Why Fund Closures are No Bad Thing

Of the 2,500 UK-domiciled funds that existed at the start of 2008, 60% have been closed - and 2,000 have been launched

Jonathan Miller 21 August, 2018 | 8:27AM

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Of the 2,500 UK-domiciled funds that existed at the start of 2008, a massive 1,500 have been closed over the past 10 years. Over the same period, nearly 2,000 funds came to market, meaning a net addition of 440 offerings.

Looking at this another way, just 40% of funds that existed at the start of the period are still around today. Those disappearing have either been liquidated or merged into other funds.

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About Author

Jonathan Miller  is Director of Manager Research, Morningstar UK

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