We use cookies to improve site performance and enhance your user experience. If you'd like to disable cookies on this device, please see our cookie management page.
If you close this message or continue to use this site, you consent to our use of cookies on this devise in accordance with our cookie policy, unless you disable them.

In association with

Home > Investments > European

By Nick Reeve | Published May 24, 2012

Product consolidation continuing: Lipper

European fund managers are still consolidating their fund ranges with more closures and mergers than launches in the first quarter, according to data from Lipper.

The figures show the first three months of 2012 saw the lowest number of new launches for a first quarter period in five years. A total of 506 funds were launched during the period compared with 994 in the first quarter of 2008, marking a 49 per cent decrease compared with the peak in the first quarter of 2008.

In total there were 1,032 fewer funds available for sale in the first quarter of 2012 than in the first quarter of 2011.

This week Investment Adviser’s Mid-Year Monitor found that the number of funds in danger of closure has increased for the second year running.

visible-status-Standard story-url-IA web 240512 lipper.xml

Most Popular
More on FTAdviser