In April 2022, the total assets under management of the Slovenian mutual funds amounted to EUR 4.1bn, a decrease of -2.4% MoM, but an increase of 10.2% YoY.
The Slovenian Securities Market Agency has published its monthly report on the changes recorded by the Slovenian mutual funds. In April 2022, the Slovenian mutual funds had a total of 4.1bn of AUM (assets under management), representing a decrease of -2.4% MoM, -5.8% YTD, but an increase of 10.2% YoY. The decline in equity is something that has been experienced across the world, but especially in Europe and the US, as the current inflation is forcing the Central Banks (Fed, ECB) to increase interest rates and end the quantitative easing.
Equity Holdings of Slovenian UCITS funds (EURm)
The decrease in the AUM of the Slovenian mutual funds can be seen in both the domestic and foreign equity holdings. In April, domestic equity holdings amounted to EUR 66.8m, a decrease of -2.6% MoM, but still an increase of 6.3% YoY. Looking over to the foreign equity holdings, they amounted to EUR 2.78bn, a decrease of -2.8% MoM, but an increase of 10.8% YoY.
Looking at the asset structure of these funds, in April 2022, shares amounted to 69.7% (or EUR 2.84bn) a decrease of -0.4 p.p. MoM, but a still slightly positive increase of 0.3 p.p. YoY. The second largest asset class, bonds, amounted to 15.9% of the total assets, a decrease of -0.1 p.p. MoM, -0.3 p.p. YoY. Next up, we have the money market, deposits & cash, which accounted for 7.1% of total assets, an increase of 0.8 p.p. MoM, and 1.2 p.p. YoY. Finally, we have the investment funds, which accounted for 6.8%, a decrease of -0.2 p.p. MoM, 1.1. p.p. YoY.
Total assets of Slovenian mutual funds (EURbn)
What can be taken away from this data is something that is seen on the market across the world today, i.e. the decreasing amount of investment into shares (or it losing value). This is followed by bond holdings, which remain at roughly the same level (as they carry low levels of risk), and an increase in the cash & deposits, as this is the most liquid type of asset class and one that carries the lowest risk.
Finally, taking a look at the net contributions of the funds, in April 2022, they amounted to EUR 16.1m. Meanwhile, in the last twelve months, the net contributions amounted to EUR 358.9m, which compared to the same period in 2021, is an increase of 17%. Furthermore, the total number of subscribers amounted to 499,997 in April, which represents an increase of 4.8% YoY.
Net contributions in the Slovenian mutual funds (EURm)
