INTERNATIONAL INVESTMENT FUNDS
ASSOCIATION
INTERNATIONAL DATA EXCHANGE
WORLDWIDE ASSETS, FLOWS, AND NUMBER OF INVESTMENT FUNDS
2005: Q4
Prepared by: Contact:
Investment Company Institute Annalisa Abate
1401 H Street , NW (202) 326-5958
Washington, DC 20005, U.S.A. aabate@ici.org
All data contained in the release for the internal use of the associations participating in the
International Data Exchange and their member organizations. The statistical release and data
series may not be distributed to any other party. For further information, contact Sarah Holden at the
Investment Company Institute at (202) 326-5915 or sholden@ici.org.
5/5/2006
Title U.S. Dollars Euro Local Currency
TOTAL NET ASSETS
Total Net Assets by Type of Fund Table 1 Table 9 Table 17
Total Net Assets of Domestic and Foreign/International
Equity, Bond, and Money Market Funds Table 2 Table 10 Table 18
TOTAL SALES
Total Sales by Type of Fund Table 3 Table 11 Table 19
Total Sales of Domestic and Foreign/International
Equity, Bond, and Money Market Funds Table 4 Table 12 Table 20
TOTAL REDEMPTIONS
Total Redemptions by Type of Fund Table 5 Table 13 Table 21
Total Redemptions of Domestic and Foreign/International
Equity, Bond, and Money Market Funds Table 6 Table 14 Table 22
TOTAL NET SALES
Total Net Sales by Type of Fund Table 7 Table 15 Table 23
Total Net Sales of Domestic and Foreign/International
Equity, Bond, and Money Market Funds Table 8 Table 16 Table 24
NUMBER of FUNDS
Number of Funds by Type of Fund Table 25
Number of Domestic and Foreign/International
Equity, Bond, and Money Market Funds Table 26
EXCHANGE RATES
Exchange Rates by Country E.1
DEFINITIONS of TERMS and CLASSIFICATIONS
Definitions of Types of Funds D.1
Definitions of Domestic Funds and Foreign/International Funds D.2
Domicile of Funds and Source of Assets D.3
Treatment of Share Classes, Master-Feeder Structures, and
Umbrella Funds In Counting Number of Funds D.4
Table of Contents
Table 1
TOTAL NET ASSETS BY TYPE OF FUND,1 2005:Q4
Millions of U.S. dollars, end of quarter2
Balanced/ Money Other Sector Funds of
Total Equity3 Bond3 Mixed3 Market3 Funds3 Equity3,4 Funds3,5
World 17,771,366 8,333,015 3,447,531 1,568,378 3,364,442 511,762 329,787 641,086
Americas 9,764,271 5,191,164 1,672,964 730,660 2,098,274 71,211 228,490 483,729
Argentina 3,626 1,617 722 139 1,149 0 0 0
Brazil 302,927 21,919 212,134 55,661 8,688 4,526 67 177,510
Canada 490,518 219,144 59,094 106,274 39,946 66,061 0 0
Chile 13,969 1,719 3,893 1,220 6,513 624 0 0
Costa Rica 804 2 278 0 524 0 0 0
Mexico 47,253 6,743 39,530 63 917 0 0 204
United States 8,905,174 4,940,021 1,357,312 567,304 2,040,537 0 228,423 306,016
Europe 6,002,249 2,152,801 1,403,334 751,223 993,395 155,257 69,061 92,279
Austria 109,002 19,339 64,589 10,459 13,931 687 0 18,360
Belgium 115,314 71,327 13,261 27,552 3,151 24 6,449 14,264
Czech Republic 5,331 317 1,087 892 2,945 91 66 247
Denmark 75,199 29,432 44,118 1,650 0 0 1,208 0
Finland 45,415 17,622 10,413 4,084 12,727 570 0 0
France 1,362,671 393,666 213,526 295,987 459,493 0 0 0
Germany 296,787 142,012 92,665 22,338 37,589 2,182 9,722 12,725
Greece 32,011 7,071 16,018 3,094 5,827 0 0 954
Hungary 6,068 589 2,603 92 2,751 33 28 390
Ireland 546,242 0 0 0 0 0 0 0
Italy 450,514 92,680 172,314 101,103 84,418 0 3,993 0
Liechtenstein 13,970 6,312 4,298 817 2,544 0 715 1,111
Luxembourg6 1,635,785 635,585 515,997 113,771 237,235 133,196 0 0
Netherlands 94,357 46,210 19,603 12,803 1,598 14,142 0 0
Norway7 40,122 21,523 5,168 1,590 11,753 88 951 0
Poland 17,652 2,208 4,853 8,121 2,470 0 3 61
Portugal 28,801 2,599 13,194 1,268 10,381 1,359 171 2,116
Romania 109 23 16 35 35 0 0 0
Russia 2,417 1,555 318 534 10 0 0 5
Slovakia 3,035 111 1,203 232 1,488 0 0 161
Spain 316,864 110,245 87,017 55,367 64,236 0 0 0
Sweden 119,059 83,375 6,897 18,809 7,093 2,885 8,948 3,378
Switzerland 116,669 46,715 33,505 24,308 12,141 0 13,729 2,223
Turkey 21,749 766 3,704 2,417 14,862 0 24 0
United Kingdom 547,103 421,519 76,965 43,900 4,718 0 23,053 36,283
Asia and Pacific 1,939,251 967,749 367,124 74,696 254,510 275,171 31,569 56,148
Australia 700,068 272,267 58,021 0 121,643 248,137 0 0
Hong Kong 460,517 295,420 108,714 24,858 27,822 3,703 25,197 0
India 40,546 14,396 9,008 1,352 14,364 1,425 0 227
Japan 470,044 346,743 97,652 0 25,649 0 3,444 50,133
Korea, Rep. of 198,994 25,919 50,923 42,037 64,204 15,911 0 3,316
New Zealand 10,332 1,574 1,010 3,404 825 3,520 0 0
Philippines 1,449 35 1,330 64 2 19 0 0
Taiwan 57,301 11,395 40,467 2,982 0 2,456 2,928 2,472
Africa 65,594 21,301 4,109 11,798 18,263 10,122 667 8,930
South Africa 65,594 21,301 4,109 11,798 18,263 10,122 667 8,930
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero indicates an amount that is less than 0.500 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 Foreign exchange rates used to convert local currencies to U.S. dollars are in Table E.1.
3 See Tables D.1-D.4 for definitions.
4 Sector equity is included in equity and in total.
5 Funds of funds are not included in total, except for France, Italy and Luxembourg.
6 Total net assets data for Other Funds includes UCITS and Non-UCITS.
7 Funds of funds last reported 09/30/2003. As of that date, fund of funds assets were $824 million.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
MEMO:
Table 2
TOTAL NET ASSETS OF DOMESTIC AND FOREIGN/INTERNATIONAL
EQUITY, BOND, AND MONEY MARKET FUNDS,1 2005:Q4
Millions of U.S. dollars, end of quarter2
Foreign/ Foreign/ Foreign/
Domestic International Domestic International Domestic International
World 4,815,476 2,262,944 2,345,912 410,348 2,922,832 53,994
Americas 4,166,034 1,025,130 1,597,663 75,300 2,095,454 2,819
Argentina 1,617 0 722 0 1,149 0
Brazil 21,919 0 210,851 1,284 8,688 0
Canada 114,797 104,347 53,613 5,481 38,280 1,666
Chile 1,333 386 2,628 1,265 5,390 1,123
Costa Rica 0 2 250 28 524 0
Mexico 5,925 818 17,646 21,885 887 30
United States 4,020,444 919,577 1,311,953 45,358 2,040,537 0
Europe 581,654 935,563 644,076 223,660 729,268 23,804
Austria 1,352 17,986 34,925 29,664 10,338 3,593
Belgium 4,988 66,339 11,609 1,652 1,836 1,315
Czech Republic 19 298 130 956 192 2,752
Denmark 4,452 24,980 25,854 18,264 0 0
Finland 3,287 14,336 6,454 3,960 12,715 12
France 158,198 235,468 147,698 65,827 457,370 2,123
Germany 35,866 106,146 75,225 17,441 36,549 1,039
Greece 5,876 1,195 5,882 10,136 3,144 2,683
Hungary 112 477 2,584 19 2,751 0
Ireland 0 0 0 0 0 0
Italy 15,787 76,893 132,842 39,473 84,372 45
Liechtenstein 39 6,272 1,680 2,619 1,769 775
Luxembourg 0 0 0 0 0 0
Netherlands 8,114 38,096 0 0 0 0
Norway 7,147 14,375 4,013 1,154 11,712 41
Poland 1,972 237 3,543 1,310 2,470 0
Portugal 964 1,635 12,757 436 10,381 0
Romania 23 0 16 0 35 0
Russia 1,555 0 318 0 10 0
Slovakia 0 111 884 320 0 0
Spain 44,518 65,727 83,896 3,121 64,236 0
Sweden 23,059 60,316 6,390 507 6,831 262
Switzerland 22,519 24,197 13,279 20,225 2,978 9,163
Turkey 766 0 3,704 0 14,862 0
United Kingdom 241,041 180,479 70,390 6,576 4,718 0
Asia and Pacific 48,714 300,025 100,314 111,138 79,847 27,370
Australia 0 0 0 0 0 0
Hong Kong 1,199 294,221 0 108,714 452 27,370
India 14,396 0 9,008 0 14,364 0
Japan 0 0 0 0 0 0
Korea, Rep. of 25,252 667 49,409 1,514 64,204 0
New Zealand 423 1,151 897 113 825 0
Philippines 35 0 1,330 0 2 0
Taiwan 7,410 3,985 39,670 797 0 0
Africa 19,074 2,227 3,859 250 18,263 0
South Africa 19,074 2,227 3,859 250 18,263 0
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero indicates an amount
that is less than 0.500 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 Foreign exchange rates used to convert local currencies to U.S. dollars are in Table E.1.
