Twenty-two countries recorded an increase in net assets of UCITS during the quarter. Strong growth was recorded by all the largest domiciles of UCITS with the United Kingdom recording growth of 7.2% followed by Ireland (6.2%), France (6.0%), Luxembourg (5.9%) and Germany (5.4%), according to the latest quarterly statistical release from the European Fund and Asset Management Association (EFAMA).
According to the report, the Nordic countries recorded above average growth during the quarter with Norway registering growth of 9.2 percent, followed by Finland (7.5 percent), Sweden (7.3 percent) and Denmark (6.9 percent). In the Mediterranean region, Spain experienced growth of 1.6 percent followed by Italy with growth of 0.4 percent. Portugal and Greece saw a reduction in net assets of 0.2 percent and 1.9 percent respectively. Elsewhere, Poland recorded strong growth in net assets of 16.1 percent, partly reflecting a 7 percent depreciation of the polish zloty vis-à-vis the euro durin...
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