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Clapp’s European Equity team will launch two new long-only European Growth equity UCITS funds in Q4 2017....

Key highlights below: The European funds industry faced estimated net outflows of €17.0 bn from long-term mutual funds for September. Mixed-asset funds (+€2.0 bn) were the best selling asset class overall, followed by alternative UCITS products (+€1.8 bn) and real estate funds (+€0.4 bn)....

 Global assets under management in the collective investment funds industry dropped by 1.44 trillion USD or minus 4% in August and stood at 34.7 trillion USD at the end of the month. Estimated net outflows accounted for 20.8 billion USD while the remainder of the drop was due to market losses.....

 As of the end of June 2015 there were 32,044 mutual funds registered for sale in Europe. Luxembourg continued to dominate the fund market in Europe, hosting 9,061 funds, followed by France, where 4,670 funds were domiciled....

 - Assets under management in the global fund market have stalled at around $36 trillion over the past few months....

The Board of Directors of the Fund has announced that it has applied to the Irish Stock Exchange to delist the Participating Redeemable Shares of the Fund from the Official List and from trading on the Main Securities Market of the Exchange....

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