3 See Tables D.1-D.4 for definitions.
4 Sector equity, reported in a separate memoranda column in Table 1, is included in domestic and foreign/international equity.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
EQUITY3,4 BOND3 MONEY MARKET3
Table 3
TOTAL SALES BY TYPE OF FUND,1 2005:Q4
Millions of U.S. dollars2
Balanced/ Money Other Sector Funds of
Total Equity3 Bond3 Mixed3 Market3 Funds3 Equity3,4 Funds3,5
World 5,654,881 633,593 528,503 97,722 4,342,084 52,978 30,628 68,696
Americas 4,335,230 367,151 158,695 39,178 3,766,139 4,068 21,651 48,769
Argentina 0 0 0 0 0 0 0 0
Brazil 0 0 0 0 0 0 0 0
Canada 38,297 10,718 4,779 7,526 11,206 4,068 0 0
Chile 0 0 0 0 0 0 0 0
Costa Rica 0 0 0 0 0 0 0 0
Mexico 41,253 980 38,638 12 1,622 0 0 30
United States 4,255,681 355,453 115,278 31,640 3,753,311 0 21,651 48,739
Europe 765,678 180,929 147,869 40,312 357,446 39,119 6,958 4,731
Austria 0 0 0 0 0 0 0 0
Belgium 0 0 0 0 0 0 0 0
Czech Republic 474 59 71 84 260 0 5 78
Denmark 6,167 2,543 2,441 1,183 0 0 15 0
Finland 0 0 0 0 0 0 0 0
France 0 0 0 0 0 0 0 0
Germany 0 0 0 0 0 0 0 0
Greece 0 0 0 0 0 0 0 0
Hungary 0 0 0 0 0 0 0 0
Ireland 0 0 0 0 0 0 0 0
Italy 50,127 9,039 16,377 11,322 13,387 0 298 0
Liechtenstein 1,406 412 320 102 572 0 78 132
Luxembourg6 567,244 115,215 88,069 18,333 307,319 38,307 0 0
Netherlands 0 0 0 0 0 0 0 0
Norway 10,908 2,971 1,682 429 5,781 44 241 0
Poland 0 0 0 0 0 0 0 0
Portugal 5,360 398 1,335 139 3,289 198 15 543
Romania 41 9 9 9 14 0 0 0
Russia 0 0 0 0 0 0 0 0
Slovakia 0 0 0 0 0 0 0 0
Spain 51,056 12,893 19,965 4,123 14,074 0 0 0
Sweden 10,203 4,920 1,420 1,083 2,210 570 357 1,134
Switzerland 23,177 3,612 9,640 981 8,943 0 2,108 197
Turkey 0 0 0 0 0 0 0 0
United Kingdom 39,516 28,857 6,540 2,524 1,596 0 3,840 2,648
Asia and Pacific 539,382 83,972 221,547 16,289 210,492 7,083 2,004 14,256
Australia 0 0 0 0 0 0 0 0
Hong Kong 3,298 2,477 338 112 127 245 381 39
India 57,584 3,488 7,858 286 45,718 235 0 98
Japan 234,767 63,115 169,030 0 2,622 0 1,288 12,249
Korea, Rep. of 207,284 12,362 11,393 15,130 162,026 6,374 0 527
New Zealand 0 0 0 0 0 0 0 0
Philippines 50 1 38 3 0 8 0 0
Taiwan 36,399 2,529 32,891 759 0 221 335 1,343
Africa 14,591 1,541 391 1,943 8,008 2,708 15 940
South Africa 14,591 1,541 391 1,943 8,008 2,708 15 940
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero indicates an amount that is less than 0.500 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 Foreign exchange rates used to convert local currencies to U.S. dollars are in Table E.1.
3 See Tables D.1-D.4 for definitions.
4 Sector equity is included in equity and in total.
5 Funds of funds are not included in total, except for Italy and Luxembourg.
6 Sales data for Other Funds includes UCITS and Non-UCITS.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
MEMO:
Table 4
TOTAL SALES OF DOMESTIC AND FOREIGN/INTERNATIONAL
EQUITY, BOND, AND MONEY MARKET FUNDS,1 2005:Q4
Millions of U.S. dollars2
Foreign/ Foreign/ Foreign/
Domestic International Domestic International Domestic International
World 300,877 142,027 169,156 31,062 3,981,214 691
Americas 273,218 93,933 128,392 30,302 3,765,448 691
Argentina 0 0 0 0 0 0
Brazil 0 0 0 0 0 0
Canada 5,464 5,254 4,378 400 10,579 627
Chile 0 0 0 0 0 0
Costa Rica 0 0 0 0 0 0
Mexico 478 502 14,724 23,914 1,559 64
United States 267,276 88,177 109,290 5,988 3,753,311 0
Europe 21,208 44,509 9 0 14 0
Austria 0 0 0 0 0 0
Belgium 0 0 0 0 0 0
Czech Republic 3 56 0 0 0 0
Denmark 191 2,352 0 0 0 0
Finland 0 0 0 0 0 0
France 0 0 0 0 0 0
Germany 0 0 0 0 0 0
Greece 0 0 0 0 0 0
Hungary 0 0 0 0 0 0
Ireland 0 0 0 0 0 0
Italy 966 8,073 0 0 0 0
Liechtenstein 0 412 0 0 0 0
Luxembourg 0 0 0 0 0 0
Netherlands 0 0 0 0 0 0
Norway 780 2,191 0 0 0 0
Poland 0 0 0 0 0 0
Portugal 67 333 0 0 0 0
Romania 9 0 9 0 14 0
Russia 0 0 0 0 0 0
Slovakia 0 0 0 0 0 0
Spain 2,856 10,038 0 0 0 0
Sweden 1,216 3,705 0 0 0 0
Switzerland 1,395 2,218 0 0 0 0
Turkey 0 0 0 0 0 0
United Kingdom 13,726 15,131 0 0 0 0
Asia and Pacific 5,022 3,472 40,372 753 207,744 0
Australia 0 0 0 0 0 0
Hong Kong 60 2,418 0 338 0 0
India 3,488 0 7,858 0 45,718 0
Japan 0 0 0 0 0 0
Korea, Rep. of 0 0 0 0 162,026 0
New Zealand 0 0 0 0 0 0
Philippines 1 0 38 0 0 0
Taiwan 1,474 1,054 32,476 415 0 0
Africa 1,429 112 383 7 8,008 0
South Africa 1,429 112 383 7 8,008 0
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero indicates an amount
that is less than 0.500 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 Foreign exchange rates used to convert local currencies to U.S. dollars are in Table E.1.
3 See Tables D.1-D.4 for definitions.
4 Sector equity, reported in a separate memoranda column in Table 3, is included in domestic and foreign/international equity.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
EQUITY3,4 BOND3 MONEY MARKET3
Table 5
TOTAL REDEMPTIONS BY TYPE OF FUND,1 2005:Q4
Millions of U.S. dollars2
Balanced/ Money Other Sector Funds of
Total Equity3 Bond3 Mixed3 Market3 Funds3 Equity3,4 Funds3,5
World 5,324,535 484,104 499,482 69,475 4,241,065 30,409 28,382 23,397
Americas 4,131,311 299,635 143,899 29,271 3,656,515 1,990 22,807 15,671
Argentina 0 0 0 0 0 0 0 0
Brazil 0 0 0 0 0 0 0 0
Canada 26,460 8,003 2,194 3,179 11,095 1,990 0 0
Chile 0 0 0 0 0 0 0 0
Costa Rica 0 0 0 0 0 0 0 0
Mexico 39,438 822 37,105 17 1,494 0 0 21
United States 4,065,412 290,810 104,600 26,075 3,643,927 0 22,807 15,650
Europe 668,417 136,757 125,817 25,682 359,519 20,644 3,537 1,411
Austria 0 0 0 0 0 0 0 0
Belgium 0 0 0 0 0 0 0 0
Czech Republic 373 29 71 37 237 0 1 4
Denmark 2,553 815 1,672 67 0 0 45 0
Finland 0 0 0 0 0 0 0 0
France 0 0 0 0 0 0 0 0
Germany 0 0 0 0 0 0 0 0
Greece 0 0 0 0 0 0 0 0
Hungary 0 0 0 0 0 0 0 0
Ireland 0 0 0 0 0 0 0 0
Italy 57,996 10,753 23,984 7,419 15,840 0 477 0
Liechtenstein 1,038 336 137 68 497 0 84 96
Luxembourg6 493,225 79,168 69,650 13,478 310,599 20,331 0 0
Netherlands 0 0 0 0 0 0 0 0
Norway 5,316 2,429 598 158 2,120 11 261 0
Poland 0 0 0 0 0 0 0 0
Portugal 5,179 341 1,500 44 3,257 37 17 115
Romania 26 3 6 1 17 0 0 0
Russia 0 0 0 0 0 0 0 0
Slovakia 0 0 0 0 0 0 0 0
Spain 47,286 9,041 21,851 2,153 14,242 0 0 0
Sweden 8,990 5,241 1,109 475 1,901 264 484 83
Switzerland 14,503 3,671 869 620 9,343 0 1,212 94
Turkey 0 0 0 0 0 0 0 0
United Kingdom 31,930 24,932 4,369 1,162 1,466 0 956 1,019
Asia and Pacific 512,014 46,215 229,445 13,719 216,814 5,821 2,017 5,761
Australia 0 0 0 0 0 0 0 0
Hong Kong 4,042 2,273 327 139 244 1,059 211 38
India 60,137 2,598 9,149 176 48,042 172 0 51
Japan 201,713 34,812 163,306 0 3,596 0 1,284 4,103
Korea, Rep. of 200,084 3,239 16,491 11,486 164,933 3,935 0 811
New Zealand 0 0 0 0 0 0 0 0
Philippines 63 0 61 1 0 0 0 0
Taiwan 45,975 3,292 40,110 1,916 0 655 522 758
Africa 12,794 1,497 321 803 8,217 1,955 20 554
South Africa 12,794 1,497 321 803 8,217 1,955 20 554
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero indicates an amount that is less than 0.500 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 Foreign exchange rates used to convert local currencies to U.S. dollars are in Table E.1.
3 See Tables D.1-D.4 for definitions.
4 Sector equity is included in equity and in total.
5 Funds of funds are not included in total, except for Italy and Luxembourg.
6 Redemption data for Other Funds includes UCITS and Non-UCITS.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
MEMO:
Table 6
TOTAL REDEMPTIONS OF DOMESTIC AND FOREIGN/INTERNATIONAL
EQUITY, BOND, AND MONEY MARKET FUNDS,1 2005:Q4
Millions of U.S. dollars2
Foreign/ Foreign/ Foreign/
Domestic International Domestic International Domestic International
World 277,438 89,448 164,344 29,530 3,877,120 604
Americas 249,042 50,594 115,170 28,730 3,655,911 604
Argentina 0 0 0 0 0 0
Brazil 0 0 0 0 0 0
Canada 3,723 4,280 1,892 302 10,552 543
Chile 0 0 0 0 0 0
Costa Rica 0 0 0 0 0 0
Mexico 365 457 14,194 22,911 1,432 62
United States 244,954 45,857 99,083 5,517 3,643,927 0
Europe 21,894 35,694 6 0 17 0
Austria 0 0 0 0 0 0
Belgium 0 0 0 0 0 0
Czech Republic 1 28 0 0 0 0
Denmark 163 652 0 0 0 0
Finland 0 0 0 0 0 0
France 0 0 0 0 0 0
Germany 0 0 0 0 0 0
Greece 0 0 0 0 0 0
Hungary 0 0 0 0 0 0
Ireland 0 0 0 0 0 0
Italy 1,886 8,867 0 0 0 0
Liechtenstein 2 334 0 0 0 0
Luxembourg 0 0 0 0 0 0
Netherlands 0 0 0 0 0 0
Norway 1,089 1,341 0 0 0 0
Poland 0 0 0 0 0 0
Portugal 97 244 0 0 0 0
Romania 3 0 6 0 17 0
Russia 0 0 0 0 0 0
Slovakia 0 0 0 0 0 0
Spain 2,851 6,189 0 0 0 0
Sweden 1,337 3,904 0 0 0 0
Switzerland 1,878 1,793 0 0 0 0
Turkey 0 0 0 0 0 0
United Kingdom 12,588 12,344 0 0 0 0
Asia and Pacific 5,138 3,026 48,863 785 212,975 0
Australia 0 0 0 0 0 0
Hong Kong 56 2,218 0 327 0 0
India 2,598 0 9,149 0 48,042 0
Japan 0 0 0 0 0 0
Korea, Rep. of 0 0 0 0 164,933 0
New Zealand 0 0 0 0 0 0
Philippines 0 0 61 0 0 0
Taiwan 2,483 809 39,652 458 0 0
Africa 1,365 133 306 15 8,217 0
South Africa 1,365 133 306 15 8,217 0
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero indicates an amount
that is less than 0.500 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 Foreign exchange rates used to convert local currencies to U.S. dollars are in Table E.1.
