2.0 SWF IME 3.6 CB Reserves 9.0 Insurance 17.0 Mutual Funds 18.9 Pension Funds 30.0 0 5 10 15 20 25 30 Sources :Mckinsey, Bluegold, IFSL Research The big sellers of EURs so far have been the CTAs and hedge funds, which, as the chart above shows, together control `only' US$2.1 trillion in AUM.

2.0 SWF IME 3.6 CB Reserves 9.0 Insurance 17.0 Mutual Funds 18.9 Pension Funds 30.0 0 5 10 15 20 25 30 Sources :Mckinsey, Bluegold, IFSL Research The big sellers of EURs so far have been the CTAs and hedge funds, which, as the chart above shows, together control `only' US$2.1 trillion in AUM.

Mutual Funds Pension Funds IIIIIIIIIIII 3.6 Assets under Management 9.0 17.0 18.9 30.0 0 5 10 15 20 25 30 Sources: Mckinsey, Bluegold, IFSL Research The big sellers of EURs so far have been the CTAs and hedge funds, which, as the chart above shows, together control `only' US$2.1 trillion in AUM.