Despite prevailing economic turbulence the Austrian fund industry enjoyed another positive period. As of the reporting date of 30 September 2020 Austrian funds had a total net asset value of € 192.6 billion, which constitutes an increase of € 3.4 billion or +1.8% over the corresponding quarter in 2019. The losses sustained during the first half of the year as a result of the COVID-19 pandemic were further made good in the third quarter, with a increase in net asset value of € 5.4 billion or + 2.9% compared with the previous quarter; with € 107.8 billion in alternative investment funds (AIFs), an increase of € 3.0 billion or +2.8% and € 84.8 in undertakings for collective investment in transferable securities (UCITS) and increase of € 2.5 billion or +3.0%. The majority of the recovery in net asset value is attributable to increased prices as well as net inflows of funds during the second and third quarters of 2020. These are the findings of the FMA’s Report on Asset Management for Q3 2020, which was published today.
Increases in equity funds, sustainability funds and mixed funds
As of the reporting date of 30.9.2020, 14 Austrian investment fund management companies (KAGs) and 52 alternative investment fund managers (AIFMs) managed a total of 2,029 funds (1,119 alternative investment funds (AIFs) and 910 undertakings for collective investment in transferable securities (UCITS), an increase of ten compared to the end of 2019. Broken down by investment strategy there are 1,119 mixed funds, 438 bond funds, 334 equity funds, 50 short-term bond funds, 30 private equity funds, 18 real estate funds as well as 40 other funds. As of the reporting date, their net asset value stood at: mixed funds € 84.7 billion (+ € 2.5 billion or + 3.1%), bond funds € 61.8 billion (+ € 1.3 billion or +2.2%), equity funds € 29.7 billion (+ € 1.5 billion or +5.3%), real estate funds € 9.7 billion (+ € 143 million or +1.5%), short-term bond funds € 5.7 billion (- € 62 million or – 1.1%), private equity funds € 0.6 billion as well as other funds € 0.4 billion. Austrian sustainability funds in accordance with EcoLabel 49 with a net asset value of € 13.5 billion (+ € 1.1 billion or +8.5%) were again able to increase particularly strongly and in the meantime constitute approx. 7.0% of the total assets managed by all Austrian funds.
As of 30.09.2020, some 9,179 foreign funds were notified for distribution in Austria, an increase of 312 funds over the comparable period in 2019. Broken down by their country of origin, Luxembourg, Ireland, the United Kingdom, Germany and France are particularly strongly represented.
The full quarterly report can be found (in German only) on the FMA website via this link.