3 See Tables D.1-D.4 for definitions.
4 Sector equity, reported in a separate memoranda column in Table 5, is included in domestic and foreign/international equity.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
MONEY MARKET3BOND3EQUITY3,4
Table 7
TOTAL NET SALES BY TYPE OF FUND,1 2005:Q4
Millions of U.S. dollars2
Balanced/ Money Other Sector Funds of
Total Equity3 Bond3 Mixed3 Market3 Funds3 Equity3,4 Funds3,5
World 287,086 162,910 -14,028 34,745 81,379 22,075 1,787 47,268
Americas 203,700 68,019 13,249 11,887 108,506 2,037 -1,155 33,098
Argentina 0 0 0 0 0 0 0 0
Brazil -219 504 -1,546 1,981 -1,117 -41 1 0
Canada 11,835 2,715 2,584 4,346 111 2,078 0 0
Chile 0 0 0 0 0 0 0 0
Costa Rica 0 0 0 0 0 0 0 0
Mexico 1,814 157 1,533 -5 129 0 0 10
United States 190,270 64,643 10,678 5,564 109,384 0 -1,156 33,088
Europe 54,365 57,128 -19,465 19,226 -20,649 18,122 2,960 5,290
Austria 3,684 292 2,265 1,394 -417 150 0 395
Belgium 0 0 0 0 0 0 0 0
Czech Republic 101 30 0 47 23 0 3 74
Denmark 3,613 1,728 769 1,116 0 0 -30 0
Finland -418 395 534 150 -1,412 -86 0 0
France -41,356 9,983 -44,208 2,377 -9,507 0 0 0
Germany -1,240 2,069 391 734 -4,396 -38 -468 854
Greece -2,626 -23 81 334 -3,019 0 0 586
Hungary -588 36 -623 -1 -14 13 7 64
Ireland 0 0 0 0 0 0 0 0
Italy -7,870 -1,714 -7,607 3,903 -2,453 0 -179 0
Liechtenstein 368 77 182 34 75 0 -7 36
Luxembourg6 74,018 36,048 18,419 4,856 -3,280 17,976 0 0
Netherlands -440 183 -36 -422 227 -393 0 0
Norway 5,592 542 1,085 271 3,661 33 -20 0
Poland 0 0 0 0 0 0 0 0
Portugal 181 58 -166 95 32 162 -1 428
Romania 14 6 3 8 -3 0 0 0
Russia 0 0 0 0 0 0 0 0
Slovakia 87 17 77 28 -36 0 0 72
Spain 3,770 3,853 -1,886 1,970 -168 0 0 0
Sweden 1,213 -321 311 608 309 305 -127 1,051
Switzerland 8,676 -58 8,772 361 -400 0 896 102
Turkey 0 0 0 0 0 0 0 0
United Kingdom 7,587 3,925 2,172 1,361 128 0 2,885 1,629
Asia and Pacific 27,223 37,719 -7,882 2,492 -6,270 1,163 -13 8,495
Australia 0 0 0 0 0 0 0 0
Hong Kong -743 204 11 -27 -117 -814 170 1
India -2,553 890 -1,292 110 -2,324 63 0 46
Japan 33,053 28,304 5,724 0 -974 0 4 8,146
Korea, Rep. of 7,200 9,123 -5,099 3,644 -2,907 2,439 0 -284
New Zealand -146 -38 15 -78 53 -99 0 0
Philippines -13 0 -23 2 0 8 0 0
Taiwan -9,576 -764 -7,220 -1,158 0 -435 -187 586
Africa 1,797 44 70 1,140 -209 753 -5 386
South Africa 1,797 44 70 1,140 -209 753 -5 386
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero or negative zero indicates an amount that is
between -0.499 million and 0.499 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 Foreign exchange rates used to convert local currencies to U.S. dollars are in Table E.1.
3 See Tables D.1-D.4 for definitions.
4 Sector equity is included in equity and in total.
5 Funds of funds are not included in total, except for France, Italy and Luxembourg.
6 Sales data for Other Funds includes UCITS and Non-UCITS.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
MEMO:
Table 8
TOTAL NET SALES OF DOMESTIC AND FOREIGN/INTERNATIONAL
EQUITY, BOND, AND MONEY MARKET FUNDS,1 2005:Q4
Millions of U.S. dollars2
Foreign/ Foreign/ Foreign/
Domestic International Domestic International Domestic International
World 23,133 56,323 3,030 1,784 103,029 87
Americas 24,680 43,340 11,422 1,826 108,420 87
Argentina 0 0 0 0 0 0
Brazil 504 0 -1,800 254 -1,117 0
Canada 1,742 974 2,486 99 26 84
Chile 0 0 0 0 0 0
Costa Rica 0 0 0 0 0 0
Mexico 113 45 530 1,003 127 2
United States 22,322 42,321 10,207 471 109,384 0
Europe -1,478 12,579 3 0 -3 0
Austria -83 376 0 0 0 0
Belgium 0 0 0 0 0 0
Czech Republic 2 28 0 0 0 0
Denmark 27 1,701 0 0 0 0
Finland 4 391 0 0 0 0
France 0 0 0 0 0 0
Germany -378 2,447 0 0 0 0
Greece -99 76 0 0 0 0
Hungary 3 34 0 0 0 0
Ireland 0 0 0 0 0 0
Italy -919 -794 0 0 0 0
Liechtenstein -1 78 0 0 0 0
Luxembourg 0 0 0 0 0 0
Netherlands -239 422 0 0 0 0
Norway -308 851 0 0 0 0
Poland 0 0 0 0 0 0
Portugal -31 89 0 0 0 0
Romania 6 0 3 0 -3 0
Russia 0 0 0 0 0 0
Slovakia 0 17 0 0 0 0
Spain 5 3,849 0 0 0 0
Sweden -121 -200 0 0 0 0
Switzerland -483 426 0 0 0 0
Turkey 0 0 0 0 0 0
United Kingdom 1,136 2,789 0 0 0 0
Asia and Pacific -133 425 -8,473 -34 -5,179 0
Australia 0 0 0 0 0 0
Hong Kong 4 201 0 11 0 0
India 890 0 -1,292 0 -2,324 0
Japan 0 0 0 0 0 0
Korea, Rep. of 0 0 0 0 -2,907 0
New Zealand -17 -21 17 -2 53 0
Philippines 0 0 -23 0 0 0
Taiwan -1,009 245 -7,176 -44 0 0
Africa 64 -20 78 -8 -209 0
South Africa 64 -20 78 -8 -209 0
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero or negative zero
indicates an amount that is between -0.499 million and 0.499 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 Foreign exchange rates used to convert local currencies to U.S. dollars are in Table E.1.
3 See Tables D.1-D.4 for definitions.
4 Sector equity, reported in a separate memoranda column in Table 7, is included in domestic and foreign/international equity.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
EQUITY3,4 BOND3 MONEY MARKET3
Table 9
TOTAL NET ASSETS BY TYPE OF FUND,1 2005:Q4
Millions of euros, end of quarter2
Balanced/ Money Other Sector Funds of
Total Equity3 Bond3 Mixed3 Market3 Funds3 Equity3,4 Funds3,5
World 15,064,309 7,063,673 2,922,380 1,329,472 2,851,947 433,807 279,551 543,432
Americas 8,276,911 4,400,410 1,418,126 619,361 1,778,650 60,364 193,685 410,044
Argentina 3,073 1,370 612 118 974 0 0 0
Brazil 256,783 18,580 179,821 47,182 7,364 3,837 57 150,470
Canada 415,799 185,762 50,092 90,085 33,861 55,998 0 0
Chile 11,841 1,457 3,300 1,034 5,521 529 0 0
Costa Rica 681 1 236 0 445 0 0 0
Mexico 40,055 5,716 33,509 53 778 0 0 173
United States 7,548,677 4,187,523 1,150,557 480,888 1,729,708 0 193,628 259,402
Europe 5,087,945 1,824,872 1,189,569 636,792 842,074 131,607 58,541 78,222
Austria 92,398 16,393 54,750 8,866 11,809 582 0 15,563
Belgium 97,749 60,462 11,241 23,355 2,671 20 5,467 12,091
Czech Republic 4,519 268 921 756 2,496 77 56 209
Denmark 63,744 24,948 37,397 1,399 0 0 1,024 0
Finland 38,497 14,938 8,827 3,462 10,788 483 0 0
France 1,155,100 333,700 181,000 250,900 389,500 0 0 0
Germany 251,578 120,380 78,550 18,935 31,863 1,850 8,241 10,787
Greece 27,135 5,994 13,578 2,623 4,939 0 0 809
Hungary 5,144 499 2,207 78 2,332 28 24 331
Ireland 463,035 0 0 0 0 0 0 0
Italy 381,889 78,562 146,066 85,702 71,559 0 3,385 0
Liechtenstein 11,842 5,350 3,643 693 2,156 0 606 941
Luxembourg6 1,386,611 538,768 437,397 96,441 201,098 112,907 0 0
Netherlands 79,984 39,171 16,617 10,853 1,355 11,988 0 0
Norway7 34,010 18,244 4,380 1,348 9,963 75 806 0
Poland 14,963 1,872 4,114 6,884 2,094 0 3 52
Portugal 24,414 2,203 11,184 1,075 8,800 1,152 145 1,794
Romania 92 20 14 29 29 0 0 0
Russia 2,049 1,318 270 453 8 0 0 4
Slovakia 2,573 94 1,020 196 1,262 0 0 137
Spain 268,597 93,452 73,762 46,933 54,451 0 0 0
Sweden 100,923 70,675 5,847 15,944 6,012 2,445 7,585 2,864
Switzerland 98,897 39,599 28,401 20,605 10,291 0 11,638 1,885
Turkey 18,436 649 3,140 2,049 12,598 0 21 0
United Kingdom 463,765 357,311 65,242 37,213 4,000 0 19,542 30,756
Asia and Pacific 1,643,851 820,335 311,201 63,318 215,741 233,255 26,760 47,595
Australia 593,429 230,794 49,183 0 103,113 210,339 0 0
Hong Kong 390,368 250,420 92,154 21,071 23,584 3,139 21,359 0
India 34,370 12,203 7,636 1,146 12,176 1,208 0 193
Japan 398,444 293,925 82,777 0 21,742 0 2,920 42,496
Korea, Rep. of 168,682 21,971 43,166 35,634 54,424 13,488 0 2,811
New Zealand 8,758 1,334 856 2,885 700 2,984 0 0
Philippines 1,228 29 1,127 54 2 16 0 0
Taiwan 48,572 9,659 34,303 2,528 0 2,082 2,482 2,095
Africa 55,602 18,056 3,483 10,001 15,481 8,581 566 7,570
South Africa 55,602 18,056 3,483 10,001 15,481 8,581 566 7,570
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero indicates an amount that is less than 0.500 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 Foreign exchange rates used to convert local currencies to euros are in Table E.1.
