Europe sees 1,000 fund launches a year - Lipper

Over the last 10 years, 1,000 new funds have been launched every year in Europe across all asset classes, a Lipper report has found.

In Europe 3,400 funds have been launched every year, and 2,400 have been closed or merged, meaning there is a net increase of 1,000 funds each year across both the actively and passively managed space, according to its latest research. Lipper's Beating the Benchmark report also found 40% of equity funds in Europe outperformed their benchmarks over three years, beating European bond fund performance by 15% over the same period. The report said only a small proportion of bond funds outperformed their benchmarks over 10 years. Of the four categories mentioned - euro, global, US dollar, a...