- In third quarter of 2020, outstanding amount of other than money market funds rose to 鈧�12,818 billion, up 鈧�336 billion on previous quarter
- in quarter amounted to 鈧�141 billion, with 鈧�965 billion in gross issues and 鈧�825 billion in gross redemptions
- Outstanding amount of rose to 鈧�1,391 billion, up 鈧�28 billion on previous quarter
In the third quarter of 2020, the outstanding amount of other than money market funds stood at 鈧�12,818 billion, 鈧�336 billion higher than in the second quarter (see Chart 1). Net issues during this period were 鈧�141 billion, with gross issues amounting to 鈧�965 billion and gross redemptions to 鈧�825 billion (see Chart 2). The annual growth rate of shares/units issued by investment funds other than money market funds, calculated on the basis of transactions, was 3.2% in the third quarter of 2020.
In terms of the , net issues of shares/units by bond funds amounted to 鈧�63 billion in the third quarter of 2020 (see Chart 3). For equity funds net issues amounted to 鈧�51 billion, while net redemptions by mixed funds amounted to 鈧�2 billion and net issues by real estate, hedge and other funds amounted to 鈧�29 billion.
(ETFs), which are a separate category within total investment funds (see annex below), recorded net issues of 鈧�28 billion in the third quarter of 2020. The outstanding amount of shares/units issued by ETFs stood at 鈧�854 billion.
Within the assets of investment funds other than money market funds, net purchases of amounted to 鈧�71 billion in the third quarter of 2020 (see Chart 4). Net purchases of were 鈧�47 billion, while those of were 鈧�50 billion.
For the outstanding amount was 鈧�28 billion higher than in the second quarter. This increase was accounted for by 鈧�49 billion in net issuance of shares/units and -鈧�21 billion in other changes (including price changes). The annual growth rate of shares/units issued by money market funds, calculated on the basis of transactions, was 15.1% in the third quarter of 2020.
Within the assets of money market funds, the annual growth rate of holdings was 6.0% in the third quarter of 2020, with immaterial net transactions, which reflected net purchases of 鈧�26 billion in debt securities issued by euro area residents and net sales of the same amount in debt securities issued by non-euro area residents. For claims, the annual growth rate was 49.8% and transactions during the third quarter of 2020 amounted to 鈧�53 billion.
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