News & Notices RSS

Irish fund assets pass €1 trillion

Posted: 19 January 2012

The assets of Irish domiciled investment funds have reached a record high and passed the €1 trillion mark.  Figures from the Central Bank report that the total Irish domiciled assets hit an all time high of in excess of €1 trillion – up 40% from the end of 2009.

In their monthly statistical update the Central Bank of Ireland reported that the value of Irish domiciled investment funds had reached an all high time of €1,008 billion as at the end of November 2011 – an increase of 40 per cent on the assets held in November 2009, from €711 billion. This milestone is a suitable climax for what has been another exceptional year for the Irish funds industry.

Irish funds also recorded the highest level of net inflows in Europe in the first half of 2011. A report from EFAMA revealed that Ireland saw net inflows of €39 billion in the first six months of 2011 – some €7 billion more than the next closest domicile. This report from EFAMA also noted that Ireland’s UCITS market share has increased to 13 per cent compared to 11.5 per cent at the beginning of 2011. 

The figures from the Central Bank also show that the number of QIFs  has reached an all time high of 1,355 with assets also reaching a new peak, €173 billion in November. Ireland, which already administers nearly 40 per cent of the world’s alternative investments, has seen QIF assets grow in excess of 20 per cent in the last 12 months.

Back to news