Luxembourg continued to dominate the fund market in Europe, hosting 8,617 funds, followed by France, where 4,797 funds were domiciled, according to Lipper's ‘Launches, Liquidations & Mergers in the European Mutual Fund Industry: Q4 2013' report.
Luxembourg continued to dominate the fund market in Europe, hosting 8,617 funds, followed by France, where 4,797 funds were domiciled, according to Lipper’s ‘Launches, Liquidations & Mergers in the European Mutual Fund Industry: Q4 2013′ report.
As of the end of December 2013, there were 31,724 mutual funds registered for sale in Europe. For Q4 2013, 521 funds were created in Europe. During the same period, 585 funds were liquidated and 337 funds were merged. Those are the main findings of Lipper’s report at the end of December 2013.
Q4 2013 also witnessed the launch of 521 funds: 189 equity funds, 135 bond funds, 154 mixed-asset funds, 37 “other” funds, and 6 money market funds.
During the same period, the following 585 funds were liquidated: 174 equity funds, 74 bond funds, 136 mixed-asset funds, 183 “other” funds, and 18 money market funds, Lipper also reported. The number of liquidations went down approximately 3%, comparing 2013 with 2012, to 2,010 from 2,062, Lipper also said.
At the same time, 337 funds were merged: 125 equity funds, 79 bond funds, 77 mixed-asset funds, 13 “other” funds, and 43 money market funds.
Providing a fund breakdown, Lipper highlighted that equity funds dominated the scene with 37% of the funds available for sale, followed by mixed-asset funds at 26%. Bond funds stood at 22%, while money market funds represented 5% of the market. The remaining 10% of “other” funds were real
estate funds, commodity funds, guaranteed funds, and funds of hedge funds.
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