Fall in European fund liquidations

Graph downThe European funds industry saw its lowest level of fund liquidations last year, according to data from Lipper that covers a five-year period.

The number of liquidations fell by around 15% from 2013 to 2014 – or from 2,010 funds liquidated to 1,699. The number is the lowest number of liquidations in the five-year observation period, Lipper says.

During the same period the number of fund mergers went down slightly – approximately 5% – to 1,122 for 2014.

During 2014, 2,218 funds were launched in Europe, broadly leveling with the number of launches for 2013 and 2012. But compared with the 2010 peak, the number of newly-launched products showed a decrease of around 33% last year.

The fourth quarter of 2014 saw 475 fund launches: 180 equity funds, 109 bond funds, 137 mixed asset funds, 42 "other" funds, and seven money market funds. Fund liquidations totaled 453 funds and 271 funds were merged.

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