3 See Tables D.1-D.4 for definitions.
4 Sector equity is included in equity and in total.
5 Funds of funds are not included in total, except for France, Italy and Luxembourg.
6 Total net assets data for Other Funds includes UCITS and Non-UCITS.
7 Funds of funds last reported 09/30/2003. As of that date, fund of funds assets were 707 million.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
MEMO:
Table 10
TOTAL NET ASSETS OF DOMESTIC AND FOREIGN/INTERNATIONAL
EQUITY, BOND, AND MONEY MARKET FUNDS,1 2005:Q4
Millions of euros, end of quarter2
Foreign/ Foreign/ Foreign/
Domestic International Domestic International Domestic International
World 4,081,950 1,918,237 1,988,566 347,841 2,478,868 45,769
Americas 3,531,435 868,975 1,354,296 63,830 1,776,260 2,390
Argentina 1,370 0 612 0 974 0
Brazil 18,580 0 178,733 1,088 7,364 0
Canada 97,310 88,452 45,446 4,646 32,449 1,412
Chile 1,130 328 2,228 1,072 4,569 952
Costa Rica 0 1 212 24 445 0
Mexico 5,023 693 14,958 18,551 752 25
United States 3,408,022 779,501 1,112,107 38,449 1,729,708 0
Europe 493,052 793,051 545,966 189,590 619,442 20,178
Austria 1,146 15,246 29,605 25,145 8,763 3,046
Belgium 4,228 56,234 9,841 1,400 1,556 1,115
Czech Republic 16 252 110 811 163 2,333
Denmark 3,774 21,175 21,916 15,482 0 0
Finland 2,786 12,152 5,471 3,357 10,778 10
France 134,100 199,600 125,200 55,800 387,700 1,800
Germany 30,403 89,977 63,766 14,784 30,982 881
Greece 4,981 1,013 4,986 8,592 2,665 2,274
Hungary 95 404 2,190 16 2,332 0
Ireland 0 0 0 0 0 0
Italy 13,382 65,180 112,607 33,460 71,520 38
Liechtenstein 33 5,317 1,424 2,220 1,500 657
Luxembourg 0 0 0 0 0 0
Netherlands 6,878 32,293 0 0 0 0
Norway 6,059 12,186 3,402 979 9,928 35
Poland 1,671 201 3,004 1,110 2,094 0
Portugal 817 1,386 10,814 370 8,800 0
Romania 20 0 14 0 29 0
Russia 1,318 0 270 0 8 0
Slovakia 0 94 749 271 1,262 0
Spain 37,737 55,715 71,116 2,646 54,451 0
Sweden 19,546 51,129 5,417 430 5,790 222
Switzerland 19,089 20,511 11,257 17,144 2,524 7,767
Turkey 649 0 3,140 0 12,598 0
United Kingdom 204,324 152,987 59,667 5,574 4,000 0
Asia and Pacific 41,294 254,323 85,034 94,209 67,684 23,201
Australia 0 0 0 0 0 0
Hong Kong 1,016 249,403 0 92,154 383 23,201
India 12,203 0 7,636 0 12,176 0
Japan 0 0 0 0 0 0
Korea, Rep. of 21,405 566 41,883 1,283 54,424 0
New Zealand 358 976 760 96 700 0
Philippines 29 0 1,127 0 2 0
Taiwan 6,281 3,378 33,627 676 0 0
Africa 16,169 1,888 3,271 212 15,481 0
South Africa 16,169 1,888 3,271 212 15,481 0
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero indicates an amount
that is less than 0.500 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 Foreign exchange rates used to convert local currencies to euros are in Table E.1.
3 See Tables D.1-D.4 for definitions.
4 Sector equity, reported in a separate memoranda column in Table 9, is included in domestic and foreign/international equity.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
EQUITY3,4 BOND3 MONEY MARKET3
Table 11
TOTAL SALES BY TYPE OF FUND,1 2005:Q4
Millions of euros2
Balanced/ Money Other Sector Funds of
Total Equity3 Bond3 Mixed3 Market3 Funds3 Equity3,4 Funds3,5
World 4,758,399 533,148 444,718 82,230 3,653,723 44,579 25,772 57,806
Americas 3,647,955 308,946 133,537 32,967 3,169,084 3,423 18,219 41,038
Argentina 0 0 0 0 0 0 0 0
Brazil 0 0 0 0 0 0 0 0
Canada 32,225 9,019 4,022 6,333 9,429 3,423 0 0
Chile 0 0 0 0 0 0 0 0
Costa Rica 0 0 0 0 0 0 0 0
Mexico 34,713 824 32,513 10 1,365 0 0 26
United States 3,581,017 299,102 97,003 26,624 3,158,289 0 18,219 41,012
Europe 644,293 152,246 124,427 33,922 300,779 32,918 5,855 3,981
Austria 0 0 0 0 0 0 0 0
Belgium 0 0 0 0 0 0 0 0
Czech Republic 399 49 60 71 219 0 4 65
Denmark 5,189 2,140 2,054 996 0 0 13 0
Finland 0 0 0 0 0 0 0 0
France 0 0 0 0 0 0 0 0
Germany 0 0 0 0 0 0 0 0
Greece 0 0 0 0 0 0 0 0
Hungary 0 0 0 0 0 0 0 0
Ireland 0 0 0 0 0 0 0 0
Italy 42,180 7,606 13,781 9,527 11,265 0 251 0
Liechtenstein 1,183 347 269 86 482 0 65 111
Luxembourg6 477,317 96,950 74,107 15,427 258,599 32,234 0 0
Netherlands 0 0 0 0 0 0 0 0
Norway 9,179 2,500 1,416 361 4,865 37 203 0
Poland 0 0 0 0 0 0 0 0
Portugal 4,510 335 1,123 117 2,768 167 13 457
Romania 34 7 8 7 12 0 0 0
Russia 0 0 0 0 0 0 0 0
Slovakia 0 0 0 0 0 0 0 0
Spain 42,962 10,849 16,800 3,469 11,843 0 0 0
Sweden 8,586 4,140 1,195 911 1,860 479 301 954
Switzerland 19,502 3,040 8,112 825 7,525 0 1,774 165
Turkey 0 0 0 0 0 0 0 0
United Kingdom 33,251 24,282 5,503 2,124 1,343 0 3,231 2,228
Asia and Pacific 453,873 70,660 186,425 13,706 177,122 5,960 1,686 11,996
Australia 0 0 0 0 0 0 0 0
Hong Kong 2,775 2,085 285 94 106 206 321 33
India 48,455 2,935 6,612 240 38,470 198 0 82
Japan 197,549 53,109 142,233 0 2,206 0 1,084 10,307
Korea, Rep. of 174,423 10,402 9,587 12,731 136,339 5,363 0 444
New Zealand 0 0 0 0 0 0 0 0
Philippines 42 1 32 3 0 7 0 0
Taiwan 30,628 2,128 27,677 638 0 186 282 1,130
Africa 12,278 1,297 329 1,635 6,738 2,279 13 791
South Africa 12,278 1,297 329 1,635 6,738 2,279 13 791
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero indicates an amount that is less than 0.500 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 Foreign exchange rates used to convert local currencies to euros are in Table E.1.
3 See Tables D.1-D.4 for definitions.
4 Sector equity is included in equity and in total.
5 Funds of funds are not included in total, except for Italy and Luxembourg.
6 Sales data for Other Funds includes UCITS and Non-UCITS.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
MEMO:
Table 12
TOTAL SALES OF DOMESTIC AND FOREIGN/INTERNATIONAL
EQUITY, BOND, AND MONEY MARKET FUNDS,1 2005:Q4
Millions of euros2
Foreign/ Foreign/ Foreign/
Domestic International Domestic International Domestic International
World 253,178 119,511 142,340 26,138 3,350,062 581
Americas 229,904 79,042 108,038 25,498 3,168,502 581
Argentina 0 0 0 0 0 0
Brazil 0 0 0 0 0 0
Canada 4,598 4,421 3,684 337 8,902 528
Chile 0 0 0 0 0 0
Costa Rica 0 0 0 0 0 0
Mexico 402 423 12,390 20,123 1,312 54
United States 224,904 74,198 91,964 5,039 3,158,289 0
Europe 17,846 37,453 8 0 12 0
Austria 0 0 0 0 0 0
Belgium 0 0 0 0 0 0
Czech Republic 3 47 0 0 0 0
Denmark 160 1,979 0 0 0 0
Finland 0 0 0 0 0 0
France 0 0 0 0 0 0
Germany 0 0 0 0 0 0
Greece 0 0 0 0 0 0
Hungary 0 0 0 0 0 0
Ireland 0 0 0 0 0 0
Italy 813 6,793 0 0 0 0
Liechtenstein 0 347 0 0 0 0
Luxembourg 0 0 0 0 0 0
Netherlands 0 0 0 0 0 0
Norway 656 1,844 0 0 0 0
Poland 0 0 0 0 0 0
Portugal 56 280 0 0 0 0
Romania 7 0 8 0 12 0
Russia 0 0 0 0 0 0
Slovakia 0 0 0 0 0 0
Spain 2,403 8,447 0 0 0 0
Sweden 1,023 3,117 0 0 0 0
Switzerland 1,174 1,867 0 0 0 0
Turkey 0 0 0 0 0 0
United Kingdom 11,550 12,732 0 0 0 0
Asia and Pacific 4,226 2,922 33,972 633 174,809 0
Australia 0 0 0 0 0 0
Hong Kong 50 2,035 0 285 0 0
India 2,935 0 6,612 0 38,470 0
Japan 0 0 0 0 0 0
Korea, Rep. of 0 0 0 0 136,339 0
New Zealand 0 0 0 0 0 0
Philippines 1 0 32 0 0 0
Taiwan 1,241 887 27,328 349 0 0
Africa 1,202 94 322 6 6,738 0
South Africa 1,202 94 322 6 6,738 0
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero indicates an amount
that is less than 0.500 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 Foreign exchange rates used to convert local currencies to euros are in Table E.1.
