Investment fund assets across the globe dropped 1.3% to €44 trn at the end of the first quarter of 2018, according to the European Fund and Asset Management Association (EFAMA).
However, in US dollar terms, investment fund assets worldwide rose 1.5% to $54trn at the end of the first quarter.
Net inflows into funds worldwide declined 21% to €502bn in the first quarter from €635bn in the fourth quarter of 2017.
Net inflows in Europe and the US were €223bn and €81bn, respectively. China and Japan reported net inflows of €62bn.
Net inflows for long-term funds (excluding money market funds) totalled €490bn at the end of the first quarter of 2018, down 6% from €523bn in the previous quarter.
The study also revealed a fall in the net sales of equity funds, bond funds, balanced/mixed funds, and money market funds.
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By GlobalDataLargest net sales of equity funds and balanced/mixed funds were recorded in Europe. The US recorded the largest net sales of bond funds, while China recorded the largest net sales of money market funds.
Assets of equity funds, bond funds, money market funds, balanced/mixed funds accounted for 41.3%, 20.6%, 11.3%, and 17.5% of all investment fund assets worldwide, respectively, at the end of the first quarter.
The study revealed the US having the largest market share at 45.1%, followed by Europe, Australia, Brazil, China, Japan, Canada, Republic of Korea, India, and South Africa.