Exhibit 11: Worldwide Net Sales of Regulated Open-End Funds (EUR billions)

Exhibit 11: Worldwide Net Sales of Regulated Open-End Funds (EUR billions)

Net sales of regulated open-ended funds amounted to EUR 197 billion in Europe, mainly driven by net inflows in Luxembourg (EUR 52 billion), France (EUR 49 billion) and Ireland (EUR 36 billion). The United States recorded net outflows of EUR 107 billion in the third quarter, mainly due to the strong net outflows from money market funds (EUR 197 billion) and equity funds (EUR 124 billion).

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EFAMA – EUROPEAN FUND ASSET MANAGEMENT ASSOCIATION

Source of Datas: EFAMA – EUROPEAN FUND ASSET MANAGEMENT ASSOCIATION, page. 6. https://bit.ly/3o5bXEk