The number of new fund launches increased by 10% between the first quarter and the third quarter of 2011, according to the latest Lipper statistics.
However, the number of funds available for sale in Europe declined by 390 over the first nine months of the year.
Of the 35,017 funds registered for sale at the end of the third quarter, 37% were equity funds, 23% were mixed asset and 18% were bond funds. Money market funds represent just 6% of the market.
Over the same period of time, 1,513 funds were liquidated and 1,260 were merged.
Lipper predicts an increase in the number of merged funds over the next few months as fund management companies increase the process of rationalising their fund ranges alongside the introduction of Ucits IV.
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