ECB's Q2'22 Fund Statistics
The European Central Bank posted a release entitled, "Euro area investment fund statistics: second quarter of 2022," which tells us, "In second quarter of 2022, outstanding amount of shares/units issued by investment funds other than money market funds fell to €14,823 billion, down €1,022 billion on previous quarter. Net redemptions in quarter amounted to €77 billion, with €1,064 billion in gross issues and €1,141 billion in gross redemptions. Outstanding amount of shares/units issued by money market funds rose to €1,363 billion, up €22 billion on previous quarter." The ECB states, "For shares/units issued by money market funds the outstanding amount was €22 billion higher than in the first quarter. This increase was accounted for by €26 billion in other changes (including price changes) and €4 billion in net redemptions of shares/units. The annual growth rate of shares/units issued by money market funds, calculated on the basis of transactions, was -2.8% in the second quarter of 2022." The release also comments, "Within the assets of money market funds, the annual growth rate of debt securities holdings was -8.1% in the second quarter of 2022, with overall net sales amounting to €33 billion, which reflected net sales of €23 billion in debt securities issued by non-euro area residents and net sales of €10 billion in debt securities issued by euro area residents. For deposits and loan claims, the annual growth rate was 13.6% and transactions during the second quarter of 2022 amounted to €23 billion." See also the ECB's "Euro money market statistics: Fourth maintenance period 2022." (Note: For more statistics and information about European money market funds, join us at our upcoming European Money Fund Symposium, which is Sept. 27-28 in Paris, France.)
