Pan-European ETF assets under management (AUM) have hit an all time high, increasing 47.37% to €162.49bn over the year, according to Lipper.
The firm says the positive environment for stocks was evident in the performance tables, where only four equity funds showed negative performance over 2009. However, the average monthly turnover in euros in the fourth quarter of last year was down 4.75% from €31.27bn in the last three months of 2008, to €29.78bn in 2009. Lipper says the bond segment funds denominated in US dollars or with an investment focus in long duration eurozone bonds showed negative returns. Conversely, funds investing in corporate, emerging market and inflation-linked bonds had the highest returns over 2009....
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