A total of 31,942 mutual funds were registered for sale in Europe as of the end of June, Lipper latest report on launches, liquidation and mergers has revealed.
Luxembourg, hosting 8,830 funds, continued to dominate the fund market in Europe, followed by France, where 4,722 funds were domiciled.
Q2 2014 witnessed the launch of 518 funds: 183 equity funds, 140 bond funds, 114 mixed-asset funds, 74 “other” funds,and 7 money market funds.
During the same period 402 funds were liquidated: 133 equity funds, 76 bond funds, 80 mixed-asset funds, 96 “other” funds, and 17 money market funds
For Q2 2014, 518 funds were created in Europe. During the same period 402 funds were liquidated and 257 were merged. A total of 659 funds (402 liquidations and 257 mergers) were withdrawn from the market, while only 518 new products were launched.
As the Lipper report showed, the number of fund launches in Q2 was 20% higher compared with the same period last year. On the other end, the number of liquidations went down by 20% compared with Q2 2013. Fund mergers went also down by 28% compared with the second quarter of 2013.