3 See Tables D.1-D.4 for definitions.
4 Sector equity, reported in a separate memoranda column in Table 9, is included in domestic and foreign/international equity.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
EQUITY3,4 BOND3 MONEY MARKET3
Table 13
TOTAL REDEMPTIONS BY TYPE OF FUND,1 2005:Q4
Millions of euros2
Balanced/ Money Other Sector Funds of
Total Equity3 Bond3 Mixed3 Market3 Funds3 Equity3,4 Funds3,5
World 4,480,424 407,358 420,298 58,461 3,568,718 25,589 23,882 19,688
Americas 3,476,364 252,133 121,087 24,631 3,076,839 1,674 19,191 13,187
Argentina 0 0 0 0 0 0 0 0
Brazil 0 0 0 0 0 0 0 0
Canada 22,266 6,734 1,846 2,675 9,336 1,674 0 0
Chile 0 0 0 0 0 0 0 0
Costa Rica 0 0 0 0 0 0 0 0
Mexico 33,186 692 31,223 14 1,257 0 0 18
United States 3,420,912 244,707 88,018 21,941 3,066,246 0 19,191 13,169
Europe 562,451 115,077 105,871 21,611 302,523 17,371 2,977 1,187
Austria 0 0 0 0 0 0 0 0
Belgium 0 0 0 0 0 0 0 0
Czech Republic 314 24 60 31 199 0 1 3
Denmark 2,149 686 1,407 56 0 0 38 0
Finland 0 0 0 0 0 0 0 0
France 0 0 0 0 0 0 0 0
Germany 0 0 0 0 0 0 0 0
Greece 0 0 0 0 0 0 0 0
Hungary 0 0 0 0 0 0 0 0
Ireland 0 0 0 0 0 0 0 0
Italy 48,802 9,048 20,182 6,243 13,329 0 401 0
Liechtenstein 874 282 116 58 418 0 71 81
Luxembourg6 415,033 66,617 58,608 11,341 261,359 17,108 0 0
Netherlands 0 0 0 0 0 0 0 0
Norway 4,473 2,044 503 133 1,784 9 219 0
Poland 0 0 0 0 0 0 0 0
Portugal 4,358 287 1,262 37 2,741 31 14 97
Romania 22 2 5 1 14 0 0 0
Russia 0 0 0 0 0 0 0 0
Slovakia 0 0 0 0 0 0 0 0
Spain 39,790 7,608 18,387 1,812 11,984 0 0 0
Sweden 7,565 4,410 933 399 1,599 223 408 70
Switzerland 12,204 3,089 732 522 7,862 0 1,020 79
Turkey 0 0 0 0 0 0 0 0
United Kingdom 26,868 20,979 3,676 978 1,234 0 804 857
Asia and Pacific 430,843 38,888 193,071 11,544 182,442 4,898 1,697 4,848
Australia 0 0 0 0 0 0 0 0
Hong Kong 3,401 1,913 275 117 205 891 178 32
India 50,603 2,186 7,699 148 40,426 145 0 43
Japan 169,735 29,293 137,417 0 3,026 0 1,080 3,453
Korea, Rep. of 168,364 2,725 13,877 9,665 138,786 3,311 0 682
New Zealand 0 0 0 0 0 0 0 0
Philippines 53 0 51 1 0 0 0 0
Taiwan 38,686 2,770 33,752 1,613 0 552 439 637
Africa 10,765 1,260 270 676 6,914 1,645 17 467
South Africa 10,765 1,260 270 676 6,914 1,645 17 467
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero indicates an amount that is less than 0.500 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 Foreign exchange rates used to convert local currencies to euros are in Table E.1.
3 See Tables D.1-D.4 for definitions.
4 Sector equity is included in equity and in total.
5 Funds of funds are not included in total, except for Italy and Luxembourg.
6 Redemption data for Other Funds includes UCITS and Non-UCITS.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
MEMO:
Table 14
TOTAL REDEMPTIONS OF DOMESTIC AND FOREIGN/INTERNATIONAL
EQUITY, BOND, AND MONEY MARKET FUNDS,1 2005:Q4
Millions of euros2
Foreign/ Foreign/ Foreign/
Domestic International Domestic International Domestic International
World 233,455 75,268 138,290 24,848 3,262,470 509
Americas 209,560 42,574 96,912 24,175 3,076,330 509
Argentina 0 0 0 0 0 0
Brazil 0 0 0 0 0 0
Canada 3,133 3,601 1,592 254 8,879 457
Chile 0 0 0 0 0 0
Costa Rica 0 0 0 0 0 0
Mexico 307 385 11,944 19,279 1,205 52
United States 206,121 38,587 83,375 4,642 3,066,246 0
Europe 18,423 30,036 5 0 14 0
Austria 0 0 0 0 0 0
Belgium 0 0 0 0 0 0
Czech Republic 0 24 0 0 0 0
Denmark 137 548 0 0 0 0
Finland 0 0 0 0 0 0
France 0 0 0 0 0 0
Germany 0 0 0 0 0 0
Greece 0 0 0 0 0 0
Hungary 0 0 0 0 0 0
Ireland 0 0 0 0 0 0
Italy 1,587 7,461 0 0 0 0
Liechtenstein 1 281 0 0 0 0
Luxembourg 0 0 0 0 0 0
Netherlands 0 0 0 0 0 0
Norway 916 1,128 0 0 0 0
Poland 0 0 0 0 0 0
Portugal 82 205 0 0 0 0
Romania 2 0 5 0 14 0
Russia 0 0 0 0 0 0
Slovakia 0 0 0 0 0 0
Spain 2,399 5,208 0 0 0 0
Sweden 1,125 3,285 0 0 0 0
Switzerland 1,580 1,509 0 0 0 0
Turkey 0 0 0 0 0 0
United Kingdom 10,593 10,387 0 0 0 0
Asia and Pacific 4,323 2,547 41,116 661 179,211 0
Australia 0 0 0 0 0 0
Hong Kong 47 1,866 0 275 0 0
India 2,186 0 7,699 0 40,426 0
Japan 0 0 0 0 0 0
Korea, Rep. of 0 0 0 0 138,786 0
New Zealand 0 0 0 0 0 0
Philippines 0 0 51 0 0 0
Taiwan 2,090 681 33,366 386 0 0
Africa 1,148 112 257 13 6,914 0
South Africa 1,148 112 257 13 6,914 0
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero indicates an amount
that is less than 0.500 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 Foreign exchange rates used to convert local currencies to euros are in Table E.1.
3 See Tables D.1-D.4 for definitions.
4 Sector equity is included in equity and in total.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
EQUITY3,4 BOND3 MONEY MARKET3
Table 15
TOTAL NET SALES BY TYPE OF FUND,1 2005:Q4
Millions of euros2
Balanced/ Money Other Sector Funds of
Total Equity3 Bond3 Mixed3 Market3 Funds3 Equity3,4 Funds3,5
World 241,573 137,083 -11,804 29,237 68,477 18,575 1,504 39,774
Americas 171,407 57,236 11,149 10,003 91,305 1,714 -972 27,850
Argentina 0 0 0 0 0 0 0 0
Brazil -185 424 -1,301 1,667 -940 -35 1 0
Canada 9,959 2,284 2,175 3,657 93 1,749 0 0
Chile 0 0 0 0 0 0 0 0
Costa Rica 0 0 0 0 0 0 0 0
Mexico 1,527 132 1,290 -4 108 0 0 8
United States 160,106 54,395 8,985 4,682 92,043 0 -973 27,842
Europe 45,747 48,071 -16,379 16,178 -17,375 15,249 2,491 4,451
Austria 3,100 246 1,906 1,173 -351 126 0 332
Belgium 0 0 0 0 0 0 0 0
Czech Republic 85 25 0 40 19 0 3 62
Denmark 3,041 1,454 647 939 0 0 -25 0
Finland -352 332 449 126 -1,188 -72 0 0
France -34,800 8,400 -37,200 2,000 -8,000 0 0 0
Germany -1,043 1,741 329 618 -3,699 -32 -394 719
Greece -2,210 -19 68 281 -2,540 0 0 493
Hungary -495 31 -524 -1 -12 11 6 54
Ireland 0 0 0 0 0 0 0 0
Italy -6,622 -1,442 -6,401 3,284 -2,064 0 -151 0
Liechtenstein 310 65 153 28 63 0 -6 30
Luxembourg6 62,284 30,333 15,499 4,086 -2,760 15,126 0 0
Netherlands -370 154 -30 -355 191 -331 0 0
Norway 4,706 456 913 228 3,081 28 -17 0
Poland 0 0 0 0 0 0 0 0
Portugal 152 49 -140 80 27 136 -1 360
Romania 12 5 3 7 -3 0 0 0
Russia 0 0 0 0 0 0 0 0
Slovakia 73 15 65 24 -30 0 0 60
Spain 3,172 3,242 -1,587 1,658 -141 0 0 0
Sweden 1,021 -270 262 512 260 257 -107 884
Switzerland 7,300 -48 7,382 304 -337 0 754 86
Turkey 0 0 0 0 0 0 0 0
United Kingdom 6,384 3,303 1,828 1,146 107 0 2,428 1,371
Asia and Pacific 22,907 31,739 -6,633 2,097 -5,276 979 -11 7,148
Australia 0 0 0 0 0 0 0 0
Hong Kong -626 172 9 -23 -99 -685 143 1
India -2,149 748 -1,087 92 -1,956 53 0 39
Japan 27,813 23,817 4,816 0 -820 0 3 6,854
Korea, Rep. of 6,059 7,677 -4,290 3,066 -2,446 2,052 0 -239
New Zealand -123 -32 13 -65 44 -83 0 0
Philippines -11 0 -19 2 0 7 0 0
Taiwan -8,058 -643 -6,075 -974 0 -366 -157 493
Africa 1,512 37 59 959 -176 634 -4 324
South Africa 1,512 37 59 959 -176 634 -4 324
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero or negative zero indicates an amount that is
between -0.499 million and 0.499 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 Foreign exchange rates used to convert local currencies to euros are in Table E.1.
3 See Tables D.1-D.4 for definitions.
4 Sector equity is included in equity and in total.
5 Funds of funds are not included in total, except for France, Italy and Luxembourg.
6 Sales data for Other Funds includes UCITS and Non-UCITS.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
MEMO:
Table 16
TOTAL NET SALES OF DOMESTIC AND FOREIGN/INTERNATIONAL
EQUITY, BOND, AND MONEY MARKET FUNDS,1 2005:Q4
Millions of euros2
Foreign/ Foreign/ Foreign/
Domestic International Domestic International Domestic International
World 19,466 47,394 2,550 1,501 86,695 73
Americas 20,768 36,469 9,612 1,537 91,232 73
Argentina 0 0 0 0 0 0
Brazil 424 0 -1,515 213 -940 0
Canada 1,466 820 2,091 83 22 71
Chile 0 0 0 0 0 0
Costa Rica 0 0 0 0 0 0
Mexico 95 38 446 844 106 2
United States 18,783 35,612 8,589 396 92,043 0
Europe -1,244 10,585 3 0 -3 0
Austria -70 316 0 0 0 0
Belgium 0 0 0 0 0 0
Czech Republic 2 23 0 0 0 0
Denmark 23 1,431 0 0 0 0
Finland 3 329 0 0 0 0
France 0 0 0 0 0 0
Germany -318 2,059 0 0 0 0
Greece -83 64 0 0 0 0
Hungary 2 28 0 0 0 0
Ireland 0 0 0 0 0 0
Italy -773 -668 0 0 0 0
Liechtenstein -1 66 0 0 0 0
Luxembourg 0 0 0 0 0 0
Netherlands -201 355 0 0 0 0
Norway -260 716 0 0 0 0
Poland 0 0 0 0 0 0
Portugal -26 75 0 0 0 0
Romania 5 0 3 0 -3 0
Russia 0 0 0 0 0 0
Slovakia 0 15 0 0 0 0
Spain 4 3,239 0 0 0 0
Sweden -102 -168 0 0 0 0
Switzerland -407 358 0 0 0 0
Turkey 0 0 0 0 0 0
United Kingdom 956 2,347 0 0 0 0
Asia and Pacific -112 358 -7,130 -29 -4,358 0
Australia 0 0 0 0 0 0
Hong Kong 3 169 0 9 0 0
India 748 0 -1,087 0 -1,956 0
Japan 0 0 0 0 0 0
Korea, Rep. of 0 0 0 0 -2,446 0
New Zealand -15 -18 15 -2 44 0
Philippines 0 0 -19 0 0 0
Taiwan -849 206 -6,038 -37 0 0
Africa 54 -17 65 -7 -176 0
South Africa 54 -17 65 -7 -176 0
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero or negative zero
indicates an amount that is between -0.499 million and 0.499 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 Foreign exchange rates used to convert local currencies to euros are in Table E.1.
