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European fund growth slows in 2000

European fund growth slowed in 2000, with mutual fund assets rising by only 5.2 per cent in 2000, down from a 35 per cent increase in 1999, according to figures from Lipper.

Of 2,460 new funds launched in 2000, 1228 were equity, 369 bonds, 343 balanced and 268 were fund of funds.

Lipper global marketing director Steve Lipper says: “Despite a slowdown in the growth of European assets under management relating to the turbulence of fund markets, investor preference has favoured equity funds with an international focus. This trend is an encouraging sign for fund groups, particularly those selling cross-border funds, which tend to specialise in international equities.”

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