Investment fund assets withstand 2011 turbulence

This latest report highlights some of last year's key developments which saw buoyant cross-border fund business continuing to grow. The market share of Luxembourg and Ireland in the UCITS industry had increased to 45.8% by the end of the year, compared to 43.9% in 2010. Total net sales of UCITS domiciled in Ireland alone amounted to €62bn in 2011. Risk aversion increased as investors remained uncertain over the global economic outlook. EFAMA confirms that volatile stock markets and geopolitical events, coupled with downward revision of growth prospects, triggered a decline in stock pric...