Last updated: 09:13 / Wednesday, 9 December 2015
Thomson Reuters Lipper Report

The European Fund Universe Lost 193 Products On Q315

The European Fund Universe Lost 193 Products On Q315
  • There are 31,982 mutual funds registered for sale in Europe
  • Luxembourg and France lead the European market
  • Equity Funds dominate the offerings

According to Thomson Reuters Lipper's latest Launches, Mergers, and Liquidations report, as of the end of the third quarter 2015 there were 31,982 mutual funds registered for sale in Europe. Luxembourg, hosting 9,136 funds, continued to dominate the fund market in Europe, followed by France, where 4,631 funds were domiciled.

Amongst European Funds, equity ones ontinue to dominate the scene with 37% of the funds available for sale, followed by mixed-asset funds at 27%. Bond funds stood at 21%, while money market funds represented 4% of the market. The remaining 11% of “other” funds were real estate funds, commodity funds, guaranteed funds, and funds of hedge funds.

As Detlef Glow, Lipper’s Head of EMEA Research, and Christoph Karg, Content Specialist Germany & Austria, state, during Q3, 646 funds (322 liquidations and 324 mergers) being withdrawn from the market and only 453 new products being launched, the European fund universe shrank by 193 products. The specialists note that "Since the European
fund industry is enjoying high net inflows for 2015, it is surprising the industry is still cautious with regard to fund launches." Adding that "there is still a lot of pressure on asset managers with regard to profitability, which is also driving the cleanup of the product ranges," and so "the consolidation of the European fund industry might continue over the foreseeable future."

You can read the full report in the following link.