3 See Tables D.1-D.4 for definitions.
4 Sector equity is included in equity and in total.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
EQUITY3,4 BOND3 MONEY MARKET3
Table 17
TOTAL NET ASSETS BY TYPE OF FUND,1 2005:Q4
Millions of units of local currency, end of quarter
Balanced/ Money Other Sector Funds of
Total Equity2 Bond2 Mixed2 Market2 Funds2 Equity2,3 Funds2,4
Americas
Argentina 10,986 4,898 2,188 421 3,480 0 0 0
Brazil 707,487 51,191 495,440 129,996 20,290 10,571 156 414,574
Canada 569,982 254,645 68,667 123,490 46,417 76,763 0 0
Chile 7,152,000 880,107 1,993,236 624,624 3,334,637 319,396 0 0
Costa Rica 399,288 795 138,016 0 260,476 0 0 0
Mexico 502,535 71,714 420,400 666 9,755 0 0 2,165
United States 8,905,174 4,940,021 1,357,312 567,304 2,040,537 0 228,423 306,016
Europe
Austria 92,398 16,393 54,750 8,866 11,809 582 0 15,563
Belgium 97,749 60,462 11,241 23,355 2,671 20 5,467 12,091
Czech Republic 131,059 7,784 26,716 21,930 72,393 2,237 1,632 6,061
Denmark 475,565 186,127 279,004 10,434 0 0 7,637 0
Finland 38,497 14,938 8,827 3,462 10,788 483 0 0
France 1,155,100 333,700 181,000 250,900 389,500 0 0 0
Germany 251,578 120,380 78,550 18,935 31,863 1,850 8,241 10,787
Greece 27,135 5,994 13,578 2,623 4,939 0 0 809
Hungary 1,300,715 126,294 558,003 19,687 589,683 7,048 5,954 83,610
Ireland 463,035 0 0 0 0 0 0 0
Italy 381,889 78,562 146,066 85,702 71,559 0 3,385 0
Liechtenstein 18,415 8,320 5,666 1,077 3,353 0 942 1,464
Luxembourg5 1,386,611 538,768 437,397 96,441 201,098 112,907 0 0
Netherlands 79,984 39,171 16,617 10,853 1,355 11,988 0 0
Norway6 271,570 145,680 34,978 10,763 79,552 597 6,435 0
Poland 57,758 7,225 15,879 26,572 8,082 0 10 201
Portugal 24,414 2,203 11,184 1,075 8,800 1,152 145 1,794
Romania 339 72 51 108 108 0 0 0
Russia 69,476 44,699 9,153 15,344 280 0 0 140
Slovakia 97,448 3,576 38,642 7,441 47,788 0 0 5,178
Spain 268,597 93,452 73,762 46,933 54,451 0 0 0
Sweden 947,519 663,532 54,892 149,693 56,447 22,956 71,211 26,886
Switzerland 153,795 61,581 44,167 32,043 16,004 0 18,098 2,931
Turkey 29,358 1,034 5,000 3,263 20,061 0 33 0
United Kingdom 317,818 244,865 44,710 25,502 2,741 0 13,392 21,077
Asia and Pacific
Australia 955,313 371,536 79,175 0 165,994 338,608 0 0
Hong Kong 3,571,082 2,290,834 843,024 192,761 215,747 28,716 195,388 0
India 1,826,600 648,560 405,830 60,890 647,110 64,210 0 10,240
Japan 55,347,682 40,828,968 11,498,486 0 3,020,228 0 405,547 5,903,158
Korea, Rep. of 200,984,000 26,178,400 51,431,900 42,457,300 64,845,800 16,070,600 0 3,348,900
New Zealand 15,112 2,302 1,477 4,978 1,207 5,148 0 0
Philippines 76,915 1,835 70,579 3,410 106 985 0 0
Taiwan 1,881,930 374,252 1,329,073 97,943 0 80,662 96,156 81,188
Africa
South Africa 415,131 134,809 26,007 74,669 115,585 64,063 4,224 56,517
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero indicates an amount that is less than 0.500 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 See Tables D.1-D.4 for definitions.
3 Sector equity is included in equity and in total.
4 Funds of funds are not included in total, except for France, Italy and Luxembourg.
5 Total net assets data for Other Funds includes UCITS and Non-UCITS.
6 Funds of funds last reported 09/30/2003. As of that date, fund of funds assets were NOK 5788.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
MEMO:
Table 18
TOTAL NET ASSETS OF DOMESTIC AND FOREIGN/INTERNATIONAL
EQUITY, BOND, AND MONEY MARKET FUNDS,1 2005:Q4
Millions of units of local currency, end of quarter
Foreign/ Foreign/ Foreign/
Domestic International Domestic International Domestic International
Americas
Argentina 4,898 0 2,188 0 3,480 0
Brazil 51,191 0 492,442 2,999 20,290 0
Canada 133,394 121,251 62,298 6,369 44,481 1,936
Chile 682,289 197,818 1,345,670 647,566 2,759,452 575,185
Costa Rica 0 795 124,214 13,802 260,476 0
Mexico 63,014 8,700 187,660 232,740 9,437 318
United States 4,020,444 919,577 1,311,953 45,358 2,040,537 0
Europe
Austria 1,146 15,246 29,605 25,145 8,763 3,046
Belgium 4,228 56,234 9,841 1,400 1,556 1,115
Czech Republic 462 7,321 3,203 23,513 4,730 67,663
Denmark 28,154 157,973 163,504 115,500 0 0
Finland 2,786 12,152 5,471 3,357 10,778 10
France 134,100 199,600 125,200 55,800 387,700 1,800
Germany 30,403 89,977 63,766 14,784 30,982 881
Greece 4,981 1,013 4,986 8,592 2,665 2,274
Hungary 24,101 102,193 553,877 4,127 589,683 0
Ireland 0 0 0 0 0 0
Italy 13,382 65,180 112,607 33,460 71,520 38
Liechtenstein 52 8,268 2,214 3,452 2,332 1,021
Luxembourg 0 0 0 0 0 0
Netherlands 6,878 32,293 0 0 0 0
Norway 48,378 97,302 27,164 7,814 79,273 279
Poland 6,451 774 11,594 4,285 8,082 0
Portugal 817 1,386 10,814 370 8,800 0
Romania 72 0 51 0 108 0
Russia 44,699 0 9,153 0 280 0
Slovakia 0 3,576 28,377 10,265 47,788 0
Spain 37,737 55,715 71,116 2,646 54,451 0
Sweden 183,511 480,021 50,858 4,034 54,361 2,086
Switzerland 29,685 31,897 17,505 26,661 3,925 12,079
Turkey 1,034 0 5,000 0 20,061 0
United Kingdom 140,023 104,842 40,890 3,820 2,741 0
Asia and Pacific
Australia 0 0 0 0 0 0
Hong Kong 9,297 2,281,537 0 843,024 3,503 212,244
India 648,560 0 405,830 0 647,110 0
Japan 0 0 0 0 0 0
Korea, Rep. of 25,504,400 674,000 49,903,000 1,528,900 64,845,800 0
New Zealand 618 1,684 1,312 165 1,207 0
Philippines 1,835 0 70,579 0 106 0
Taiwan 243,369 130,882 1,302,895 26,178 0 0
Africa
South Africa 120,716 14,093 24,422 1,585 115,585 0
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero indicates an amount
that is less than 0.500 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 See Tables D.1-D.4 for definitions.
3 Sector equity, reported in a separate memoranda column in Table 17, is included in domestic and foreign/international equity.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
EQUITY2,3 BOND2 MONEY MARKET2
Table 19
TOTAL SALES BY TYPE OF FUND,1 2005:Q4
Millions of units of local currency
Balanced/ Money Other Sector Funds of
Total Equity2 Bond2 Mixed2 Market2 Funds2 Equity2,3 Funds2,4
Americas
Argentina 0 0 0 0 0 0 0 0
Brazil 0 0 0 0 0 0 0 0
Canada 44,945 12,579 5,609 8,832 13,151 4,774 0 0
Chile 0 0 0 0 0 0 0 0
Costa Rica 0 0 0 0 0 0 0 0
Mexico 441,765 10,492 413,766 133 17,374 0 0 326
United States 4,255,681 355,453 115,278 31,640 3,753,311 0 21,651 48,739
Europe
Austria 0 0 0 0 0 0 0 0
Belgium 0 0 0 0 0 0 0 0
Czech Republic 11,689 1,447 1,756 2,083 6,403 0 113 1,915
Denmark 38,704 15,958 15,319 7,427 0 0 97 0
Finland 0 0 0 0 0 0 0 0
France 0 0 0 0 0 0 0 0
Germany 0 0 0 0 0 0 0 0
Greece 0 0 0 0 0 0 0 0
Hungary 0 0 0 0 0 0 0 0
Ireland 0 0 0 0 0 0 0 0
Italy 42,180 7,606 13,781 9,527 11,265 0 251 0
Liechtenstein 1,831 537 416 133 745 0 101 172
Luxembourg5 477,317 96,950 74,107 15,427 258,599 32,234 0 0
Netherlands 0 0 0 0 0 0 0 0
Norway 72,315 19,699 11,153 2,845 38,325 294 1,598 0
Poland 0 0 0 0 0 0 0 0
Portugal 4,510 335 1,123 117 2,768 167 13 457
Romania 125 27 28 27 43 0 0 0
Russia 0 0 0 0 0 0 0 0
Slovakia 0 0 0 0 0 0 0 0
Spain 42,962 10,849 16,800 3,469 11,843 0 0 0
Sweden 81,333 39,221 11,323 8,633 17,616 4,540 2,848 9,039
Switzerland 30,174 4,703 12,551 1,277 11,643 0 2,745 256
Turkey 0 0 0 0 0 0 0 0
United Kingdom 22,611 16,512 3,742 1,444 913 0 2,197 1,515
Asia and Pacific
Australia 0 0 0 0 0 0 0 0
Hong Kong 25,576 19,212 2,622 865 981 1,896 2,958 301
India 2,614,720 158,360 356,790 12,970 2,075,910 10,690 0 4,430
Japan 27,534,048 7,402,325 19,824,261 0 307,462 0 151,032 1,436,588
Korea, Rep. of 214,710,014 12,805,131 11,800,908 15,671,831 167,830,072 6,602,072 0 546,218
New Zealand 0 0 0 0 0 0 0 0
Philippines 2,740 33 2,079 166 9 453 0 0
Taiwan 1,217,844 84,605 1,100,474 25,383 0 7,382 11,203 44,943
Africa
South Africa 95,264 10,063 2,550 12,685 52,283 17,682 733 6,137
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero indicates an amount that is less than 0.500 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 See Tables D.1-D.4 for definitions.
