04 April 2017
Frankfurt
Reporter: Drew Nicol

EU beneficial owners see asset dropoff


Euro area insurance corporations and pension funds both saw their overall assets decrease in the final months of 2016.

Total assets of pension funds fell to €3,404 billion in Q4, from €3,476 billion in the previous quarter.

Likewise, insurance providers’ assets dropped to €7.7 trillion, from €7.8 trillion over the same period.

Data from the European Central Bank (ECB) broke down the balance sheets for both types of beneficial owners in the EU.

For both pension funds and insurance providers, holdings of investment fund shares accounted for 44 percent of sector total assets at the end of 2016.

The remainder of pension fund balance sheets were divided between debt securities (24 percent) and equities (13 percent).

For insurance companies, investment fund shares made up the second largest category of holdings with 24 percent, with equities and loans accounting for 10 percent and 8 percent respectively.

The drop off of insurance provider assets was attributed to “a decrease in value of corresponding assets, marginally offset by transactions amounting to €4 billion”.

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