2012 fund sales greater in Europe than US

Fund managers sold more mutual funds in Europe than in the US in 2012, research shows.

The data also show that cross-border funds continue to rise in importance in Europe compared to funds sold domestically.

Long-term mutual fund sales in Europe (excluding money market funds and exchange-trade funds) in euro terms totalled €212.2 billion compared to €175.1 billion in the US, according to the Lipper Annual European Fund Market Review.

Including money market funds the respective totals were €217 Billion and €228.5 billion.

Cross-border funds in Europe attracted inflows of €220.7 billion in 2012, compared with just €9.7 billion for European funds only sold domestically.

Ed Moisson, head of UK and cross-border research at Lipper, says: “Analysis included in this report sheds new light on the importance of the internationalisation of the European funds industry, as well as the sheer scale of investors’ appetite for bond funds – which will not easily be unraveled.”

©2013 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST