Belgian Investment Funds See Sharp Decline in Value Due to Stock Market and Interest Rate Fluctuations in 2022

Belgian non-monetary investment fund units experienced a sharp decline in value in 2022 due to negative valuation effects resulting from stock market fluctuations and rising interest rates, amounting to -€34.9 billion. Despite this, transactions were up slightly (+€0.9 billion), driven by household investment (+€8.5 billion). Mixed funds remain the largest category of investment fund marketed in Belgium, with liabilities totaling €91.3 billion, followed by equity funds, pension funds, bond funds, and index-linked funds. Belgian households are the main holders of the units issued by investment funds, representing 59.6% of the total outstanding units.