As of February 2021, Slovenian mutual funds manage EUR 3.4bn, representing an increase of 2.4% MoM.
For today, we decided to present you with a short asset structure analysis of Slovenian mutual funds. When looking at the graph below, one can notice that the Slovenian mutual funds have not significantly changed their asset structure during COVID-19 crisis.
As of February 2021, Slovenian mutual funds manage EUR 3.4bn, recording an increase for the 4th consecutive month (+2.4% MoM). It is worth noting that net contributions to the funds amounted to EUR 37.2m, representing one of the highest inflows since December of 2007. As a reminder, the funds already observed a very solid inflow of EUR 43.4m in January.
It is also worth noting that mutual funds experienced a full recovery after a considerable loss in March 2020 due to the crisis caused by the Covid-19 pandemic. As a reminder, after witnessing a 12.4% MoM decrease in March of 2020, Slovenian Mutual funds have fully recovered and are currently up by 16% compared to beginning of the pandemic. It is also important to add that we have not seen an outflow of funds in 2020 with only 2 months seeing negative contributions.
Net contribution in the Slovenian mutual funds (EUR m)
Turning our attention to the asset structure, as of February 2021, shares account for 69.5% of the total assets (or EUR 2.36bn). Shares observed an increase of 3.6% MoM. We note that the vast majority (97.5%) of equity holdings of Slovenian mutual funds come from the foreign market. Domestic equity holdings, which amount to EUR 58.8m have witnessed a slight decrease of 0.6% MoM.
Since the beginning of 2020, Slovenian mutual funds have observed a decrease in domestic equity holdings by 17.3%, while the current EUR 58.7m represents the one of the lowest positions in domestic equity since the inception of Regulator’s statistics.
Total Assets of All Slovenian UCITS Funds (Feb 2007 – Feb 2021) (EUR bn)