 trillion, whilst bond fund assets grew 4.0 percent to stand at 4.7 trillion. On the other hand, money market fund assets witnessed an decrease in net assets of 3.3 percent to stand at 3.5 trillion at end March 202. Worldwide Assets of Equity, Bond, Money Market, and Balanced / Mixed Funds (Billions of euros, end of quarter) 7,32 7,894 4,55 4,697 3,629 3,508 2,5 2,224 20:Q4 202:Q 20:Q4 202:Q 20:Q4 202:Q 20:Q4 202:Q Equity Bond Money Market Balanced / Mixed Net Sales of Investment Funds (Billions of euros) Q Q2 Q3 Q4 Q Q Q2 Q3 Q4 Q Q Q2 Q3 Q4 Q Equity Bond Money Market Balanced / Mixed Other (3) Long-Term (4) Total () For Austria, Bulgaria, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Liechtenstein, Luxembourg, Malta, the Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey and UK. (2) 39 countries reported in 20:Q3; 40 in 202:Q; 4 in 20:Q, 20:Q2, 20:Q4. Assets of reporting countries represented 93 percent of all countries at the end of 202:Q. (3) Including net sales of funds of funds. (4) Total excluding Money Market Funds USA Europe () World (2) 3

4 EFAMA International Statistical Release (202:Q) Investment funds worldwide experienced an increase in net flows in the first quarter of 202 to register net inflows of 93 billion, up from 83 billion in the previous quarter. Long-term funds recorded net inflows of 248 billion, a considerable increase compared to the net inflows of billion recorded in the previous quarter. Flows out of equity funds worldwide were 6 billion in the first quarter, after experiencing 52 billion of net outflows in the fourth quarter of 20. European equity funds posted net inflows of 9 billion in the first quarter compared to 29 billion of net outflows in the previous quarter. In the United States, outflows from equity funds slowed in the first quarter to 2 billion versus net outflows of 2 billion in the fourth quarter. Flows into bond funds worldwide increased significantly to 69 billion in the first quarter of 202, the largest quarterly bond inflow ever recorded, after registering 49 billion of net inflows in the fourth quarter. Bond funds reported 86 billion of net inflows in the United States, up from 5 billion in the previous quarter. In Europe net inflows totaled 49 billion during the first quarter, marking a sharp turnaround compared to the net outflows of billion recorded in the previous quarter. Flows into balanced/mixed funds worldwide totaled 44 billion in the first quarter of 202, compared with billion of net outflows in the fourth quarter of 20. These inflows into balanced/mixed funds were 2 billion in the United States and 8 billion in Europe in the first quarter. Money market funds worldwide experienced 55 billion of net outflows in the first quarter of 202, which contrasts with the 72 billion of net inflows witnessed in the fourth quarter of 20. While money market funds in the United States posted outflows of 83 billion in the first quarter, positive inflows were recorded in Europe. Money market funds in Europe posted net inflows of 22 billion in the first quarter, up from billion in the previous quarter. 4

5 EFAMA International Statistical Release (202:Q) Composition of Worldwide Investment Fund Assets, 202:Q (*) (Percent of total assets, end of quarter) Balanced-Mixed % Other / Unclassified 2% Bond 22% Equity 38% Money Market 7% (*) Including funds of funds. At the end of the first quarter of 202, 38 percent of worldwide investment fund assets were held in equity funds. The asset share of bond funds was 22 percent and the asset share of balanced/mixed funds was percent. Money market fund assets represented 7 percent of the worldwide total. The number of investment funds worldwide stood at 83,005 at the end of the first quarter. By type of fund, 34 percent were equity funds, 2 percent were balanced/mixed funds, 6 percent were bond funds, and 4 percent were money market funds. Composition of Worldwide Investment Funds, 202:Q (*) (Percent of funds, end of quarter) Balanced-Mixed 2% Other / Unclassified 26% Bond 6% (*) Including funds of funds. Money Market 4% Equity 34% 5

