In February 2010, the amount outstanding of shares/units issued by euro area investment funds other than money market funds was higher than in January 2010. This was due mainly to increases in share/unit prices and, to a lower extent, to net issues of shares/units.

The amount outstanding of shares/units issued by euro area investment funds other than money market funds increased to EUR 5,051 billion in February 2010, from EUR 4,993 billion in January 20101. Over the same period, the amount outstanding of shares/units issued by euro area money market funds decreased to EUR 1,202 billion from EUR 1,215 billion.

The transactions in shares/units issued by euro area investment funds other than money market funds amounted to EUR 22 billion in February 2010, while the transactions in shares/units issued by money market funds amounted to EUR -17 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 10.5% in February 2010. For the same period, the annual growth rate of shares/units issued by euro area money market funds was -7.8%.

In terms of the breakdown by investment policy, the annual growth rate of shares/units issued by bond funds was 13.7% in February 2010. The transactions in shares/units issued by bond funds amounted to EUR 14 billion in February 2010. The respective annual growth rate and transactions of equity funds were 15.9% and EUR 4 billion. For mixed funds the corresponding figures were 3.8% and EUR 3 billion.