The European Fund and Asset Management Association (EFAMA) released its International Quarterly Statistical Release for Q3 2025, showing worldwide investment fund net assets rose 4.8% in euro terms to EUR 78 trillion (USD 91.1 trillion) while net sales of long-term funds remained positive but eased to EUR 351 billion. Equity funds flipped to net outflows of EUR 103 billion, driven by EUR 227 billion of outflows from the United States, which EFAMA linked to investor concerns about potential corrections in technology stock valuations, while Europe still recorded EUR 64 billion of equity inflows. In local currency, net assets in the two largest markets rose 5.4% in the United States and 4.1% in Europe. Europe led long-term fund net sales at EUR 237 billion (including EUR 111 billion in Ireland), while the United States saw net outflows of EUR 23 billion; China recorded EUR 35 billion of inflows, down from EUR 128 billion in Q2. Bond funds attracted the strongest inflows at EUR 363 billion (United States EUR 212 billion; Europe EUR 113 billion, driven by Ireland EUR 43 billion and Luxembourg EUR 42 billion), and global ETFs took in EUR 486 billion (United States EUR 313 billion; Europe EUR 91 billion). Money market funds registered EUR 351 billion of inflows, largely from the United States (EUR 251 billion), with Europe adding EUR 39 billion and China EUR 58 billion.
European Fund and Asset Management Association 2025-12-11
European Fund and Asset Management Association publishes Q3 2025 statistics showing global equity fund outflows as worldwide fund assets rise to EUR 78 trillion
The European Fund and Asset Management Association's Q3 2025 report shows global investment fund net assets rose by 4.8% to EUR 78 trillion, with long-term fund net sales at EUR 351 billion. Equity funds had net outflows of EUR 103 billion due to U.S. concerns over tech stock valuations, while Europe saw EUR 64 billion in equity inflows. Bond funds and global ETFs attracted significant inflows, with bond funds at EUR 363 billion and ETFs at EUR 486 billion. Money market funds saw EUR 351 billion in inflows, mainly from the U.S.