Financial Times FT.com

Fund closures eclipse launches

By Heather Dale

Published: September 20 2009 09:02 | Last updated: September 20 2009 09:02

Fund rationalisation is still top of asset managers’ agendas.

Fund launches in July fell to just 177 across Europe, while the number of fund closures hit 324 – according to Lipper FMI data.

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