6 EFAMA International Statistical Release (202:Q) Looking at the worldwide distribution of investment fund assets at end March 202, the United States and Europe held the largest share in the world market, with 48.9 percent and 28.6 percent, respectively. Brazil, Australia, Japan, Canada, China, Rep. of Korea, South Africa and India follow in this ranking. Taking into account non-ucits assets, the market share of Europe reached 36.0 percent at end March 202. Top 0 Countries/Regions of Worldwide Investment Fund Assets (*) (Market share at end Q 202) USA 48.9% Others 0.9% Japan 3.7% South Africa 0.6% Australia 5.5% India 0.3% Brazil 5.9% China.2% Europe 28.6% Canada 3.6% Rep. of Korea 0.9% The chart below highlights the top ten domiciles worldwide of investment fund assets at end March 202. Top 0 Domiciles of Worldwide Investment Fund Assets (*) (Market share at end Q 202) France 5.4% Ireland 4.2% United Kingdom 3.3% Luxembourg 8.9% USA 48.9% Others 9.4% Germany.% Brazil 5.9% Australia 5.5% Canada 3.6% Japan 3.7% (*) Including funds of funds. 6

7 EFAMA International Statistical Release (202:Q) Table TOTAL NET ASSETS, :Q Billions of U.S. dollars, end of period ITEM Q Q2 Q3 Q4 Q All Reporting Countries 26,3 8,920 22,953 24,699 25,620 25,930 23,29 23,79 25,588 Equity 2,34 6,434 8,87 0,467 0,999,00 9,039 9,484 0,544 Bond 4,289 3,400 4,567 5,433 5,637 5,867 5,638 5,842 6,273 Money Market 4,940 5,786 5,37 4,995 4,970 4,933 4,746 4,695 4,685 Balanced/Mixed 2,726,826 2,402 2,775 2,942 3,025 2,699 2,737 2,970 Other ,029,070,04,007,034,6 200 Countries Reporting in Every Period 2 25,288 8,899 22,96 24,658 25,573 25,883 23,086 23,750 25,548 Equity,78 6,428 8,863 0,462 0,994 0,995 9,035 9,479 0,539 Bond 4,54 3,394 4,554 5,423 5,626 5,855 5,626 5,830 6,263 Money Market 4,907 5,780 5,305 4,993 4,968 4,932 4,744 4,693 4,683 Balanced/Mixed 2,683,823 2,398 2,770 2,936 3,08 2,693 2,730 2,966 Other ,00,050, ,08,096 Source: National mutual fund associations; EFAMA provides data for all European countries except Russia. Components may not sum to total because of rounding or unclassified funds. 2 Number of countries is 42. Components may not sum to total because of rounding. Table 2 NET SALES, :Q Billions of U.S. dollars ITEM Q Q2 Q3 Q4 Q All Reporting Countries Equity Bond Money Market Balanced/Mixed Other Countries Reporting in Every Period Equity Bond Money Market Balanced/Mixed Other Source: National mutual fund associations; EFAMA provides data for all European countries except Russia. Net sales are new sales plus reinvested dividends less redemptions plus net exchanges. 2 Components may not sum to total because of rounding or unclassified funds. 3 Number of countries is 3. Components may not sum to total because of rounding. Table 3 NUMBER OF FUNDS, :Q End of period ITEM Q Q2 Q3 Q4 Q All Reporting Countries 66,347 68,574 67,55 69,58 70,205 70,875 72,280 72,657 73,343 Equity 27,294 27,854 27,489 27,76 27,868 27,832 28,065 28,09 28,358 Bond 3,342 2,252 2,453 2,808 2,903 2,884 2,947 2,97 3,3 Money Market 3,450 3,700 3,52 3,344 3,302 3,20 3,89 3,59 3,072 Balanced/Mixed 3,744 4,50 4,656 5,893 6,46 6,520 6,79 6,842 7,036 Other 5,69 7,70 6,7 6,858 7,024 7,42 7,738 8,04 8, Countries Reporting in Every Period 2 62,689 66,330 65,237 67,87 67,828 68,496 69,454 69,85 70,538 Equity 24,694 26,08 25,668 25,987 26,42 26,098 26,383 26,47 26,696 Bond 2,884 2,070 2,25 2,598 2,685 2,665 2,728 2,725 2,855 Money Market 3,358 3,659 3,479 3,308 3,264 3,79 3,53 3,25 3,04 Balanced/Mixed 3,449 4,38 4,444 5,74 5,949 6,328 6,597 6,667 6,862 Other 5,406 7,68 6,70 6,68 6,826 7,209 7,536 7,796 7,983 Source: National mutual fund associations; EFAMA provides data for all European countries except Russia. Components may not sum to total because of unclassified funds. 2 Number of countries is 42. 7

