Despite the slowdown, 178 funds were launched in 2001, only slightly down on the 184 in 2000
Unfavourable market conditions barely slowed the pace of fund launches in 2001, with 178 new funds coming on the market, only slightly down from 184 in 2000, according to figures from the 2002 UK Fund Industry Review. The 10 largest funds in the unit trust and Oeic industry are dominated by institutional funds, with Merrill Lynch UK Equity taking over as the UK's largest fund at the end of 2001, up from second place in 2000, with £8.88bn under management. The fund displaced Standard Life International, which slipped to number two with £5.99bn in assets. Invesco Perpetual High Income fun...
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