Halfway through 2021, the investment fund industry has not seen any slowdown. It started the year by breaking the €5trn asset mark in January and has been setting new records month after month.
At the end of June, the amount of assets under management reached €5,487.5bn, an increase of almost 10% in the space of six months. Month-on-month growth was at 2.91%.
Over the last 12 months, the total volume of assets under management has increased by 19.68%, the supervisory authority CSSF said. This comes after the sector by June 2020 had already filled a large part of the hole caused by the spring lockdown, when assets under management dropped by around €500bn.
Of the additional €155.134m in assets, €47.88m are fresh capital, with the other €107.25m as a result of the good health of the financial markets.
This story was first published in French on Paperjam. It has been translated and edited for Delano.