Mutual Fund Update: Worldwide open-ended fund assets increase by 1.5 per cent
It’s not only in India, but the size of the open-ended asset under management (AUM) has witnessed a growth globally. According to Investment Company Institute (ICI) at the end of the first quarter of 2018, worldwide, AUM of the open-ended scheme has increased by 1.5 per cent to US$ 50.01 trillion. This excludes funds of funds. In terms of cash inflows, the first quarter received US$ 584 billion in the first quarter. This inflow is lower than US$ 687 billion in the last quarter of 2017.
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)
Part of the increase in AUM was due to depreciation in the dollar against other currencies. For example, on a US dollar-denominated basis, fund assets in Europe increased by 2.3 per cent in the first quarter, compared with a decrease of 0.5 per cent on a euro-denominated basis.