Global fund assets amount to €47trn in third quarter

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Global fund assets amount to €47trn in third quarter

Funds' assets under management worldwide increased by 2.1% during the third quarter of the year amounting to €47trn according to the European Fund and Asset Management Association (Efama). Some €169bn of net new money was poured into funds worldwide during the same period, a drop compared to the €193bn recorded in the second quarter. From this amount, €50bn were received by European funds, €119bn by funds in the US and €35bn in Japan. Equity funds recorded net sales of €83bn during t...

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