December 2025 Sees Significant Net Outflow, but Overall Performance Remains Strong
December 2025 recorded a significant net outflow of 705.2 billion, but this did not prevent the year from ending on a high note, with a total net inflow of 1,492.3 billion. The evolution of January 2026 will be crucial in determining whether this decline marks the beginning of a withdrawal trend or was simply a year-end repositioning move.
Global Net Assets Surge in January 2026
At the end of the first month of the new year, global net assets jumped by 646.7 billion to reach 9,143.4 billion, recovering a significant portion of the outflows recorded the previous month. Compared to the same period in 2025, this growth is twice as high, at 317.9 billion. In 2024, the increase was only 132.6 billion.
Breakdown of Net Inflows by Fund Type
This increase is primarily driven by:
- Bond funds: +586.4 billion
- Mixed funds: +57.2 billion
- Equity funds: +3.1 billion
Positive Signals for 2026
Although it is still early to draw definitive conclusions about the year, the initial signs are positive. The decline in interest rates, including those for bank savings, should reduce the attractiveness of traditional investments. For collective investment schemes, even if they have to reinvest at lower rates, they already have a stock of higher-yielding investments, which will enable them to deliver solid performance in 2026.
Investors Flock to Collective Investment Schemes
These factors confirm that the past performance of collective investment schemes, which has been significantly better than that of other forms of savings, has convinced investors to reallocate their capital to these vehicles from the start of the year.
