Trillions in Motion. The Effect of the Capital Markets Union on European Investment Trends

A penny saved is a penny earned

Benjamin Franklin

EFAMA’s latest data confirms continued growth in the European asset management. Total assets under management reached a new all-time high of €32.7 trillion by the end of Q3 2024 in Europe.

But the real story this time lies beyond the headline figures. Two underlying trends resulting from the report by EFAMA seem to suggest that a more structural development is underway in European capital markets.

Over a decade in the making - and soon to be replaced by yet another Union - the Capital Markets Union may have begun to deliver on its core objectives and promises. The indicators contained in the EFAMA report support the view that Europe is finally making some welcome progress towards the achievement of more integrated and accessible capital markets.

With the recognition that digitalization is an integral part of nowadays distribution mechanisms, the Cross border Distribution Directive can be rightly considered the main driver behind the recent shift of the Capital Markets Union from goal to tangible reality