06.12.2012 - Lipper: European funds industry continues to consolidate
The European mutual funds industry witnessed further consolidation in the third quarter as fund closures outnumbered new launches, data from Lipper shows. According to the analyst’s Fund Market Insight Report, a total of 404 funds were launched in Europe over the third quarter while 471 were liquidated and 241 mergers took place. “The results of the third quarter show the industry still consolidating its fund range,” the report said. “The net size of the European fund universe has gone down consistently since Q1 2011.”..............................................Full Article: Source
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