8 EFAMA International Statistical Release (202:Q) Table 4 TOTAL NET ASSETS, :Q Billions of euros, end of period ITEM Q Q2 Q3 Q4 Q All Reporting Countries 7,75 3,595 5,933 8,485 8,033 7,94 7,29 8,387 9,59 Equity 8,383 4,623 6,58 7,833 7,742 7,62 6,694 7,329 7,894 Bond 2,94 2,443 3,70 4,066 3,968 4,060 4,75 4,55 4,697 Money Market 3,356 4,58 3,69 3,738 3,498 3,43 3,55 3,629 3,508 Balanced/Mixed,852,32,667 2,077 2,07 2,093,999 2,5 2,224 Other Countries Reporting in Every Period 2 7,78 3,580 5,908 8,454 8,000 7,909 7,097 8,355 9,28 Equity 7,960 4,69 6,52 7,829 7,738 7,608 6,69 7,326 7,89 Bond 2,822 2,439 3,6 4,058 3,960 4,05 4,67 4,506 4,689 Money Market 3,333 4,53 3,682 3,737 3,497 3,42 3,53 3,627 3,507 Balanced/Mixed,823,30,665 2,073 2,066 2,088,994 2,0 2,220 Other Source: National mutual fund associations; EFAMA provides data for all European countries except Russia. Components may not sum to total because of rounding or unclassified funds. 2 Number of countries is 42. Components may not sum to total because of rounding. Table 5 NET SALES, :Q Billions of euros ITEM Q Q2 Q3 Q4 Q All Reporting Countries Equity Bond Money Market Balanced/Mixed Other Countries Reporting in Every Period Equity Bond Money Market Balanced/Mixed Other Source: National mutual fund associations; EFAMA provides data for all European countries except Russia. Net sales are new sales plus reinvested dividends less redemptions plus net exchanges. 2 Components may not sum to total because of rounding or unclassified funds. 3 Number of countries is 3. Components may not sum to total because of rounding. Pour mémoire: Tables -5 exclude funds of funds. 8

9 EFAMA International Statistical Release (202:Q) Table 6 TOTAL NET ASSETS OF THE EUROPEAN INVESTMENT FUND INDUSTRY, End March 202 Overall Fund Industry UCITS Market Non-UCITS Market 2 Number Net assets Number Net assets Number Net assets of funds in mio euro in mio US $ of funds in mio euro in mio US $ of funds in mio euro in mio US $ Austria 2,66 40,934 88,232,360 76,350 0, ,585 86,259 Belgium,898 86,959 6,43,866 80,609 07, ,350 8,48 Bulgaria Czech Republic 4 4,429 5,96 4,342 5, Denmark ,5 95, ,427 94, ,687 0,088 Finland ,97 80, ,680 69, ,237,00 France,790,447,385,933,28 7,70,32,372,52,396 4,089 35,03 420,73 Germany 5,826,85,320,583,3 2,05 238,736 38,856 3, ,584,264,258 Greece 232 6,7 8, ,333 5,787 6,839 2,456 Hungary 355 9,270 2, ,576 8, ,694 3,598 Ireland 5,077,6,422,49,093 3,0 870,723,62,938, , ,56 Italy , , ,29 87, ,789 7,84 Liechtenstein ,08 37, ,28 32, ,736 4,990 Luxembourg 3,343 2,27,206 2,96,300 9,452,863,709 2,489,70 3,89 353, ,3 Malta 54 8,7 0,94 6,748 2, ,424 8,580 Netherlands ,20 89, ,079 73, ,22 6,90 Norway ,499 90, ,499 90, Poland ,3 40, ,73 22, ,400 7,898 Portugal ,79 30, ,004 8, ,75 22,325 Romania 38 3,66 4,829 3,98 2,645 25,635 2,84 Slovakia 8 3,27 4, ,483 3, Slovenia 40,882 2,54 40,882 2, Spain 2,487 58,807 22,02 2,424 53, , ,502 7,348 Sweden 555 6,446 25, ,726 20, ,79 4,968 Switzerland ,07 39, , , ,459 86,09 Turkey 406 9,552 26,4 353,05 4, ,447,282 United Kingdom 2, ,938,8,923 2, , , , ,692 Europe 3 54,22 8,36,57,7,92 36,06 5,960,668 7,965,274 8,20 2,400,904 3,206,647 Source: EFAMA In the sense of publicly offered open-end investment funds (transferable securities and money market instruments), including funds-of-funds assets. 2 In the sense of nationally regulated investment funds for which a classification in terms of market exposure (equity, bond, balanced and money market) is not possible. 3 Data for Russia are not included in this table. 9