3 Sector equity is included in equity and in total.
4 Funds of funds are not included in total, except for Italy and Luxembourg.
5 Sales data for Other Funds includes UCITS and Non-UCITS.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
MEMO:
Table 20
TOTAL SALES OF DOMESTIC AND FOREIGN/INTERNATIONAL
EQUITY, BOND, AND MONEY MARKET FUNDS,1 2005:Q4
Millions of units of local currency
Foreign/ Foreign/ Foreign/
Domestic International Domestic International Domestic International
Americas
Argentina 0 0 0 0 0 0
Brazil 0 0 0 0 0 0
Canada 6,413 6,166 5,138 470 12,415 736
Chile 0 0 0 0 0 0
Costa Rica 0 0 0 0 0 0
Mexico 5,116 5,377 157,678 256,087 16,691 683
United States 267,276 88,177 109,290 5,988 3,753,311 0
Europe
Austria 0 0 0 0 0 0
Belgium 0 0 0 0 0 0
Czech Republic 75 1,372 0 0 0 0
Denmark 1,196 14,762 0 0 0 0
Finland 0 0 0 0 0 0
France 0 0 0 0 0 0
Germany 0 0 0 0 0 0
Greece 0 0 0 0 0 0
Hungary 0 0 0 0 0 0
Ireland 0 0 0 0 0 0
Italy 813 6,793 0 0 0 0
Liechtenstein 0 537 0 0 0 0
Luxembourg 0 0 0 0 0 0
Netherlands 0 0 0 0 0 0
Norway 5,172 14,526 0 0 0 0
Poland 0 0 0 0 0 0
Portugal 56 280 0 0 0 0
Romania 27 0 28 0 43 0
Russia 0 0 0 0 0 0
Slovakia 0 0 0 0 0 0
Spain 2,403 8,447 0 0 0 0
Sweden 9,691 29,530 0 0 0 0
Switzerland 1,816 2,888 0 0 0 0
Turkey 0 0 0 0 0 0
United Kingdom 7,854 8,658 0 0 0 0
Asia and Pacific
Australia 0 0 0 0 0 0
Hong Kong 462 18,751 0 2,622 0 0
India 158,360 0 356,790 0 2,075,910 0
Japan 0 0 0 0 0 0
Korea, Rep. of 0 0 0 0 167,830,072 0
New Zealand 0 0 0 0 0 0
Philippines 33 0 2,079 0 9 0
Taiwan 49,334 35,272 1,086,601 13,873 0 0
Africa
South Africa 9,330 733 2,502 48 52,283 0
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero indicates an amount
that is less than 0.500 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 See Tables D.1-D.4 for definitions.
3 Sector equity, reported in a separate memoranda column in Table 19, is included in domestic and foreign/international equity.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
EQUITY2,3 BOND2 MONEY MARKET2
Table 21
TOTAL REDEMPTIONS BY TYPE OF FUND,1 2005:Q4
Millions of units of local currency
Balanced/ Money Other Sector Funds of
Total Equity2 Bond2 Mixed2 Market2 Funds2 Equity2,3 Funds2,4
Americas
Argentina 0 0 0 0 0 0 0 0
Brazil 0 0 0 0 0 0 0 0
Canada 31,054 9,392 2,575 3,731 13,021 2,335 0 0
Chile 0 0 0 0 0 0 0 0
Costa Rica 0 0 0 0 0 0 0 0
Mexico 422,335 8,807 397,352 182 15,994 0 0 224
United States 4,065,412 290,810 104,600 26,075 3,643,927 0 22,807 15,650
Europe
Austria 0 0 0 0 0 0 0 0
Belgium 0 0 0 0 0 0 0 0
Czech Republic 9,207 704 1,752 917 5,834 0 29 97
Denmark 16,026 5,113 10,493 420 0 0 284 0
Finland 0 0 0 0 0 0 0 0
France 0 0 0 0 0 0 0 0
Germany 0 0 0 0 0 0 0 0
Greece 0 0 0 0 0 0 0 0
Hungary 0 0 0 0 0 0 0 0
Ireland 0 0 0 0 0 0 0 0
Italy 48,802 9,048 20,182 6,243 13,329 0 401 0
Liechtenstein 1,352 437 179 89 647 0 110 125
Luxembourg5 415,033 66,617 58,608 11,341 261,359 17,108 0 0
Netherlands 0 0 0 0 0 0 0 0
Norway 35,242 16,105 3,963 1,049 14,052 74 1,729 0
Poland 0 0 0 0 0 0 0 0
Portugal 4,358 287 1,262 37 2,741 31 14 97
Romania 81 8 19 2 52 0 0 0
Russia 0 0 0 0 0 0 0 0
Slovakia 0 0 0 0 0 0 0 0
Spain 39,790 7,608 18,387 1,812 11,984 0 0 0
Sweden 71,661 41,776 8,842 3,784 15,151 2,108 3,861 663
Switzerland 18,882 4,779 1,132 807 12,164 0 1,578 122
Turkey 0 0 0 0 0 0 0 0
United Kingdom 18,270 14,266 2,500 665 839 0 547 583
Asia and Pacific
Australia 0 0 0 0 0 0 0 0
Hong Kong 31,343 17,629 2,535 1,079 1,890 8,210 1,640 294
India 2,730,660 117,970 415,440 7,990 2,181,450 7,810 0 2,330
Japan 23,657,456 4,082,812 19,152,947 0 421,697 0 150,589 481,255
Korea, Rep. of 207,251,880 3,354,977 17,082,142 11,897,550 170,841,127 4,076,084 0 839,882
New Zealand 0 0 0 0 0 0 0 0
Philippines 3,426 25 3,329 59 10 2 0 0
Taiwan 1,538,234 110,155 1,342,029 64,122 0 21,929 17,453 25,346
Africa
South Africa 83,529 9,777 2,095 5,245 53,648 12,764 133 3,620
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero indicates an amount that is less than 0.500 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 See Tables D.1-D.4 for definitions.
3 Sector equity is included in equity and in total.
4 Funds of funds are not included in total, except for Italy and Luxembourg.
5 Redemption data for Other Funds includes UCITS and Non-UCITS.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
MEMO:
Table 22
TOTAL REDEMPTIONS OF DOMESTIC AND FOREIGN/INTERNATIONAL
EQUITY, BOND, AND MONEY MARKET FUNDS,1 2005:Q4
Millions of units of local currency
Foreign/ Foreign/ Foreign/
Domestic International Domestic International Domestic International
Americas
Argentina 0 0 0 0 0 0
Brazil 0 0 0 0 0 0
Canada 4,369 5,023 2,221 354 12,384 637
Chile 0 0 0 0 0 0
Costa Rica 0 0 0 0 0 0
Mexico 3,908 4,899 152,003 245,349 15,335 659
United States 244,954 45,857 99,083 5,517 3,643,927 0
Europe
Austria 0 0 0 0 0 0
Belgium 0 0 0 0 0 0
Czech Republic 14 690 0 0 0 0
Denmark 1,024 4,089 0 0 0 0
Finland 0 0 0 0 0 0
France 0 0 0 0 0 0
Germany 0 0 0 0 0 0
Greece 0 0 0 0 0 0
Hungary 0 0 0 0 0 0
Ireland 0 0 0 0 0 0
Italy 1,587 7,461 0 0 0 0
Liechtenstein 2 435 0 0 0 0
Luxembourg 0 0 0 0 0 0
Netherlands 0 0 0 0 0 0
Norway 7,217 8,888 0 0 0 0
Poland 0 0 0 0 0 0
Portugal 82 205 0 0 0 0
Romania 8 0 19 0 52 0
Russia 0 0 0 0 0 0
Slovakia 0 0 0 0 0 0
Spain 2,399 5,208 0 0 0 0
Sweden 10,655 31,122 0 0 0 0
Switzerland 2,445 2,334 0 0 0 0
Turkey 0 0 0 0 0 0
United Kingdom 7,203 7,063 0 0 0 0
Asia and Pacific
Australia 0 0 0 0 0 0
Hong Kong 433 17,196 0 2,535 0 0
India 117,970 0 415,440 0 2,181,450 0
Japan 0 0 0 0 0 0
Korea, Rep. of 0 0 0 0 170,841,127 0
New Zealand 0 0 0 0 0 0
Philippines 25 0 3,329 0 10 0
Taiwan 83,089 27,067 1,326,699 15,330 0 0
Africa
South Africa 8,911 866 1,996 99 53,648 0
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero indicates an amount
that is less than 0.500 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 See Tables D.1-D.4 for definitions.
3 Sector equity, reported in a separate memoranda column in Table 21, is included in domestic and foreign/international equity.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
EQUITY2,3 BOND2 MONEY MARKET2
Table 23
TOTAL NET SALES BY TYPE OF FUND,1 2005:Q4
Millions of units of local currency
Balanced/ Money Other Sector Funds of
Total Equity2 Bond2 Mixed2 Market2 Funds2 Equity2,3 Funds2,4
Americas
Argentina 0 0 0 0 0 0 0 0
Brazil -494 1,134 -3,480 4,460 -2,515 -93 2 0
Canada 13,890 3,186 3,033 5,101 130 2,439 0 0
Chile 0 0 0 0 0 0 0 0
Costa Rica 0 0 0 0 0 0 0 0
Mexico 19,431 1,686 16,414 -49 1,380 0 0 102
United States 190,270 64,643 10,678 5,564 109,384 0 -1,156 33,088
Europe
Austria 3,100 246 1,906 1,173 -351 126 0 332
Belgium 0 0 0 0 0 0 0 0
Czech Republic 2,482 743 4 1,166 569 0 85 1,817
Denmark 22,678 10,845 4,826 7,007 0 0 -187 0
Finland -352 332 449 126 -1,188 -72 0 0
France -34,800 8,400 -37,200 2,000 -8,000 0 0 0
Germany -1,043 1,741 329 618 -3,699 -32 -394 719
Greece -2,210 -19 68 281 -2,540 0 0 493
Hungary -124,671 7,723 -132,045 -199 -2,961 2,811 1,582 13,587
Ireland 0 0 0 0 0 0 0 0
Italy -6,622 -1,442 -6,401 3,284 -2,064 0 -151 0
Liechtenstein 479 100 237 44 98 0 -9 47
Luxembourg5 62,284 30,333 15,499 4,086 -2,760 15,126 0 0
Netherlands -370 154 -30 -355 191 -331 0 0
Norway 37,073 3,594 7,190 1,796 24,273 220 -130 0
Poland 0 0 0 0 0 0 0 0
Portugal 152 49 -140 80 27 136 -1 360
Romania 44 19 10 25 -10 0 0 0
Russia 0 0 0 0 0 0 0 0
Slovakia 2,816 559 2,504 922 -1,169 0 0 2,323
Spain 3,172 3,242 -1,587 1,658 -141 0 0 0
Sweden 9,671 -2,556 2,481 4,849 2,465 2,432 -1,013 8,376
Switzerland 11,295 -75 11,421 470 -521 0 1,167 133
Turkey 0 0 0 0 0 0 0 0
United Kingdom 4,341 2,246 1,243 779 73 0 1,651 932
Asia and Pacific
Australia 0 0 0 0 0 0 0 0
Hong Kong -5,765 1,583 87 -213 -909 -6,313 1,318 7
India -115,940 40,390 -58,650 4,980 -105,540 2,880 0 2,100
Japan 3,876,592 3,319,513 671,314 0 -114,235 0 443 955,333
Korea, Rep. of 7,458,134 9,450,154 -5,281,234 3,774,281 -3,011,055 2,525,988 0 -293,664
New Zealand -210 -55 22 -112 76 -142 0 0
Philippines -685 8 -1,250 107 -1 451 0 0
Taiwan -320,390 -25,550 -241,555 -38,739 0 -14,546 -6,247 19,596
Africa
South Africa 11,734 287 455 7,440 -1,365 4,918 -34 2,517
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero or negative zero indicates an amount that is
between -0.499 million and 0.499 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 See Tables D.1-D.4 for definitions.
