Transactions in shares/units issued by euro area investment funds other than money market funds amounted to EUR 82 billion in the fourth quarter of 2010, while transactions in shares/units issued by money market funds amounted to EUR -35 billion.
The annual growth rate of shares/units issued by euro area investment funds other than money market funds, calculated on the basis of transactions, was 6.4% in December 2010. For the same period, the annual rate of change of shares/units issued by euro area money market funds was -10.0%.
Regarding the assets of euro area investment funds other than money market funds, the annual growth rate of securities other than shares was 8.6% in December 2010, with transactions amounting to EUR 48 billion during the fourth quarter. In the case of shares and other equity the corresponding annual growth rate was 4.1%, with fourth-quarter transactions of EUR 54 billion. For holdings of investment fund shares/units the annual growth rate was 9.8%, with fourth-quarter transactions of EUR 14 billion.
In terms of the breakdown by investment policy, the annual growth rate of shares/units issued by bond funds was 9.2% in December 2010. Transactions in shares/units issued by bond funds amounted to EUR 13 billion in the fourth quarter of 2010. The annual growth rate and transactions of equity funds were 3.2% and EUR 39 billion respectively. For mixed funds, the corresponding figures were 6.3% and EUR 26 billion.
Regarding the assets of euro area money market funds, the annual rate of change of securities other than shares was -10.2% in December 2010, with transactions amounting to EUR -32 billion during the fourth quarter (within this item, the transactions in securities issued by euro area residents were EUR -27 billion); for deposit and loan claims the annual rate of change was -0.8% and transactions equalled EUR -8 billion.
