Germany is the largest fund market within Europe
- More than half of the fund assets of private investors in the EU originate from Germany and Italy
- Germany and Italy are the most attractive markets for foreign fund companies
According to the European Central Bank, private and institutional investors in the European Union and in the United Kingdom have invested totalling EUR 13.6 trillion in investment funds. With assets to the tune of EUR 3.2 trillion, Germany is the largest market for UCITS and AIFs. This equates to a share of 23 per cent. The UK and France account for 14 per cent each, the Netherlands for ten per cent and Italy for nine percent.
Based on reports from custodians and fund companies to central banks, the ECB statistics only include fund assets held by investors in the EU and in the UK. While funds launched in Europe have net assets totalling EUR 19 trillion, more than EUR 5 trillion is made up by funds launched particularly in Luxembourg or Ireland that are sold in other regions of the world, in Asia for example.
Germany and Italy are the largest markets for private investors in the EU
ECB statistics show that three quarters of fund assets in the EU are held by institutional investors such as pension schemes and insurance companies. Fund assets held directly by private investors amount to EUR 3 trillion. Of this, EUR 830 billion originates from Germany, Euro 690 billion from Italy, EUR 350 billion from Spain and EUR 300 billion from France.
The attractiveness of the German and Italian fund markets for foreign fund companies becomes even clearer when looking at cross-border business. Of the fund assets launched abroad and held by private investors (EUR 1.3 trillion), a total of 68 percent is attributable to Germany and Italy.