Money managers under the microscope
from Global Investing:
Is there room only for the biggest, most aggressively-marketed funds in crisis-hit Europe?
Europe's ten best-selling funds have attracted nearly a third of net sales across bonds, equity and mixed assets so far this year, as the grey bars show in the following chart from Thomson Reuters' fund research firm Lipper.
The numbers -- which exclude ETFs -- are even more staggering if looking at at the concentration of sales into groups/companies, rather than at fund level.
Then, data compiled by Fitch ratings using Lipper shows that over the past three years Europe's ten biggest firms have attracted around 80 percent of flows into fixed income, equity and mixed assets.