10 SUPPLEMENTARY TABLES Table S TOTAL NET ASSETS IN U.S. DOLLARS Millions, end of period COUNTRY Q Q2 Q3 Q4 Q World 8,920,057 22,952,806 24,699,70 25,69,86 25,930,060 23,29,30 23,790,90 25,588,350 Americas 0,58,988 2,585,776 3,586,843 4,074,362 4,78,89 2,854,68 3,524,360 4,537,350 Argentina 3,867 4,470 5,79 6,362 5,756 6,2 6,808 8,36 Brazil 479,32 783, ,448,055,48,04, ,039,008,928,0,92 Canada 46,03 565,56 636,947 68,845 68,374 72, ,606 84,088 Chile 7,587 34,227 38,243 34,226 34,52 33,7 33,425 36,337 Costa Rica,098,309,470,649,57,435,266,5 Mexico 60,435 70,659 98,094 00,349 06,26 90,662 92,743 03,23 Trinidad & Tobago 5,832 5,82 5,793 5,93 5,98 5,989 6,079 United States 9,603,649,20,53,820,650 2,88,720 2,238,206,052,65,62,595 2,456,983 Europe 6,23,6 7,545,535 7,903,389 8,324,648 8,427,566 7,35,432 7,220,298 7,885,304 Austria 93,269 99,628 94,670 98,358 97,494 86,446 8,038 85,73 Belgium 05,057 06,72 96,288 00,387 00,827 86,30 8,505 86,236 Bulgaria Czech Republic 5,260 5,436 5,508 5,886 5,87 4,93 4,445 4,79 Denmark 65,82 83,024 89,800 95,677 96,392 83,893 84,89 93,702 Finland 48,750 66,3 7,20 75,934 75,793 63,422 62,93 69,024 France,59,082,805,64,67,76,700,497,695,270,458,840,382,068,52,396 Germany 237,986 37, ,73 35, , , ,0 38,856 Greece 2,89 2,434 8,627 9,30 8,222 6,399 5,23 5,246 Hungary 9,88,052,532 2,444 2,54 9,532 7,93 7,674 Ireland 720, ,55,04,04,068,445,2,830,09,346,06,05,62,938 Italy 263, , ,33 238, ,042 20,696 80,754 87,277 Liechtenstein 20,489 30,329 35,387 38,027 38,092 34,353 32,606 32,7 Luxembourg,860,763 2,293,973 2,52,874 2,656,42 2,684,903 2,302,232 2,277,465 2,489,70 Malta 2,488 2,432 2,254 2,32 2,335 Netherlands 77,379 95,52 85,924 89,50 9,986 79,5 69,56 73,564 Norway 4,57 7,70 84,505 95,99 98,276 80,497 79,999 90,5 Poland 7,782 23,025 25,595 27,22 27,325 20,38 8,463 22,38 Portugal 3,572 5,808,004,65 0,668 8,354 7,32 7,547 Romania 326,34,73 2,0 2,296 2,502 2,388 2,637 Russia 2,026 3,82 3,97 4,448 4,258 3,59 3,072 3,508 Slovakia 3,84 4,222 4,349 4,563 4,553 3,794 3,9 3,076 Slovenia 2,067 2,60 2,663 2,83 2,820 2,329 2,279 2,474 Spain 270, ,6 26,95 235, ,68 206,35 95, ,754 Sweden 3,33 70, ,449 26,984 25,036 7,403 79,707 98,752 Switzerland 35,052 68,260 26, ,69 299,73 277, 273,06 30,256 Turkey 5,404 9,426 9,545 9,529 8,90 5,609 4,048 4,820 United Kingdom 504,68 729,4 854,43 885, , ,38 86, ,865 Asia and Pacific 2,037,536 2,75,234 3,067,323 3,078,863 3,8,55 2,839,234 2,92,276 3,030,868 Australia 84,33,98,838,455,850,500,345,553,656,362,998,440,28,526,808 China 276,303 38, , , ,75 39, , ,08 India 62,805 30,284,42 98,86 8,992 02,83 87,59 84,044 Japan 575, , , ,658 86,325 75, , ,52 Korea, Rep. of 22, , , , ,40 223, ,76 243,57 New Zealand 0,62 7,657 9,562 20,039 23,455 22,43 23,709 26,846 Pakistan,985 2,224 2,290 2,377 2,597 2,560 2,984 3,49 Philippines,263,488 2,84 2,296 2,365 2,244 2,363 2,737 Taiwan 46,6 58,297 59,032 56,93 60,604 5,829 53,437 57,236 Africa 69,47 06,26 4,65 4,943 43,50 20,467 24,976 34,829 South Africa 69,47 06,26 4,65 4,943 43,50 20,467 24,976 34,829 Note: Components may not sum to total because of rounding. Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA) provides data for all European countries except Russia. Funds of funds are not included, except for France, Germany, Italy, and Luxembourg. Homedomiciled funds, except for Hong Kong, New Zealand and Trinidad & Tobago, which include homeand foreign-domiciled funds. 7/3/202

