The Austrian Financial Market Authority (FMA) published its Quarterly Report for Asset Management showing that market turbulence in the first quarter of 2025 reduced Austrian investment funds’ assets under management by 1.2% (EUR 2.8 billion) to EUR 227.8 billion, despite net inflows. The report also provides an implementation update on the European Securities and Markets Authority (ESMA) Guidelines on the use of ESG or sustainability-related terms in fund names. Mixed funds remained the largest category at EUR 104.1 billion (down 1.4% quarter-on-quarter), followed by bond funds at EUR 62.9 billion (almost unchanged), equity funds at EUR 46.2 billion (down 1.7%) and real estate funds at EUR 7.7 billion (down 4.5%). Across 2,102 Austrian funds approved for distribution, net inflows totalled EUR 624 million, driven by equity funds (EUR 1.088 billion) and bond funds (EUR 215 million), while mixed funds (EUR 347 million) and real estate funds (EUR 325 million) saw net outflows. On ESMA’s ESG naming Guidelines (implemented from 21 May 2025), 239 Austrian funds were in scope; 186 funds (EUR 38.2 billion) amended their fund rules to meet the requirements, while 53 funds (EUR 5.46 billion) removed ESG references from their names or closed, resulting in almost 80% compliance by number and 90% by volume.
Austria Financial Market Authority 2025-07-04
Austrian Financial Market Authority quarterly report shows Q1 2025 fall in investment fund assets and strong uptake of ESMA ESG naming rules
The Austrian Financial Market Authority's Quarterly Report reveals a 1.2% decrease in Austrian investment funds’ assets under management to EUR 227.8 billion in Q1 2025, despite net inflows. Mixed funds remained the largest category, while equity and real estate funds experienced notable declines. The report highlights that 80% of Austrian funds complied with the European Securities and Markets Authority's ESG naming guidelines, with 186 funds amending rules and 53 removing ESG references or closing.