tailieunhanh - Worldwide Investment Fund Assets and Flows Trends in the Second Quarter 2011

Results obtained from fixed effect and ordinary least squares are indifferent. However, results based on fixed effect model yield more insightful interpretation. The outcomes from fixed effect model help indicating that three determinants affecting mutual fund growth are types of AMCs, Administrative expense ratio, and size of AMCs. Types of AMCs or dummy variables are used to represent distribution channel and parent reputation. Two dummy variables, D1 and D3, representing AMCs with and without association with Thai commercial banks or Thai-owned AMCs attracts new flow leading to net mutual fund growth whereas foreign-owned AMCs have negative growth or lost their. | efama European Find and Asset Management Association International Statistical Release This release and additional tables of international statistics are available on efama s website . org Worldwide Investment Fund Assets and Flows Trends in the Second Quarter 2011 Brussels 20 October 2011. Investment fund assets worldwide remained relatively steady in the second quarter to stand at trillion at end June 2011. Net cash inflows to all funds remained positive in the second quarter amounting to 147 billion compared to 102 billion in net inflows in the first quarter. Long-term funds enjoyed an increase in net cash inflows in the second quarter recording 206 billion in net inflows up from 176 billion of net inflows recorded in the first quarter of the year. Equity funds registered reduced net inflows in the second quarter of 16 billion compared to net inflows of 45 billion in the previous quarter. Net flows into bond funds enjoyed a jump during the quarter to 70 billion compared to 42 billion in the first quarter. In contrast to long-term funds money market funds continued to experience negative net cash flows for the ninth consecutive quarter. Money market funds recorded net outflows of 59 billion slightly lower than the outflows of 74 billion witnessed in the first quarter of 2011. The information presented in this report was compiled by EFAMA and the Investment Company Institute on behalf of the International Investment Funds Association an organization of national investment fund associations. The collection for the second quarter of 2011 contains statistics from 45 countries. Worldwide Investment Fund Assets Trillions of euros end of quarter Including funds of funds. EFAMA International Statistical Release 2011 Q2 On a . dollar-denominated basis and taking into account funds of funds investment fund assets worldwide increased percent in the second quarter of 2011 to US trillion. On a . dollar-denominated basis investment fund assets in