European funds suffer 18bn outflow
The European funds industry suffered a mass exodus of client money during May.
Lipper
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Bond funds continue to buoy European fund sales
European fund managers enjoyed their best first quarter for three years.
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Europeans pay more for their funds: Lipper research
Europeans pay more for their investment funds than US investors do, owing to higher distribution fees and other costs, according to a report by Lipper FMI, the funds research organisation.