Fund management groups struggled to raise assets for new products last year, with just eight funds launched in 2011 taking in more than £100m, according to FE data.
Tough market conditions played a significant role in reducing inflows and also resulted in fund launches falling to a decade low. However, despite the macroeconomic environment, a handful of last year's new funds managed to build up a sizeable asset base. Leading the way was the BlackRock CIF Overseas Government Bond Tracker fund, launched at the end of January, which pulled in assets of £223m. BlackRock is also in second place with its CIF Overseas Corporate Bond Tracker drawing in £174m. The two new index trackers pulled in significant assets as investors sought to diversify t...
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