Managers reduce fund liquidations

Liquid alternativesAsset managers in Europe withdrew 688 funds from the market in the second quarter (Q2) of the year, with the number of liquidations falling over the longer term, but mergers maintaining their average rate.

There were 359 liquidations and 329 mergers, according to Lipper figures, and “only” 459 products were launched.

Chief among the launches were mixed-asset funds, at 163 funds from 33 groups.

The total number of fund launches was 11% behind the number of launches during Q2 2014, but launches were in line with the average of the last four measured second quarters.

The number of liquidations went down approximately 11% compared to the same period last year, making it the lowest number of liquidations in the five-year observation period.

The number of fund mergers went up approximately 28%, but were in line with the average of the last four measured second quarters.

Of the 32,044 mutual funds registered for sale in Europe at the end of June, equity funds had the largest share (37%), followed by mixed asset (26%), bonds (22%), then money market and ‘other’ funds at 11% and 4%, respectively.

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