Net cash flow to all mutual funds worldwide reached $437 billion in 1Q 2006

Mutual fund assets worldwide increased 7.5% to $19.11 trillion at the end of the first quarter of 2006. Net cash flow to all funds worldwide reached $437 billion in the first quarter of 2006. Inflows to long-term funds more than doubled in the first quarter, hitting $409 billion. 

In contrast, first-quarter money market fund inflows dropped by two-thirds to $28 billion because of the drop in U.S. money market fund inflows from their rapid fourth quarter pace.

The largest increase occurred in worldwide assets of equity funds, which reached $9.2 trillion at the end of the first quarter of 2006, growing 10.7% over the quarter. Assets of balanced/mixed funds grew 9.6%, holding $1.7 trillion at the end of the first quarter. Bond and money market fund assets grew more slowly, with bond fund assets up 4.1% and money market fund assets up 1.4%.

By region, 54% of worldwide assets were in the Americas in the first quarter of 2006, 35% were in Europe, and 11% in Africa and Asia/Pacific.

The number of mutual funds worldwide stood at 58,373 at the end of the first quarter of 2006. By type of fund, 41% were equity funds, 23% were bond funds, 20% were balanced/mixed funds, and 6% were money market funds.

Previous: « The Next Growth Frontier - $40 billion opportunity for India by 2020

Next : » RM and HR are Fastest-Growing Enterprise Application Segments at 10%


  ABOUT    CONTACT Metrics 2.0 RSS Feeds RSS   Metrics 2.0 Widgets for your site or blog WIDGETS   ARCHIVES


Enter Email for Daily Feed Delivery: