- In first quarter of 2021, outstanding amount of聽聽other than money market funds rose to 鈧�14,447 billion, up 鈧�710 billion on previous quarter
- 聽in quarter amounted to 鈧�290 billion, with 鈧�1,407 billion in gross issues and 鈧�1,117 billion in gross redemptions
- Outstanding amount of聽聽fell to 鈧�1,367 billion, down 鈧�49 billion on previous quarter
In the first quarter of 2021, the outstanding amount of聽聽other than money market funds stood at 鈧�14,447 billion, 鈧�710 billion higher than in the fourth quarter of 2020 (see Chart 1). Net issues during this period were 鈧�290 billion, with gross issues amounting to 鈧�1,407 billion and gross redemptions to 鈧�1,117 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 7.2% in the first quarter of 2021.
In terms of the聽, net issues of shares/units by equity funds amounted to 鈧�155 billion in the first quarter of 2021 (see Chart 3). For bond funds the figure was 鈧�55 billion, while for mixed funds it was 鈧�39 billion and for real estate, hedge and other funds it was 鈧�42 billion.
聽(ETFs), which are a separate category within total investment funds (see annex below), recorded net issues of 鈧�50 billion in the first quarter of 2021. The outstanding amount of shares/units issued by ETFs stood at 鈧�1,073 billion.
Within the聽assets of investment funds other than money market funds, net purchases of聽聽amounted to 鈧�147 billion in the first quarter of 2021 (see Chart 4). Net purchases of聽聽were 鈧�68 billion, while those of聽聽were 鈧�18 billion.
贵辞谤听聽the outstanding amount was 鈧�49 billion lower than in the fourth quarter of 2020. This decrease was accounted for by 鈧�85 billion in net redemptions of shares/units, which were partly offset by 鈧�35 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 11.2% in the first quarter of 2021.
Within the聽assets of money market funds, the annual growth rate of聽聽holdings was 18.6% in the first quarter of 2021, with overall net sales amounting to 鈧�25 billion, which reflected net sales of 鈧�28 billion in debt securities issued by euro area residents and net purchases of 鈧�3 billion in debt securities issued by non-euro area residents. 贵辞谤听聽claims, the annual growth rate was -6.9% and transactions during the first quarter of 2021 amounted to -鈧�59 billion.
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