... of Investment Funds (Billions of euros)USA 2011 Europe (1) 2011 World (2) 2011 201020102010 7,8007,6723,9464,0383,4983,4132,0252,045 2011: Q1 2011: Q2 2011: Q1 2011: Q2 2011: Q1 2011: Q2 ... 3%(1) 2011: Q2 compared to 2011: Q1.(2) 2011: Q2 compared to 2011: Q1, using the euro as the local currency for Europe.(3) Including funds of funds.BrazilGeographical Trends by Type of Fund, 2011: Q2 ... into account funds of funds, investment fund assets worldwide increased 1.7 percent in the second quarter of 2011, to US$28.17 trillion. On a U.S. dollar–denominated basis investment fund assets...