3 Sector equity is included in equity and in total.
4 Funds of funds are not included in total, except for France, Italy and Luxembourg.
5 Sales data for Other Funds includes UCITS and Non-UCITS.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
MEMO:
Table 24
TOTAL NET SALES OF DOMESTIC AND FOREIGN/INTERNATIONAL
EQUITY, BOND, AND MONEY MARKET FUNDS,1 2005:Q4
Millions of units of local currency
Foreign/ Foreign/ Foreign/
Domestic International Domestic International Domestic International
Americas
Argentina 0 0 0 0 0 0
Brazil 1,134 0 -4,052 571 -2,515 0
Canada 2,044 1,143 2,917 116 31 99
Chile 0 0 0 0 0 0
Costa Rica 0 0 0 0 0 0
Mexico 1,208 478 5,675 10,738 1,355 24
United States 22,322 42,321 10,207 471 109,384 0
Europe
Austria -70 316 0 0 0 0
Belgium 0 0 0 0 0 0
Czech Republic 61 682 0 0 0 0
Denmark 172 10,673 0 0 0 0
Finland 3 329 0 0 0 0
France 0 0 0 0 0 0
Germany -318 2,059 0 0 0 0
Greece -83 64 0 0 0 0
Hungary 572 7,151 0 0 0 0
Ireland 0 0 0 0 0 0
Italy -773 -668 0 0 0 0
Liechtenstein -1 102 0 0 0 0
Luxembourg 0 0 0 0 0 0
Netherlands -201 355 0 0 0 0
Norway -2,045 5,639 0 0 0 0
Poland 0 0 0 0 0 0
Portugal -26 75 0 0 0 0
Romania 19 0 10 0 -10 0
Russia 0 0 0 0 0 0
Slovakia 0 559 0 0 0 0
Spain 4 3,239 0 0 0 0
Sweden -964 -1,592 0 0 0 0
Switzerland -629 554 0 0 0 0
Turkey 0 0 0 0 0 0
United Kingdom 650 1,596 0 0 0 0
Asia and Pacific
Australia 0 0 0 0 0 0
Hong Kong 28 1,555 0 87 0 0
India 40,390 0 -58,650 0 -105,540 0
Japan 0 0 0 0 0 0
Korea, Rep. of 0 0 0 0 -3,011,055 0
New Zealand -25 -30 25 -3 76 0
Philippines 8 0 -1,250 0 -1 0
Taiwan -33,755 8,205 -240,098 -1,457 0 0
Africa
South Africa 419 -132 506 -51 -1,365 0
Note: Components may not sum to total because of rounding or missing components. An entry shown as zero or negative zero
indicates an amount that is between -0.499 million and 0.499 million.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 See Tables D.1-D.4 for definitions.
3 Sector equity, reported in a separate memoranda column in Table 23, is included in domestic and foreign/international equity.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
EQUITY2,3 BOND2 MONEY MARKET2
Table 25
NUMBER OF FUNDS BY TYPE OF FUND,1 2005:Q4
End of quarter
Balanced/ Money Other Sector Funds of
Total Equity2 Bond2 Mixed2 Market2 Funds2 Equity2,3 Funds2,4
World 56,863 23,284 13,177 11,422 3,536 3,317 1,368 4,129
Americas 13,766 6,307 4,033 1,966 1,201 259 496 2,473
Argentina 200 62 73 23 42 0 0 0
Brazil 2,685 402 1,182 932 47 122 13 1,989
Canada 1,695 1,004 192 291 104 104 0 0
Chile 683 149 202 212 87 33 0 0
Costa Rica 110 2 64 0 44 0 0 0
Mexico 416 102 305 3 6 0 0 9
United States 7,977 4,586 2,015 505 871 0 483 475
Europe 30,053 12,433 6,190 6,037 1,803 1,463 505 1,068
Austria 881 243 375 186 53 24 0 426
Belgium 1,391 1,174 110 91 15 1 110 77
Czech Republic 51 9 11 22 5 4 5 11
Denmark 471 282 160 29 0 0 34 0
Finland 333 187 58 47 32 9 0 0
France 7,758 2,925 1,274 2,934 625 0 0 0
Germany 1,076 499 311 187 47 32 51 193
Greece 247 105 66 44 32 0 0 11
Hungary 91 27 26 8 27 3 1 17
Ireland 2,127 0 0 0 0 0 0 0
Italy 1,035 422 292 282 39 0 48 0
Liechtenstein 200 102 46 46 6 0 12 34
Luxembourg5 7,222 2,663 1,946 893 496 1,224 0 0
Netherlands 515 236 81 53 10 135 0 0
Norway6 419 261 69 35 52 2 38 0
Poland 150 31 48 45 26 0 1 4
Portugal 169 59 50 22 25 13 9 33
Romania 23 8 6 7 2 0 0 0
Russia 257 94 57 103 3 0 0 4
Slovakia 43 7 16 11 9 0 0 7
Spain 2,672 1,339 732 445 156 0 0 0
Sweden 464 307 44 62 35 16 37 32
Switzerland 510 236 146 105 23 0 82 16
Turkey 268 125 45 51 47 0 4 0
United Kingdom 1,680 1,092 221 329 38 0 73 203
Asia and Pacific 12,427 4,346 2,913 3,158 506 1,504 355 361
Australia 0 0 0 0 0 0 0 0
Hong Kong 1,009 648 198 81 65 17 93 0
India 445 177 138 34 43 53 0 12
Japan 2,640 2,408 218 0 14 0 197 202
Korea, Rep. of 7,279 687 2,117 2,752 364 1,359 0 104
New Zealand 563 174 120 191 19 59 0 0
Philippines 32 6 17 7 1 1 0 0
Taiwan 459 246 105 93 0 15 65 43
Africa 617 198 41 261 26 91 12 227
South Africa 617 198 41 261 26 91 12 227
Note: Components may not sum to total because of missing components.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 See Tables D.1-D.4 for definitions.
3 Sector equity is included in equity and in total.
4 Funds of funds are not included in total, except for France, Italy and Luxembourg.
5 Number of funds data for Other Funds includes UCITS and Non-UCITS.
6 Funds of funds last reported 09/30/2003. As of that date, total number of funds of funds were 85.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
MEMO:
Table 26
NUMBER OF DOMESTIC AND FOREIGN/INTERNATIONAL
EQUITY, BOND, AND MONEY MARKET FUNDS, 1 2005:Q4
End of quarter
Foreign/ Foreign/ Foreign/
Domestic International Domestic International Domestic International
World 8,365 9,161 6,968 1,847 2,819 197
Americas 4,682 1,625 3,639 394 1,153 48
Argentina 62 0 73 0 42 0
Brazil 402 0 1,140 42 47 0
Canada 347 657 146 46 82 22
Chile 58 91 107 95 62 25
Costa Rica 0 2 58 6 44 0
Mexico 65 37 206 99 5 1
United States 3,748 838 1,909 106 871 0
Europe 3,100 6,670 2,955 1,208 1,207 90
Austria 12 231 163 212 24 29
Belgium 62 1,112 80 30 9 6
Czech Republic 1 8 2 9 3 2
Denmark 32 250 91 69 0 0
Finland 25 162 40 18 31 1
France 1,302 1,623 954 320 608 17
Germany 72 427 232 79 44 3
Greece 61 44 32 34 26 6
Hungary 12 15 24 2 27 0
Ireland 0 0 0 0 0 0
Italy 56 366 152 140 38 1
Liechtenstein 1 101 13 33 4 2
Luxembourg 0 0 0 0 0 0
Netherlands 48 188 0 0 0 0
Norway 83 178 58 11 51 1
Poland 22 9 30 18 26 0
Portugal 19 40 44 6 25 0
Romania 8 0 6 0 2 0
Russia 94 0 57 0 3 0
Slovakia 0 7 12 4 9 0
Spain 438 901 655 77 156 0
Sweden 101 206 42 2 32 3
Switzerland 72 164 59 87 4 19
Turkey 125 0 45 0 47 0
United Kingdom 454 638 164 57 38 0
Asia and Pacific 425 826 342 236 433 59
Australia 0 0 0 0 0 0
Hong Kong 14 634 0 198 6 59
India 177 0 138 0 43 0
Japan 0 0 0 0 0 0
Korea, Rep. of 0 0 0 0 364 0
New Zealand 47 127 98 22 19 0
Philippines 6 0 17 0 1 0
Taiwan 181 65 89 16 0 0
Africa 158 40 32 9 26 0
South Africa 158 40 32 9 26 0
Note: Components may not sum to total because of missing components.
1 Home-domiciled funds except for Hong Kong, Republic of Korea, and New Zealand, which include home- and foreign-domiciled funds.
2 See Tables D.1-D.4 for definitions.
3 Sector equity, reported in a separate memoranda column in Table 25, is included in domestic and foreign/international equity.
Source: National mutual fund associations; European Fund and Asset Management Association (EFAMA, formerly FEFSI) provides data
for all European countries except for Romania and Russia.
EQUITY2,3 BOND2 MONEY MARKET2
Table E.1
EXCHANGE RATES BY COUNTRY, 2005:Q4
Units of local currency per U.S. dollar
End of Quarter Quarterly Average1
Americas
Argentina 3.0300 2.9818
Brazil 2.3355 2.2510
Canada 1.1620 1.1736
Chile 512.0000 526.1357
Costa Rica 496.6530 492.1510
Mexico 10.6349 10.7088
United States 1.0000 1.0000
Europe
Austria2 0.8477 0.8415
Belgium2 0.8477 0.8415
Czech Republic 24.5825 24.6584
Denmark 6.3241 6.2762
Finland2 0.8477 0.8415
France2 0.8477 0.8415
Germany2 0.8477 0.8415
Greece2 0.8477 0.8415
Hungary 214.3511 211.9152
Ireland2 0.8477 0.8415
Italy2 0.8477 0.8415
Liechtenstein 1.3182 1.3019
Luxembourg2 0.8477 0.8415
Netherlands2 0.8477 0.8415
Norway 6.7687 6.6295
Poland 3.2720 3.2945
Portugal2 0.8477 0.8415
Romania 3.1092 3.0600
Russia 28.7414 28.7071
Slovakia 32.1099 32.3915
Spain2 0.8477 0.8415
Sweden 7.9584 7.9713
Switzerland 1.3182 1.3019
Turkey 1.3498 1.3575
United Kingdom 0.5809 0.5722
Asia and Pacific
Australia 1.3646 1.3447
Hong Kong 7.7545 7.7546
India 45.0500 45.4073
Japan 117.7500 117.2826
Korea, Rep. of 1,010.0000 1,035.8231
New Zealand 1.4626 1.4412
Philippines 53.0850 54.5051
Taiwan 32.8431 33.4583
Africa
South Africa 6.3288 6.5290
Note: End-of-quarter rates are used to convert assets in local currencies to U.S. dollars and euros. Quarterly average rates
are used to convert sales, redemptions and net sales in local currencies to U.S. dollars and euros.
Exchange rates reported in the table are rounded to the nearest one ten-thousandth (.0001) unit of local currency. Exchange rates used
in the conversion of assets and flows from local currencies to dollars and euros may utilize more significant digits. As a result,
assets and flows measured in dollars and euros may differ from values calculated using the exchange rates reported in this table.
1 Average of daily rates.
2 Members of the European Monetary Union; local currency is the euro.
Sources: European Central Bank, Bloomberg, and Tradeline International from SunGard Market Data Services.