11 SUPPLEMENTARY TABLES Table S2 TOTAL NET ASSETS IN EUROS Millions, end of period COUNTRY Q Q2 Q3 Q4 Q World 3,594,925 5,932,806 8,484,635 8,033,234 7,940,954 7,29,00 8,386,977 9,58,692 Americas 7,603,643 8,736,48 0,68,270 9,906,639 9,809,859 9,59,490 0,452,399 0,884,509 Argentina 2,779 3,03 3,876 4,478 3,983 4,526 5,262 6,227 Brazil 344,44 544,97 733, , ,56 705, ,757 83,770 Canada 298, , , ,936 47,44 527, , ,530 Chile 2,637 23,759 28,62 24,09 23,630 24,525 25,833 27,206 Costa Rica ,00,6,087, ,32 Mexico 43,426 49,048 73,43 70,634 73,522 67,42 7,677 77,2 Trinidad & Tobago 4,048 4,349 4,077 4,09 4,383 4,628 4,55 United States 6,900,660 7,79,2 8,846,468 8,579,376 8,467,589 8,84,970 8,98,834 9,326,882 Europe 4,477,340 5,237,770 5,94,826 5,859,539 5,83,05 5,47,635 5,580,259 5,903,94 Austria 67,08 69,57 70,850 69,232 67,456 64,020 62,63 64,76 Belgium 75,488 74,08 72,06 70,660 69,762 63,99 62,992 64,567 Bulgaria Czech Republic 3,779 3,774 4,22 4,43 4,062 3,652 3,435 3,587 Denmark 46,836 57,632 67,206 67,345 66,693 62,29 65,609 70,57 Finland 35,029 45,905 53,293 53,448 52,44 46,969 48,066 5,680 France,43,265,253,395,20,280,96,943,72,954,080,382,068,4,32,372 Germany 7, , , , ,337 22,94 226, ,736 Greece 8,758 8,63 6,456 6,547 5,689 4,739 4,029 3,928 Hungary 6,602 7,672 8,63 8,759 8,677 7,060 5,559 5,746 Ireland 57, ,33 758, , , , ,04 870,723 Italy 89,400 93,998 75,358 67,668 6,933 49,37 39,697 40,29 Liechtenstein 4,723 2,053 26,484 26,767 26,356 25,44 25,200 24,047 Luxembourg,337,043,592,373,880,62,869,79,857,679,704,978,760,55,863,709 Malta,75,683,669,648,748 Netherlands 55,600 66,300 64,305 63,004 63,645 58,59 53,448 55,079 Norway 29,573 49,403 63,243 67,566 67,997 59,64 6,828 67,498 Poland 2,777 5,983 9,55 9,60 8,906 5,047 4,269 6,575 Portugal 9,752 0,973 8,235 7,859 7,38 6,87 5,658 5,65 Romania ,282,485,589,853,845,975 Russia,456 2,209 2,932 3,3 2,946 2,339 2,374 2,627 Slovakia 2,760 2,93 3,255 3,22 3,50 2,80 2,466 2,303 Slovenia,485,82,993,980,95,725,76,852 Spain 94,74 87,52 62,337 65,699 62,020 52,792 50,877 53,305 Sweden 8,434 8,98 53,756 52,73 48,783 26,937 38,888 48,8 Switzerland 97,04 6,798 95,998 94, , ,222 2, ,558 Turkey,069 3,484 4,627 3,746 2,586,559 0,857,096 United Kingdom 362, ,37 639, ,08 69,774 58,588 63, ,000 Asia and Pacific,464,062,884,794 2,295,556 2,67,45 2,20,035 2,02,670 2,257,73 2,269,293 Australia 604, ,79,089,545,056,060,074,97,009,404,3,03,43,63 China 98, ,67 273,52 248,54 24, , ,028 25,653 India 45,28 90,437 83,386 69, 82,33 75,674 67,639 62,926 Japan 43, , , , ,84 556, ,075 56,929 Korea, Rep. of 59,5 83,655 99,442 82,998 76,025 65,745 75,29 82,058 New Zealand 7,625 2,257 4,640 4,05 6,229 6,62 8,324 20,0 Pakistan,426,544,73,673,797,896 2,307 2,560 Philippines 908,033,635,66,636,662,827 2,049 Taiwan 33,37 40,467 44,79 40,060 4,932 38,383 4,299 42,854 Africa 49,880 73,76 05,983 99,9 99,045 89,25 96,588 00,950 South Africa 49,880 73,76 05,983 99,9 99,045 89,25 96,588-00,950 Note: Components may not sum to total because of rounding. Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA) provides data for all European countries except Russia. Funds of funds are not included, except for France, Germany, Italy, and Luxembourg. Home-domiciled funds, except for Hong Kong, New Zealand and Trinidad & Tobago, which include home- and foreigndomiciled funds. 7/3/202

12 SUPPLEMENTARY TABLES Table S3 TOTAL NET ASSETS IN LOCAL CURRENCIES Millions, 2 end of period COUNTRY Q Q2 Q3 Q4 Q Americas Argentina 3,355 6,983 20,605 25,775 23,650 25,699 29,276 36,46 Brazil,09,388,367,636,628,88,722,23,727,377,789,67,883,567 2,029,44 Canada 507, , ,673 66, , , ,658 83,030 Chile,229,370 7,368,463 7,897,598 6,34,050 5,956,632 7,22,398 7,366,3 7,745,8 Costa Rica 60,33 739, ,09 827,74 792, , , ,727 Mexico 826,35 925,024,20,495,94,640,244,693,259,956,292,436,32,077 Trinidad & Tobago 36,94 37,95 37,89 37,964 37,878 38,448 39,026 United States 9,603,649,20,53,820,650 2,88,720 2,238,206,052,65,62,595 2,456,983 Europe Austria 67,08 69,57 70,850 69,232 67,456 64,020 62,63 64,76 Belgium 75,488 74,08 72,06 70,660 