Fund universe contraction accelerates – Financial Times – Press article

The rate of contraction of the sprawling European fund industry accelerated in the first six month of 2012, when 1,620 funds closed or merged well ahead of the 1,104 launches, according to Lipper. The decrease in fund numbers comes at a time when net inflows into mutual funds remain weak and banks are steering investors into deposits. Read more about this topic in the article below

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