Assets increasing in Europe

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total fund assets up 12.3% in 2003 while dip in new launches suggests period of consolidation

A slowdown in launches in a period during which total fund assets increased suggests Europe may have moved into a period of investment fund consolidation, according to Fefsi. Data from the association for the European investment management industry's 2004 Fact Book shows slowing Ucits fund creation over the last few years culminated in an actual decline in absolute terms in 2003. In spite of this, however, the European fund industry, including Ucits funds, turned a corner in 2003 with a 12.3% increase in total assets under management. After a 6.9% decline posted in 2002, this recovery ...

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