European Asset Management Report
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EFAMA has published a new Report which provides a comprehensive overview of the European asset management industry across the investment funds and discretionary mandates' landscape. The Report focuses on the size of the industry, the location of the activity of asset management, the industry's clients and the asset allocation at the end of 2006.
The following key facts and figures present a snapshot of the Report's main findings:
• At the end of 2006, the European asset management industry managed EUR 13.5 ($22.2) trillion assets, with investment funds and discretionary mandates representing on average 53% and 47% of total assets under management, respectively.
• The United Kingdom, France and Germany together accounted for more than 65% of total assets under management in Europe. Italy and Belgium followed in this ranking.
• Institutional investors represent the largest client category of the European asset management industry. On average, they accounted for 66% of the total AuM at the end of 2006, compared to 34% for retail clients.
• Insurance companies represent the largest institutional client category, accounting for 41% of total AuM for institutional clients in Europe at the end of 2006. Pension funds held the second position in this ranking, with a share of 30%.
• Although there are large differences across countries, on aggregate, the dominant asset classes were bond and equity, with 40% and 39% of total AuM respectively. Discretionary mandates are in general more conservatively invested with relatively higher bond exposure (47%), compared to an average of 42% for investment funds.
Mathias Bauer, President of EFAMA, said: 'The new report published by EFAMA confirms the vital role played by the European asset management industry in servicing investor needs in terms of risk diversification and asset allocation. The industry also contributes to significant employment along the wide value chain associated with asset management, in particular in the area of distribution, accounting, auditing, order processing and research'.
For more details please go to www.efama.org
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