Lipper: European fund launches hit new low in second quarter of 2012
European fund launches hit their lowest level in five years in the second quarter of 2012, according to figures from Lipper.
Only 417 funds were launched in the second quarter of 2012, down 60 per cent from the 838 launched over the same period in 2011.
Almost 900 funds were merged or liquidated in the second quarter.
Lipper says the number of fund mergers went down approximately 23 per cent from 441 in the second quarter of 2011 to 340 in the second quarter of 2012.
The past quarter saw the lowest number of mergers in the last five years, indicating the consolidation process may be slowing.
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