Asset under management of Austrian investment funds rose quarter-on-quarter by 7.4%, or €12.9bn, in Q2 2020 to a total of €187.1bn, according to a report by the Financial Market Authority (FMA).
Assets bounced back in the second quarter from equity losses and outflows caused by the COVID-19 pandemic in the first quarter.
However, asset under management decreased by 4% or -€7.8bn year-to-date. Funds recorded aggregated net inflows of €2.9bn, up €0.7bn, year-to-date.
With regards to investment strategies, assets for mixed investment funds amounted to €82.2bn in June, up 7.5% or €5.7bn, compared to the previous quarter. Fixed income funds’ assets were up 6%, or €3.4bn, compared to the previous quarter to €60.5 billion, while equity funds’ assets rose by 15.6% to €28.2bn, and real estate funds by 1.5% to €9.6bn quarter-on-quarter.
Assets invested in short-term fixed income funds fell by 2% in Q2 to €5.8bn, while sustainable funds saw assets grow by 16.6% in Q2 to €12.4bn.
Austrian investment funds are divided into 913 collective investment schemes (OGAW) and 1,112 alternative investment funds (AIFs). OGAW manage €82.3bn in assets, up 9% quarter-on-quarter, but down 4.6% year-to-date.
AIF manage assets worth €104.9bn, up 6.3% quarter-on-quarter, but down 3.5% year-to-date.
In terms of investment strategy, FMA has disclosed that mixed funds reached a total of 1,116, followed by 436 fixed income funds, 329 equity funds, 54 short-term fixed income funds, 31 private equity funds, 18 real estate funds and 41 fall in other investment categories.
At the end of the first half of the year, 14 capital investment companies (KAG) and 52 alternative investment fund managers (AIFM) were licensed in Austria.
AIFMs are split into 13 capital investment companies and five real estate investment companies (Immo-KAG), each with a license as AIFM, five additional licensed AIFMs and 29 registered AIFMs, compared to 28 in the previous quarter.
The number of foreign funds active in Austria stood at 7,567 for collective investment schemes and 1,568 alternative investment funds.
This means that the number of foreign funds increased by 122 in Q2 and by 277 year-to-date, including an annual growth so far of 152 of collective investment schemes and 125 of alternative investments funds.