The assets of Irish domiciled investment funds have reached a record high and passed the €1 trillion mark.
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 EUR 1,008 billion as at the end of November 2011 – an increase of 40% on the assets held in November 2009, from EUR 711bn.
Irish funds recorded the highest level of net inflows in Europe in the first half of the year, the report from EFAMA revealed that Ireland saw net inflows of EUR 39bn in the first six months of 2011 – some EUR 7bn more than the next closest domicile. This report from EFAMA also noted that Ireland’s UCITS market share has increased to 13% compared to 11.5% at the beginning of 2011.
On the alternative side, managers gearing up for AIFMD are rapidly turning their sights to Ireland with figures for its AIFMD ready Qualifying Investor Fund (QIF) soaring.
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, EUR173bn 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% in the last 12 months.
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