The third quarter of 2026 ended with higher assets, capital inflows and positive returns for Greece’s institutional asset management market.
According to an announcement by the Association of Institutional Investors (AII), total assets under management in the institutional asset management sector stood at €55.26bn at the end of the third quarter of 2026, up 4.37% from the previous quarter and 12.63% from the end of 2025.
A closer look at the individual categories of institutional asset management:
- As at 30 September 2026, the total market of UCITS managed by Greek UCITS management companies had grown by 3.4% in assets from the previous quarter and by 15.9% since the start of the year, with total assets under management reaching €34bn. This comprised €25.7bn in UCITS under Law 4099/12, up 13.8%, and €8.3bn in EU UCITS, up 22.9% since the start of the year.
- During the third quarter of 2026, capital flows into UCITS remained positive, at €765m, bringing total inflows since the start of the year to €2,810m. The largest inflows since the start of the year were recorded by international bond UCITS (€1,290m), complex and special-type UCITS (€336m), mixed UCITS (€309m), developed markets equity UCITS (€265m) and Greek bond UCITS (€215m).
ESG UCITS:
As at 30 September 2026, the Greek ESG market comprised 50 Article 8 UCITS under the Regulation, in the equity, mixed, bond and funds-of-funds categories, with total assets of €3.04bn, up 21% since the start of the year.
As for returns, all individual categories posted gains except bond UCITS, which were affected by developments in energy and interest rates, as well as fiscal pressures in international bond markets.
The highest returns were recorded in the following categories:
- Greek equity UCITS 30.77%
- Equity index UCITS 30.70%
- US equity UCITS 20.21%
- Emerging markets equity UCITS 16.72%
- International equity UCITS 16.13%
- Equity funds-of-funds UCITS 15.16%
- In asset management, assets under management rose 7.48% from the previous quarter and 16.96% from the end of 2025, to €14.97bn. This includes institutional portfolios of Occupational Pension Funds managed by AII members.
- Assets held by Alternative Investment Organisations (AIOs and investment companies) and managed by AII members stood at €961m, including private equity portfolios worth more than €650m.
- Total real estate investments by Real Estate Investment Companies (REICs) stood at €5.3bn as at 30 June 2026, the latest published data, up 2.22% from 31 December 2025. Total assets of REICs fell marginally by 3.66% from 31 December 2025, to €6.19bn.