- In fourth quarter of 2021, outstanding amount of  other than money market funds rose to €16,258 billion, up €691 billion on previous quarter
-  in quarter amounted to €119 billion, with €1,337 billion in gross issues and €1,218 billion in gross redemptions
- Outstanding amount of  rose to €1,452 billion, up €112 billion on previous quarter

In the fourth quarter of 2021, the outstanding amount of  other than money market funds stood at €16,258 billion, €691 billion higher than in the third quarter (see Chart 1). Net issues during this period were €119 billion, with gross issues amounting to €1,337 billion and gross redemptions to €1,218 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 6.6% in the fourth quarter of 2021.

In terms of the , net issues of shares/units by mixed funds amounted to €48 billion in the fourth quarter of 2021 (see Chart 3). For equity funds net issues amounted to €40 billion, while for bond funds net redemptions were €28 billion and for real estate, hedge and other funds net issues amounted to €59 billion.

 (ETFs), which are a separate category within total investment funds (see annex below), recorded net issues of €34 billion in the fourth quarter of 2021. The outstanding amount of shares/units issued by ETFs stood at €1,317 billion.
Within the assets of investment funds other than money market funds, net purchases of  amounted to €75 billion in the fourth quarter of 2021 (see Chart 4). Net purchases of  were €52 billion, while net sales of  were €34 billion.

¹ó´Ç°ùÌý the outstanding amount was €112 billion higher than in the third quarter. This increase was accounted for by €95 billion in net issuance of shares/units and €17 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 -1.4% in the fourth quarter of 2021.
Within the assets of money market funds, the annual growth rate of  holdings was 4.0% in the fourth quarter of 2021, with overall net purchases amounting to €90 billion, which reflected net purchases of €86 billion in debt securities issued by non-euro area residents and net purchases of €4 billion in debt securities issued by euro area residents. ¹ó´Ç°ùÌý claims, the annual growth rate was -15.3% and transactions during the fourth quarter of 2021 amounted to €8 billion.
Statistical Data Warehouse:
ecb.europa.eu




