irish serviced assets highest since 2008
Total net assets in Irish-serviced funds grew by almost 30% in the 12 months ending 30 June, according to the Lipper Ireland Fund Encyclopaedia.
Total net assets in Irish-serviced funds grew by almost 30% in the 12 months ending 30 June, according to the Lipper Ireland Fund Encyclopaedia.
The mutual funds universe in Europe has shrunk by 390 funds since the start of the year, according to a Lipper Research Report.
Long-term funds in Europe suffered redemptions of 46.2bn in September, as continued market volatility in the month sent investors running scared.
Fund assets serviced in Jersey grew by 20% in the 12 months ending June 30, according to Lipper.
Lipper says the number of mutual fund launches in Europe reached a five-year low in 2010.
Lipper FMI’s European fund flow stats show investors moving to fixed income and money market funds.
Data from Efama and Lipper shows bond funds saw considerable outflows in Europe in November.
Total net sales of long-term funds dipped slightly in September while bonds continue to form bedrock
Fund houses continue to launch funds domiciled In Ireland, according to the latest data from Lipper.
Fund sales more than doubled, month-on-month in August according to Lipper.
The European funds industry suffered a mass exodus of client money during May.
European fund managers enjoyed their best first quarter for three years.