Transactions in shares/units issued by euro area investment funds other than money market funds amounted to EUR 55 billion in the first quarter of 2011, while transactions in shares/units issued by money market funds amounted to EUR -10 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 4.7% in March 2011. For the same period, the annual rate of change of shares/units issued by euro area money market funds was -7.6%.
Regarding the assets of euro area investment funds other than money market funds, the annual growth rate of securities other than shares was 6.6% in March 2011, with transactions amounting to EUR 25 billion during the first quarter. In the case of shares and other equity the corresponding annual growth rate was 2.4%, with first-quarter transactions of EUR 16 billion. For holdings of investment fund shares/units the annual growth rate was 5.9%, with first-quarter transactions of EUR 6 billion.
In terms of the breakdown by investment policy, the annual growth rate of shares/units issued by bond funds was 6.2% in March 2011. Transactions in shares/units issued by bond funds amounted to EUR 19 billion in the first quarter of 2011. The annual growth rate and transactions of equity funds were 2.3% and EUR 7 billion respectively. For mixed funds, the corresponding figures were 6.3% and EUR 15 billion.
Regarding the assets of euro area money market funds, the annual rate of change of securities other than shares was -7.5% in March 2011, with transactions amounting to EUR 4 billion during the first quarter (within this item, the transactions in securities issued by euro area residents were EUR -5 billion); for deposit and loan claims the annual rate of change was -3.3% and transactions equalled EUR -10 billion.
