The total assets of euro area investment funds decreased to EUR 5,015 billion at end-June 2008, from EUR 5,161 billion in March 2008.1 This development was mainly due to a fall in the amount outstanding of both securities other than shares, from EUR 1,858 billion to EUR 1,807 billion, and shares and other equity, from EUR 1,670 billion to EUR 1,624 billion.