Irish Domiciled Funds Exceed €1 Trillion


“This is excellent news and the fact that Irish domiciled assets have reached an all time high is truly testament to the excellence, innovation and reach the jurisdiction provides.”
Gary Palmer, Chief Executive of the Irish Funds Industry Association (IFIA)
January 9, 2012
The assets of Irish domiciled investment funds have reached a record high and passed the €1 trillion mark. Figures from the Central Bank report that the total Irish domiciled assets hit an all time high of in excess of €1 trillion Euro– up 40% from the end of 2009.

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 per cent on the assets held in November 2009, from EUR 711 billion. This milestone is a suitable climax for what has been another exceptional year for the Irish funds industry.

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 39 billion in the first six months of 2011 – some EUR 7 billion more than the next closest domicile. This report from EFAMA also noted that Ireland’s UCITS market share has increased to 13 per cent compared to 11.5 per cent 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, EUR173 billion 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 per cent in the last 12 months.

Gary Palmer, Chief Executive of the Irish Funds Industry Association (IFIA), said: “Reaching and exceeding the €1 trillion mark is a significant industry milestone and is truly testament to the excellence, innovation and reach of Ireland as a partner to the international investment fund industry”

Ken Owens, Chairperson of the IFIA said: “This record success for Ireland in terms of both alternative investments and UCITS demonstrates that Ireland is the fund managers’ domicile of choice, providing solutions to all aspects of the funds industry.

Employing more than 11,000 industry professionals Ireland is one of the world’s
leading fund domiciles and administration centres, servicing assets in over 11,000 funds.

More than 895 fund promoters from over 50 countries use Ireland as an international fund hub.

IFIA, Irish Funds Industry Association

Tel: +353(01)675-3200

Related articles