At the end of the 3rd quarter, Austrian funds collectively managed a total net asset value[1] of approximately € 227.6 bn (+2.2 % or € +4.9 bn in comparison with the previous quarter). This consisted of around € 104.4 bn in 880 undertakings for collective investment in transferable securities (UCITS) (+2.2 %) and € 123.1 bn in 1,206 alternative investment funds (AIFs) (+2.2 %). On a year-to-date (YTD) basis, the total net asset value has increased by 6.7% or € 14.4 bn.
In terms of net amount, the funds posted aggregated outflows of – € 201 mn during the 3rd quarter. Since the start of the year, net inflows of € 779 million have been registered. The outflows during this quarter were driven by equity funds (- € 600 mn; + € 62 mn YTD), real estate funds (- € 343 mn, – € 1.29 bn YTD) and mixed funds (- € 279 mn, – € 317 mn YTD). In contrast, there were net inflows for bond funds (+€ 995 mn, + € 2.32 bn YTD) and other funds (+ € 26.0 mn, + € 8 mn YTD).
The assets managed by Austrian funds is broken down into mixed funds € 104.3bn (+ 2.1 % compared with the previous quarter), bond funds € 62.6 bn (+4.1 %), equity funds € 45.9 bn (+0.4 %), real estate funds € 8.4 bn (-3.6 %), short-term bond funds € 4.7 bn (+9.7 %), private equity funds € 1.3 bn (based on annual data), as well as other funds € 0.4 bn (+8.7 %).
As of 30 September, there were 14 investment fund management companies (KAGs; Kapitalanlagegesellschaften) authorised in Austria under the Investment Fund Act 2011 (InvFG 2011; Investmentfondsgesetz 2011) and 60 alternative investment fund managers (AIFMs) under the Alternative Investment Fund Managers Act (AIFMG). Categorised by investment strategy , the breakdown is of 1,138 mixed funds, 432 bond funds, 353 equity funds, 50 short-term bond funds, 45 private equity funds, 17 real estate funds and 51 other funds. Of these, some 685 are classified as sustainability-related funds under the EU’s Sustainable Finance Disclosure Regulation (SFDR).
As of the reporting date of 30 September, Austrian sustainability-related funds under the SFDR had a total net asset value of € 110.2 billion. This is almost half of the net asset value of all funds in Austria. Compared to the previous quarter, the net asset value of “light green” funds (Article 8 SFDR) increased by +1.9 % to a total of € 107.5 billion. The “dark green” funds (Article 9 SFDR) posted an increase of +3.1 % to € 2.7 billion.
As of the end of the third quarter there were 8,196 UCITs (+39 compared to the preceding quarter) and 3,372 AIFs (+80 compared to the preceding quarter) managed by foreign KAGs and AIFMs that had notified about distribution in Austria. Luxembourg, Ireland, France and Germany are worthy of mention in terms of the proportion of the number of funds distributed on a cross-border basis.
The complete “FMA Report on Asset Management for the 3rd Quarter of 2024” can be downloaded from the FMA Website (in German only) under https://www.fma.gv.at/investmentfonds-und-verwaltungsgesellschaften/quartalsberichte/
Journalists may address further enquiries to:
Boris Gröndahl (FMA Media Spokesperson)
Telephone: +43 (1) 249 59-6010
Mobile: +43 676 8824 9995
E-Mail: [email protected]
[1] Aggregated volume of funds as Net Asset Value (NAV)