Number of funds not meeting yield criteria
Are fund rationalisations set to continue?
Invesco Perpetual scooped the award for best group at the Lipper Fund Awards held in London last night.
Fund rationalisation may be coming to an end after a few years of groups actively cutting their product ranges, according to Fitch Ratings.
US high yield bond funds and ETFs have seen record outflows this week, according to Lipper data, amid a spike in yields for the asset class in both the US and UK.
The industry's most concentrated funds have comfortably beaten their more conventional rivals over all time periods, new data has revealed.
Jake Moeller has joined Lipper to take on the role of head of UK & Ireland research, replacing Ed Moisson who left in August to join Barings.
PIMCO, the world's largest bond house, lost its position as the best-selling fund group in Europe in the first half of the year.
The European mutual fund industry shrunk by 1.3% in the second quarter, with a net decrease of more than 400 funds, as the number of mergers and closures began to accelerate again.