Net assets of publicly distributed funds increased by 24.05 billion euros (20.5%) in Belgium in 2014. In the fourth quarter alone, the Belgian funds industry registered a hike of 4.5% (6.05 billion euros), “fed by large net subscriptions and an increase in the price of underlying assets,” reported BEAMA (Belgian association of asset managers) on Tuesday. At the end of 2014, net assets of publicly distributed funds reached 141.58 billion euros in Belgium. Equity funds managed to raise their outstanding circulation by 8.78 billion euros (24.6%) over 2014.
Thee net value of funds with capital protection increased by 1.11 billion euros (10.3%).
Lastly, joint funds registered the most striking hike in 2014 as their net value increased by 25.7% (7.97 billion euros).
Within the joint funds sector, pension savings funds progressed by 2.3% in the fourth quarter of 2014. Net assets increased by 0.35 billion euros to reach a total of 15.61 billion at the end of 2014. “This confirms 2014 was record-breaking year. Overall, in 2014, pension savings funds rose by 1.28 billion euros (8.9%),” pointed out a BEAMA press release.
Christopher Vincent (Source: Belga)