69,762 63,99 62,992 64,567 Bulgaria Czech Republic 0,569 99,902 03,302 0,677 98,890 90,398 88,584 88,72 Denmark 348, , , ,69 497, , ,747 52,962 Finland 35,029 45,905 53,293 53,448 52,44 46,969 48,066 5,680 France,43,265,253,395,20,280,96,943,72,954,080,382,068,4,32,372 Germany 7, , , , ,337 22,94 226, ,736 Greece 8,758 8,63 6,456 6,547 5,689 4,739 4,029 3,928 Hungary,760,78 2,074,642 2,399,070 2,327,35 2,309,9 2,065,089,748,938,694,425 Ireland 57, ,33 758, , , , ,04 870,723 Italy 89,400 93,998 75,358 67,668 6,933 49,37 39,697 40,29 Liechtenstein 2,863 3,234 33,5 34,80 3,84 30,962 30,633 28,964 Luxembourg,337,043,592,373,880,62,869,79,857,679,704,978,760,55,863,709 Malta,75,683,669,648,748 Netherlands 55,600 66,300 64,305 63,004 63,645 58,59 53,448 55,079 Norway 288,340 40, , , , , ,40 53,258 Poland 53,069 65,60 76,40 76,845 75,442 66,282 63,63 68,824 Portugal 9,752 0,973 8,235 7,859 7,38 6,87 5,658 5,65 Romania 94 3,350 5,479 6,44 6,708 8,43 7,97 8,670 Russia 59,584 95,56 9,66 26,43 8,667 0,667 98,736 02,958 Slovakia 3 83,5 2,93 3,255 3,22 3,50 2,80 2,466 2,303 Slovenia,485,82,993,980,95,725,76,852 Spain 94,74 87,52 62,337 65,699 62,020 52,792 50,877 53,305 Sweden 885,86,2,769,378,503,364,330,364,98,75,86,237,769,36,306 Switzerland 44,06 73, , , ,37 249, ,537 27,685 Turkey 23,784 29,055 30,270 30,69 29,576 29,04 26,526 26,380 United Kingdom 345,4 449, , ,64 559, , ,30 563,76 Asia and Pacific Australia,97,84,335,505,422,657,452,484,449,095,40,703,40,605,475,83 China,886,5 2,602,499 2,4,457 2,3,968 2,254,292 2,04,822 2,34,24 2,6,978 India 3,065,020 6,06,460 4,98,060 4,377,640 5,38,730 5,004,260 4,644,70 4,275,870 Japan 52,47,648 6,455,65 63,720,067 65,3,768 65,763,5 57,888,204 57,327,400 62,94,96 Korea, Rep. of 279,609, ,963, ,072,84 285,85,9 27,620, ,665,2 26,279,66 275,520,66 New Zealand 8,322 24,429 25,073 26,35 28,287 29,46 30,507 32,790 Pakistan 57,05 87,357 96, , , , , ,927 Philippines 60,030 68,666 95,666 99,554 02,594 98,2 03,63 7,440 Taiwan,52,252,864,67,729,582,673,527,740,796,580,00,68,026,688,755 Africa South Africa 66,20 786,7 938,779 96, , ,389,0,053,034,54 - Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA) provides data for all European countries except Russia. Funds of funds are not included, except for France, Germany, Italy, and Luxembourg. Home-domiciled funds, except for Hong Kong, New Zealand and Trinidad & Tobago, which include home- and foreign-domiciled funds. 2 Local currency values for euro-area countries are reported in euros beginning in 999 except for Greece, which adopted the euro in Prior to 2009:Q, data reported in the slovak koruna. Starting in 2009:Q, Slovakia adopted the Euro and data are reported in Euros. 7/3/202

13 SUPPLEMENTARY TABLES Table S4 TOTAL NET ASSETS IN U.S. DOLLARS BY TYPE OF FUND, 202:Q Millions, end of period COUNTRY Total Equity Bond Money Market Balanced/Mixed Other World 25,588,350 0,543,599 6,272,833 4,685,298 2,970,283,6,342 Americas 4,537,350 6,284,930 3,847,605 2,747,28,532,389 25,298 Argentina 8, ,04 2,82,084 Brazil,0,92 09,634 67,755 45, ,532 98,88 Canada 84, ,058 8,234 33, ,586 26,37 Chile 36,337 3,549 9,32 8,790 3, Costa Rica,5 2 67,432 Mexico 03,23 6,05 22,636 63,063,38 Trinidad & Tobago 6, , United States 2,456,983 5,887,20 3,070,244 2,582,45 97,474 Europe 7,885,304 2,686,743 2,3,823,430,93,265, ,706 Austria 85,73 4,446 54,575,529 4,009,54 Belgium 86,236 46,502 2,593 5,975 2,65 Bulgaria Czech Republic 4, ,4 48,394 Denmark 93,702 34,50 54, ,66 Finland 69,024 24,795 9,756 4,07 9,033,334 France,52, ,52 269, ,24 327,962 20,87 Germany 38,856 53,686 73,475 5,432 67,887 8,375 Greece 5,246,392, Hungary 7, ,449 5, Ireland,62,938 30, , ,735 58,545 38,982 Italy 87,277 27,308 70,565 33,38 56,266 Liechtenstein 32,7 4,463 4,000,726 3,83 8,5 Luxembourg 2,489,70 