Belgian investment funds held assets totalling €228 billion at the end of the first quarter, according to data from the Financial Services and Markets Authority (FSMA).
This represents a 1.9% decrease, equivalent to €4.3 billion, primarily due to market developments, particularly in March. However, total assets remain €12 billion higher than they were a year ago.
During the first three months of the year, there were net subscriptions amounting to €4.2 billion, meaning more funds were subscribed than paid out, marking the highest figure since the first quarter of 2022.
Individual investors predominantly opted for mixed funds, accounting for nearly 40% of net assets, and equity funds, which comprised 37%. Pension savings funds made up 11.5% of the total.
The FSMA also assessed the impact of the trade tariffs initiated by US President Donald Trump in April, finding that this uncertainty has not resulted in increased net redemptions or liquidity risks.
