European fund launches decline
518 mutual funds were launched in Europe during Q2 2014, according to Lipper. A small decrease from the previous quarter.
The European fund universe showed a negative trend in the total number of funds. Since Q2 2011 there has been a net decrease of 141 products.
Over the 518 funds launched in Q2 2014 183 were equity funds, 140 were bond funds, 114 were mixed-asset funds, 74 were “other” funds, and 7 were money market funds.
Q2 2014 also 257 fund mergers: 82 equity funds, 76 bond funds, 67 mixed-asset funds, 11 “other” funds, and 21 money market funds. This represented a decrease of 28% from 355 in Q2 2013.
Investor uncertainty regarding Russia and Ukraine is leading to lower launch activity by fund promoters.
Additionally, the first phase of the Alternative Investment Fund Manager directive is causing hindrance in some instances for the launch of new products in the first half of 2014.
The strong performance from regulators in Luxembourg and Ireland in processing AIFM directive-related applications is securing their position as the leading fund hubs in Europe.
With 13,552 funds Luxembourg (8,830) and France (4,722) host approximately 42% of the mutual funds registered for sale in Europe.
The European fund universe showed a negative trend in the total number of funds. Since Q2 2011 there has been a net decrease of 141 products.
Over the 518 funds launched in Q2 2014 183 were equity funds, 140 were bond funds, 114 were mixed-asset funds, 74 were “other” funds, and 7 were money market funds.
Q2 2014 also 257 fund mergers: 82 equity funds, 76 bond funds, 67 mixed-asset funds, 11 “other” funds, and 21 money market funds. This represented a decrease of 28% from 355 in Q2 2013.
Investor uncertainty regarding Russia and Ukraine is leading to lower launch activity by fund promoters.
Additionally, the first phase of the Alternative Investment Fund Manager directive is causing hindrance in some instances for the launch of new products in the first half of 2014.
The strong performance from regulators in Luxembourg and Ireland in processing AIFM directive-related applications is securing their position as the leading fund hubs in Europe.
With 13,552 funds Luxembourg (8,830) and France (4,722) host approximately 42% of the mutual funds registered for sale in Europe.
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