Lipper highlights slowdown in European fund activity
The ‘Launches, Liquidations & Mergers in the European Mutual Fund Industry: Q1 2015’ report by Lipper has revealed an overall slowdown in the fund launches activity in Europe.
As of the end of March 2015 there were 32,040 mutual funds registered for sale in Europe. Luxembourg continued to dominate the fund market in Europe, hosting 8,983 funds, followed by France, where 4,712 funds were domiciled, Lipper reported.
During Q1 2015, 399 funds were launched in Europe. The quantity of newly launched products showed the lowest value, comparing the previous five first quarters (since 2011).
Compared with the peak in Q1 2011, the number of newly launched products for Q1 2015 showed a decrease of around 50%. Compared with Q1 2014, it was still a decrease of 26%.
The number of liquidations went down approximately 11%, comparing Q1 2015 with Q1 2014—to 387 from 437, which was the lowest number of liquidations in the five-year observation period.
During the same period the number of fund mergers went down a similar 26%, from 263 for Q1 2014 to 194 for Q1 2015, meaning that Q1 2015 also showed the lowest number of fund mergers in the observation.