Transactions in shares/units issued by euro area investment funds other than money market funds amounted to EUR 70 billion in the third quarter of 2010, while transactions in shares/units issued by money market funds amounted to EUR 5 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 7.1% in September 2010. For the same period, the annual rate of change of shares/units issued by euro area money market funds was -11.7%.
Regarding the assets of euro area investment funds other than money market funds, the annual growth rate of securities other than shares was 9.5% in September 2010, with transactions amounting to EUR 55 billion during the third quarter. In the case of shares and other equity the corresponding annual growth rate was 4.0%, with third-quarter transactions of EUR 15 billion. For holdings of investment fund shares/units the annual growth rate was 9.7%, with third-quarter transactions of EUR 16 billion.
In terms of the breakdown by investment policy, the annual growth rate of shares/units issued by bond funds was 10.3% in September 2010. Transactions in shares/units issued by bond funds amounted to EUR 41 billion in the third quarter of 2010. The annual growth rate and transactions of equity funds were 2.7% and EUR 7 billion respectively. For mixed funds, the corresponding figures were 7.3% and EUR 23 billion.
Regarding the assets of euro area money market funds, the annual rate of change of securities other than shares was -10.7% in September 2010, with minor transactions close to nil during the third quarter (within this item, the transactions in securities issued by euro area residents were EUR -2 billion); for deposit and loan claims the annual rate of change was -7.8% and transactions equalled EUR 11 billion.
