As of 30.06.2019 the Austrian funds industry has € 185.2 bn in funds under management[1], an increase by € 11.5 billion or 6.6% in the first six months of the year; at the reporting date € 105.0 billion was held in Alternative Investment Funds (AIFs), an increase of € 6.9 billion or +7.0% and € 80.2 billion in “Undertakings for Collective Investment in Transferable Securities” (UCITS) an increase of € 4.6 billion or +6.1%. The majority of the increase in assets results from price increases, with € 497 million coming from the subscription of new fund units (net inflow) in this time period. These are the findings of the FMA’s Report on Asset Management for Q2 2019, which was published today.
Moving out of bond funds, into equity, real estate and mixed funds
As of the reporting date of 30.06.2019 14 Austrian investment fund management companies (KAGs) and 50 Alternative Investment Fund Managers (AIFMs) managed a total of 2,065 funds (1,110 AIFs and 955 UCITS), a decrease of 13 from the end of 2018. Broken down by investment strategy there are 1,106 mixed funds, 477 bond funds, 333 equity funds, 60 short-term bond funds, 30 private equity funds, 17 real estate funds as well as 42 other funds. As of the reporting date, assets under management by them stood at: mixed funds € 77.6 billion (+ € 5.5 billion or + 7.6% in H1 2019), bond funds € 61.9 billion (+ € 1.8 billion or +3.0%), equity funds € 29.8 billion (+ € 3.9 billion or +15.0%), real estate funds € 9.1 billion (+ € 0.6 billion or +6.7%), short-term bond funds € 0.6 billion (- € 301 million or – 4.8%), private equity funds € 0.6 billion as well as other funds € 0.4 billion. In the long-term it is observable that investors are investing increasingly in equity, mixed and real estate funds, while at the same time withdrawing from bond funds. Demand is particularly strong for sustainable funds bearing Austrian EcoLabel 49 (Umweltzeichen 49; UZ49), for which the funds managed have increased by € 2.3 billion or 39.5% to € 8.07 billion in the first half of this year alone.
The number of foreign funds notified in Austria for marketing has been increasing constantly for years: While at year-end 2014 there were 6,382 such funds (6,110 UCITS and 272 AIFs) this figure had risen to 8,832 as of 30 June 2019 (7,525 UCITS, 1,307 AIFs). The number of notified foreign funds rose by 366 during the first half of 2019 alone. The most frequent countries of origin are: Germany, Ireland, United Kingdom, France and Luxembourg.
The full quarterly report can be found (in German only) online on the FMA website
Journalists may address further enquiries to:
Klaus Grubelnik
+43/(0)1/24959-6006
+43/ (0) 676 / 88 249 516
[1] Measured in terms of Net Asset Value (NAV)