The annual statistical report, Trends in the UCITS Market, from the European Fund and Asset Management Association (EFAMA) reveals that Ireland bucked the trend with most domiciles actually facing significant outflows of UCITS during 2011
Elsewhere, France, Italy and Luxembourg suffered the biggest losses, with €91bn, €30bn and €24bn respectively. In the fourth quarter alone, Ireland attracted an impressive €26bn in new monies. EFAMA’s figures confirm that Ireland continues to be the fastest growing UCITS domicile in the world and is rapidly outpacing all other domiciles in terms of growth. Over the past 11 years the net assets of Irish UCITS have grown more than 500% and Ireland’s UCITS market share has increased to 14.5% from 11.5 % at the beginning of 2011. Ken Owens, Chairman of the Irish Funds Industry Associati...
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