La presente informativa è resa, anche ai sensi dell’art. 13 del D. Lgs. 196/2003 “Codice in materia di protezione dei dati personali” (“Codice Privacy”) 
e degli artt. 13 e 14 del Regolamento (UE) 2016/679 (“GDPR”), a coloro che si collegano alla presente edizione online del giornale Tribuna Economica di proprietà di AFC Editore Soc. Coop. 

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In the third quarter of 2022, the outstanding amount of shares/units issued by investment funds other than money market funds stood at €14,513 billion, €342 billion lower than in the second quarter. Net redemptions during this period were €94 billion, with gross issues amounting to €1,002 billion and gross redemptions to €1,096 billion. The annual growth rate of shares/units

issued by investment funds other than money market funds, calculated on the basis of transactions, was 0.7% in the third quarter of 2022.

In terms of the type of investment fund, net redemptions of shares/units by equity funds amounted to €69 billion in the third quarter of 2022. For bond funds net redemptions amounted to €41 billion and net redemptions by mixed funds amounted to €1 billion, while net issues by real estate, hedge and other funds amounted to €16 billion.

Exchange-traded funds (ETFs), which are a separate category within total investment funds, recorded net redemptions of €2 billion in the third quarter of 2022. The outstanding amount of shares/units issued by ETFs stood at €1,195 billion.

Within the assets of investment funds other than money market funds, net sales of equity amounted to €74 billion in the third quarter of 2022. Net sales of debt securities were €46 billion and net purchases of investment fund shares/units were €2 billion.

For shares/units issued by money market funds the outstanding amount was €5 billion higher than in the second quarter. This increase was accounted for by €19 billion in net redemptions of shares/units and €24 billion in other changes (including price changes). The annual growth rate of shares/units issued by money market funds, calculated on the basis of transactions, was -3.3% in the third quarter of 2022.

Within the assets of money market funds, the annual growth rate of debt securities holdings was -11.0% in the third quarter of 2022, with overall net sales amounting to €48 billion, which reflected net sales of €44 billion in debt securities issued by non-euro area residents and net sales of €4 billion in debt securities issued by euro area residents. For deposits and loan claims, the annual growth rate was 20.7% and transactions during the third quarter of 2022 amounted to €20 billion.