The value of assets managed by management companies increased by 5.8% in the first quarter of 2024. Unit investment funds (UIFs) exhibited the highest growth in assets, maintaining 60% of the total assets under management.
The inflow of funds was primarily driven by closed-end UIFs focused on corporate investors. Additionally, there was significant demand for closed-end UIFs targeting general retail investors, with strategies aimed at investing in commercial real estate, particularly warehouse facilities.
Assets under management for retail funds also experienced growth. A major portion of the inflow came from exchange-traded UIFs focused on short-term placements of client funds in money market instruments, as well as from open-end UIFs paying distributions.
In the first quarter of 2024, the overall number of unit holders increased by 1.1 million to a total of 10.9 million people.
More details are available in the Review of Key Indicators of Management Companies for Q1 2024.