The European Fund and Asset Management Association (EFAMA) has published today the 11th edition of its Asset Management Report. The report aims to highlight the fundamental role of asset managers in the financial system and wider economy, channelling savings of European citizens towards investments and putting these savings to work productively for the economy.
The report provides detailed data on the assets under management in Europe, the location of the asset management activity, the clients of the industry, the evolution of the asset allocation, and the contribution of the industry in terms of employment.
Highlights of the report include:
Tanguy van de Werve, Director General of EFAMA, comments:
“This latest edition of EFAMA’s Asset Management Report highlights the important role played by the European asset management industry in managing investments on behalf of European citizens and institutional investors. The observed continuing increase in the share of investment fund assets in the total assets managed in Europe confirms the success of UCITS as a global brand and the quality of the regulatory framework for the management of alternative investment funds (AIFs). The overall ecosystem created to support the operations of UCITS and AIFs on a cross-border basis, including the well-functioning model of delegation and the flexibility offered to outsource back-office functions, has allowed to benefit from the best expertise available and played an essential part in the global acceptance of UCITS and AIFs. Ensuring the continued success of these investment vehicles should be a strategic goal for the new European Commission, and an integral part of the plan to create a well-functioning Capital Markets Union.”