money market funds decreased to EUR 1,174 billion from EUR 1,202 billion.
The transactions in shares/units issued by euro area investment funds other than money market funds amounted to EUR 130 billion in the first quarter of 2010, while the transactions in shares/units issued by money market funds amounted to EUR -44 billion.
The annual growth rate of shares/units issued by euro area investment funds other than money market
funds, calculated on the basis of transactions, was 11.9% in March 2010. For the same period, the annual growth rate of shares/units issued by euro area money market funds was -10.2%.
Regarding the assets of euro area investment funds other than money market funds, the annual growth rate of securities other than shares was 16.3% in March 2010, with transactions amounting to EUR 66 billion during the first quarter. In the case of shares and other equity the corresponding annual growth rate was 15.8%, with first-quarter transactions of EUR 30 billion. For
holdings of investment fund shares/units the annual growth rate was 8.3%, with first-quarter transactions of EUR 30 billion.
In terms of the breakdown by investment policy, the annual growth rate of shares/units issued by
bond funds was 17.4% in March 2010. The transactions in shares/units issued by bond funds amounted to EUR 73 billion in the first quarter of 2010. The respective annual growth rate and transactions of equity funds were 15.6% and EUR 17 billion. For mixed funds the corresponding figures were 4.1% and EUR 8 billion.
Regarding the assets of euro area money market funds, the annual growth rate of securities other
than shares was -4.7% in March 2010 (within this item, the annual growth rate of securities issued by euro area residents was -4.7%), with transactions amounting to EUR -27 billion during the first quarter; for deposit and loan claims the annual growth rate was -25.6% and transactions equalled EUR -6 billion. For holdings of money market fund shares the annual growth rate was -28.7% with transactions of
EUR -7 billion.