Cross-border sales doubled

Cross-border fund sales have almost doubled in the last month mainly due to the success of the equity sector, according to research by FERI. Sales rose by 93% compared to the previous month and, of that, 48% was contributed by equity fund sales. The international groups that mainly comprise Luxembourg and Dublin companies achieved high sales by targeting the higher net worth investors. July was an interesting month as a E24.2bn investment from European investors increased the average monthly volume by 58%. This investment was nearly four times the amount invested in the US even though th...