At the end of the 3rd Quarter of 2021, Austrian funds had a net asset value[1] of € 222.9 billion, an increase of +1.6% or € 3.5 billion compared to the previous quarter. Net asset value has increased by € 20.4 billion or 10.1% within the last year. Most of the increase, of € 11.7 billion is due to a net inflow of funds, with an increase of € 2.9 billion in the last quarter. The remainder is due to profit disbursements and price increases. As of the reporting date, the 14 investment fund management companies[2] (KAGs) and 55 alternative investment fund managers[3] (AIFMs) authorised in Austria, offered a total of 892 undertakings for collective investment in transferable securities (UCITS), as investment funds are called under European law, as well as 1,151 alternative investment funds (AIFs); this was an increase of 18 funds over the preceding quarter, and a year-on-year increase of 25 funds. These findings emerged from the “Q3 2021 Quarterly Report for Asset Management” that was published today by the Austrian Financial Market Authority (FMA).
Growth in all Fund Categories
While all categories of funds registered increases in the net asset value, the increases were significantly higher for mixed funds, equity funds, real estate funds and sustainability funds: the most important fund category remains that of mixed funds with total assets invested of € 101.2 billion (+ € 2.3 billion or + 2.3% compared to the previous quarter, + € 11.3 billion or + 12.6% compared to the previous year); followed by bond funds with € 62.4 billion (+ € 0.2 billion or + 0.3% / + € 0.1 billion or + 0.2%), equity funds with € 41.6 billion (+ € 0.7 billion or + 1.8% / + € 7.9 billion or + 23.3%), real estate funds with € 10.7 billion (+ € 0.3 billion or + 2.4% / + € 0.8 billion or + 8.1%), short-term bond funds with € 5.9 billion (+ 0.8% / + 2.9%), Private Equity Funds with € 0.6 billion as well as other funds with € 0.4 billion. The strong increase that has been observed for years for sustainable funds bearing Austrian EcoLabel 49 (Umweltzeichen 49; UZ49) is particularly striking: during the 3rd quarter they increased by € 1.8 billion or 8.4% to € 23.6 billion compared to the previous quarter; year-on-year the increase was 39.5% or € 6.7 billion.
The number of foreign funds that are offered in Austria also increased during the 3rd quarter: the 7,640 UCITS were 83 more than in the previous quarter, while with 1,833 AIFs there were 134 than in the 2nd quarter. The majority of the providers are from Luxembourg, Ireland, Germany and France.
The full quarterly report can be found (in German only) on the FMA website.
Journalists may address further enquiries to:
Klaus Grubelnik (FMA Media Spokesperson):
+43/(0)1/24959-6006
+43/(0)676 88 249 516
[1] Measured in terms of Net Asset Value (NAV)
[2] under the Investment Funds Act 2011 (InvFG 2011; Investmentfondsgesetz 2011)
[3] under the Alternative Investment Fund Managers Act (AIFMG)