As of the end of the first quarter of 2023, Austrian investment funds managed assets of around € 203.6 billion[1]. The amount represents an increase by € 3.4 billion or 1.7% compared with the preceding quarter. In year-on-year comparison however, it decreased by € 16.4 bn or 7.45%. The increase in net asset value during the 1st quarter of 2023 was the result of € 200 million in aggregated net inflows of fund, although the largest proportion (€ 3.2 bn) was due to changes in market values. Broken down by investment strategy as of 31.03.2023, € 93.9 billion (+0.7% compared to the preceding quarter) was managed in mixed funds, € 54.8 billion (+3.9%) in bond funds, € 38.1 billion (+4.5%) in equity funds, € 11.0 billion (-3.0%) in real estate funds, € 4.4 billion (-13.0%) in short-term bond funds, € 1.1 billion (only annual data available) in private equity funds as well as € 0.4 billion (-1.0%) in other funds. In the long-term the Austrian funds market has posted net inflows of funds, especially in the case of mixed funds, as well as real estate funds and equity funds, while pension funds have witnessed outflows. A total volume of € 84.4 billion (+3.4% compared to the preceding quarter) are already managed with a reference to sustainability in accordance with the Sustainable Finance Disclosure Regulation (SFDR), which is the strongest growing market segment. These are the findings of the FMA’s Report on Asset Management for Q1 2023, which was published today.
A wide range on offer – number of Austrian funds increases
As of the reporting date, there were 14 authorised investment fund management companies[2] (KAGs) and 60 alternative investment fund managers[3] (AIFMs), managing 877 Undertakings for Collective Investment in Transferable Securities (UCITS) and 1,207 Alternative Investment Funds (AIFs). Categorised by investment strategy they consist of 1,140 mixed funds, 426 bond funds, 352 equity funds, 48 short-term bond funds, 42 private equity funds, 20 real estate funds as well as 56 other funds. Of these, 550 funds have an SFDR link. The total number of Austrian funds increased by 14 funds compared with the preceding quarter.
As of the end of the first quarter, 8,030 UCITs (+38 compared to the preceding quarter) and 2,743 AIFs (+111 compared to the preceding quarter) from the European Economic Area (EEA) of foreign KAGs and AIFMs had notified about distribution in Austria. Broken down by their country of origin, Luxembourg, Ireland, Germany and France are particularly strongly represented.
The complete “FMA Report on Asset Management for the 1st Quarter of 2023” can be downloaded from the FMA Website (in German only) under https://www.fma.gv.at/investmentfonds-und-verwaltungsgesellschaften/quartalsberichte/
[1] Aggregated volume of funds as Net Asset Value (NAV)
[2] under the Investment Funds Act 2011 (InvFG 2011; Investmentfondsgesetz 2011)
[3] under the Alternative Investment Fund Managers Act (AIFMG)
Journalists may address further enquiries to:
Klaus Grubelnik
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