763, , , ,930 60,709 Malta 2, ,803 Netherlands 73,564 35,2 6,292 5,39 7,02 Norway 90,5 47,69 20,707 7,536 3, Poland 22,38 6,222 5,527 4,063 2,865 3,46 Portugal 7,547,47 2,377,27 976,65 Romania 2, , Russia 3,508 2, Slovakia 3, , Slovenia 2,474, Spain 204,754 54,375 92,9 2,370 45,098 Sweden 98,752 3,957 2,30 4,038 38,309 2,37 Switzerland 30,256 97,43 73,632 22,729 07,483 Turkey 4, ,206,33,089 7 United Kingdom 902,865 53,042 88,60 5,822 85,542 92,300 Asia and Pacific 3,030,868,538,950 29, ,854 27, ,894 Australia,526,808 62,494 78,38 30, ,56 China 336,08 80,007 27,429 47,7 8,502 India 84,044 3,35 29,045 5,794 3,94 4,876 Japan 750,52 68,63 08,486 23,862 Korea, Rep. of 243,57 7,67 40,27 56,324 25,922 49,526 New Zealand 26,846 4,085 2,66 3,68 5,30 2,26 Pakistan 3, , Philippines 2, , Taiwan 57,236 20,647 4,20 26,539,2 4,738 Africa 34,829 32,977,878 3,23 44,407 24,445 South Africa 34,829 32,977,878 3,23 44,407 24,445 Note: Components may not sum to total because of rounding or unclassified funds. Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA) provides data for all European countries except Russia. Funds of funds are not included, except for France, Germany, Italy, and Luxembourg. Home-domiciled funds, except for New Zealand and Trinidad & Tobago, which include home- and foreign-domiciled funds. 7/3/202

14 SUPPLEMENTARY TABLES Table S5 TOTAL NET ASSETS IN EUROS BY TYPE OF FUND, 202:Q Millions, end of period COUNTRY Total Equity Bond Money Market Balanced/Mixed Other World 9,58,692 7,894,279 4,696,64 3,508,00 2,223, ,836 Americas 0,884,509 4,705,697 2,880,807 2,056,849,47,34 93,84 Argentina 6, ,005 2,2 82 Brazil 83,770 82, ,530 34,294 79,344 73,56 Canada 609, ,90 88,525 24, ,483 9,569 Chile 27,206 2,658 6,972 4,068 2, Costa Rica, ,072 Mexico 77,2 4,57 6,948 47,27 8,474 Trinidad & Tobago 4, ,000 5 United States 9,326,882 4,407,847 2,298,775,933, ,938 Europe 5,903,94 2,0,637,596,54,070, , ,557 Austria 64,76 0,86 40,862,45 0, Belgium 64,567 34,87 9,429 4,474 5,847 Bulgaria Czech Republic 3, , ,044 Denmark 70,57 25,832 40,83 5 3,490 Finland 5,680 8,565 4,792 0,562 6, France,32, , , , ,554 5,627 Germany 238,736 5,069 55,03 4,067 50,829 3,758 Greece 3,928,042, Hungary 5, ,085 4,3 5 3 Ireland 870, ,82 272, ,554 43,834 29,87 Italy 40,29 20,446 52,834 24,8 42,28 Liechtenstein 24,047 3,342 2,995,293 2,855 3,563 Luxembourg,863,709 57,76 589, , ,94 20,327 Malta, ,350 Netherlands 55,079 26,289 2,98,335 5,257 Norway 67,498 35,707 5,504 3,30 2, Poland 6,575 4,659 4,38 3,042 2,45 2,592 Portugal 5,65,06, ,236 Romania, Russia 2,627, Slovakia 2, , Slovenia,852, Spain 53,305 40,72 69,565 9,262 33,766 Sweden 48,8 98,800 9,27 0,50 28,683,600 Switzerland 225,558 72,936 55,30 7,08 80,476 Turkey, , United Kingdom 676, ,605 40,880 4,359 64,047 69,08 Asia and Pacific 2,269,293,52,254 28, ,033 95, ,62 Australia,43,63 458,59 58, , ,24 China 25,653 34,776 20,537 35,38 6,023 India 62,926 23,32 2,747,825 2,39 3,65 Japan 56, ,836 8,227 7,866 Korea, Rep. of 82,058 53,285 30, 42,7 9,409 37,082 New Zealand 20,0 3,059,62 2,372,456,592 Pakistan 2, , Philippines 2, , Taiwan 42,854 5,459 3,45 9, ,547 Africa 00,950 24,69,406 23,302 33,249 8,302 South Africa 00,950 24,69,406 23,302 33,249 8,302 Note: Components may not sum to total because of rounding or unclassified funds. Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA) provides data for all European countries except Russia. Funds of funds are not included, except for France, Germany, Italy, and Luxembourg. Home-domiciled funds, except for New Zealand and Trinidad & Tobago, which include home- and foreign-domiciled funds. 7/3/202

