UCI Comparison May/June 2012: ALFI Monthly Statistical Summary
In May 2012 the total number of Funds was 3,874; in June 2012 this was slightly lower at 3,867. Both figures have increased since January 2012, when there were 3,837 funds. The number of Fund units (traditional funds + sub-funds) was again higher in May 2012 at 13,412, compared to June’s 13,407. In January, this figure was 13,273. Net Assets (Eur bn) were however higher in June at 2,224,479, compared to 2,212,027 in May 2012. These figures are up from January, when Net Assets were 2,156.081 (Eur bn). This means there was a 0.56% growth rate of net assets from May, a 6.10% growth from January 2012, and 12 months growth rate of 1.81%.
In June 2012 the Number of Umbrella Funds was 2,449, which is a reduction from May 2012 when there were 2,452. In January the number was 2,421. The number of Traditional Funds also saw a reduction, 1,418 in June compared to 1,422 in May. This is a slight increase from when there were 1,416 Traditional Funds. The number of Sub-funds in June was also marginally lower in June 2012, 11,989 compared to 11,990 in May. In January 2012 this figure was 11,989. Total net assets were however higher in June 2012, at €2,224,479 bn, compared to €2,212,027 bn in May. This is also an increase since January, when total net assets €2,157,081 bn.
There was a vast decrease in Net subscriptions/redemptions in June 2012, at €-2,081 bn compared to May when figures were €4,669 bn. These figures are both reductions from January, when net subscriptions/redemptions were €5,163 bn. Market performance was higher in June 2012 at €14.533 bn compared to €-18,242 bn in May. Market performance was higher in January 2012 at €55,406 bn.
In June 2012, the growth of number of funds was 0.57% from January 2012, and 3.15% since June 2011. The growth rate of the number of units in June 2012, compared to January was 0.85%, and compared to June the following year was 1.85%.
The number of banks in June 2012 decreased by 1 compared to May, from 143 to 142. There were 143 banks in January 2012. The balance sheet in June was higher at €797.299 bn than in May when it was 784.132 bn. In January it was €793,987 bn. Employment remained the same between the two months, at 26,622 persons. This was higher in January at 26,695 persons. The number of SICARs decreased from 277 in May 2012 to 273 in June. It was also 273 in January. The number of Management Companies under chapter 15 law remained the same between May and June at 178, but rose under chapter 16 law from 191 in May to 195 in June 2012.
The number of PSF in June 2012 was higher than May, 323 compared to 320. In January, this number was 319. The balance sheet total was also higher in June at €15,896 bn compared to €14.704 bn in May. Estimated new profits also increase from €266,887 mio in May to €48,699 mio in June. This was higher in January, when they were €693,608 mio. The number of central administrations increased from 133 in May 2012 to 144 in June. The number was lower in January when there were 132. The number of custodians remained the same between the two months at 66. It was also 66 in January. The number of self-managed SICAVs/SMIC decreased from 176 in May 2012 to 173 in June. In January it was 175. The number of units of SMIC decreased 1,437 in May 2012 to 1,309 in June. It was higher in January at 1,457. The net assets of SMIC also decreased from €385 bn in May to €331 bn in June. In January 2012 it was €354 bn. The number of pension funds remained the same at 15. It was also 15 in January. The number of securitisation vehicle increased slightly from 30 in May 2012 to 32 in June. This is an increase from January when there was 29.
The population of Luxembourg increased from 511,840 in May 2012 to 524,853 in June 2012. Inflation remained the same at 2.5%. GDP (in value) increased slightly from €42.635 bn in May 2012, to €43.822 bn in June. For both months, the percentage of growth in GDP since: 2008 was 0.8%, 2009 was -5.3%%, 2.7% from 2010, and 1.6% from 2011. Forecasts are at 1% for 2012 and 2.4% for 2013. Unemployment rate remained the same at 6.1% between the two months. This has risen from when it was 5.9% in January.