Monday August 10, 2020

Funds industry grows by 6.2% to record high of $3.9tn

Value reached record high of $3.9 trillion in 2019, but growth rate slowed from double-digit figure of previous years

Barry J Whyte

Chief Feature Writer

@whytebarry
23rd February, 2020
Figures compiled by independent fund research company Monterey Insight show that the growth last year was slower than the double-digit growth of previous year

The Irish funds industry grew by 6.2 per cent from $3,677.1 trillion to a record high of $3.9 trillion in 2019, though the growth was slower than in previous years.

Figures compiled by independent fund research company Monterey Insight show that the growth last year was slower than the double-digit growth of previous years, amounting to around $226 billion. In 2018, the industry grew by more than $400 billion, or more than 11 per cent, while in 2017 it...

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