15 SUPPLEMENTARY TABLES Table S6 TOTAL NET ASSETS IN LOCAL CURRENCIES BY TYPE OF FUND, 202:Q Millions, end of period COUNTRY Total Equity Bond Money Market Balanced/Mixed Other Americas Argentina 36,46,739 7,577 2,353 4,748 Brazil 2,029,44 200,280,28,55 83, ,577 79,369 Canada 83, ,697 8,080 33, ,20 26,03 Chile 7,745,8,733,330 4,547,67 9,75,947,82, ,592 Costa Rica 767,727 6,04 34,49 727,564 Mexico,32,077 78,25 289, ,887 44,992 Trinidad & Tobago 39, ,30 4,385 United States 2,456,983 5,887,20 3,070,244 2,582,45 97,474 Europe Austria 64,76 0,86 40,862,45 0, Belgium 64,567 34,87 9,429 4,474 5,847 Bulgaria Czech Republic 88,72 4,329 39,65 8,93 25,89 Denmark 52,962 92,84 303, ,964 Finland 5,680 8,565 4,792 0,562 6, France,32, , , , ,554 5,627 Germany 238,736 5,069 55,03 4,067 50,829 3,758 Greece 3,928,042, Hungary,694,425 42,84 39,89,22,92 4,98 3,863 Ireland 870, ,82 272, ,554 43,834 29,87 Italy 40,29 20,446 52,834 24,8 42,28 Liechtenstein 28,964 4,025 3,607,557 3,439 6,337 Luxembourg,863,709 57,76 589, , ,94 20,327 Malta, ,350 Netherlands 55,079 26,289 2,98,335 5,257 Norway 53,258 27,520 7,889 99,838 9,30 4,88 Poland 68,824 9,343 7,82 2,630 8,908 0,76 Portugal 5,65,06, ,236 Romania 8, ,536 3, ,323 Russia 02,958 60,656 8,992,254 22,056 Slovakia 2, , Slovenia,852, Spain 53,305 40,72 69,565 9,262 33,766 Sweden,36, ,935 8,529 92, ,78 4,54 Switzerland 27,685 87,85 66,404 20,498 96,933 Turkey 26, ,47 20,70,939,265 United Kingdom 563,76 33,563 7,480 3,635 53,409 57,629 Asia and Pacific Australia,475,83 592,037 75,702 29,367 56,707 China 2,6,978,33,775 72, ,04 53,340 India 4,275,870,584,030,477, ,540 62, ,080 Japan 62,94,96 5,227,96 8,990,270,977,450 Korea, Rep. of 275,520,66 80,639,283 45,569,527 63,820,86 29,372,57 56,8,464 New Zealand 32,790 4,990 2,645 3,869 8,689 2,597 Pakistan 309,927 59,94 6,33 229,353 8,397 5,923 Philippines 7,440 25,320 68,505,349 22,265 Taiwan,688, ,78 23, ,036 32,803 39,795 Africa South Africa,034,54 253,03 4,40 238, ,735 87,563 Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA) provides data for all European countries except Russia. Funds of funds are not included, except for France, Germany, Italy, and Luxembourg. Home-domiciled funds, except for New Zealand and Trinidad & Tobago, which include home- and foreign-domiciled funds. 7/3/202

16 SUPPLEMENTARY TABLES Table S7 NUMBER OF MUTUAL FUNDS End of period COUNTRY Q Q2 Q3 Q4 Q World 68,574 67,55 69,58 70,205 70,875 72,280 72,657 73,343 Americas 6,459 6,953 8,08 8,383 8,494 9,464 9,799 20,393 Argentina Brazil 4,69 4,744 5,68 5,836 5,95 6,308 6,53 6,805 Canada 2,05 2,075 2,7 2,26 2,46 2,660 2,655 2,808 Chile,484,69,92,993 2,052 2,076 2,50 2,220 Costa Rica Mexico Trinidad & Tobago United States 8,022 7,684 7,580 7,63 7,56 7,589 7,637 7,707 Europe 36,322 34,899 35,292 35,36 35,464 35,845 35,73 35,658 Austria,065,06,06,08,02,008, Belgium,828,845,797,787,787,735,723,723 Bulgaria Czech Republic Denmark Finland France 8,30 7,982 7,79 7,799 7,855 7,83 7,744 7,70 Germany,675 2,067 2,06 2,075 2,049 2,023 2,05 2,05 Greece Hungary Ireland 3,097 2,72 2,899 2,962 3,07 3,057 3,085 3,0 Italy Liechtenstein Luxembourg 9,35 9,07 9,353 9,440 9,455 9,485 9,462 9,452 Malta Netherlands Norway Poland Portugal Romania Russia Slovakia Slovenia Spain 2,944 2,588 2,486 2,58 2,522 2,486 2,474 2,424 Sweden Switzerland Turkey United Kingdom 2,37 2,266 2,204 2,00,997,952,94,928 Asia and Pacific 4,909 4,795 5,265 5,527 5,974 6,08 6,98 6,347 Australia China India Japan 3,333 3,656 3,905 3,956 4,025 4,093 4,96 4,247 Korea, Rep. of 9,384 8,703 8,687 8,824 9,0 9,030 9,064 9,06 New Zealand Pakistan Philippines Taiwan Africa South Africa Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA) provides data for all European countries except Russia. Funds of funds are not included, except for France, Germany, Italy, and Luxembourg. Home-domiciled funds, except for Hong Kong, New Zealand and Trinidad & Tobago, which include home- and foreign-domiciled funds. 7/3/202