Funds industry holding up well

The international funds industry in Ireland has weathered the credit crisis well, with the number of funds serviced in Ireland remaining above the 6,000 mark, a new analysis has revealed.

24th October, 2009

The international funds industry in Ireland has weathered the credit crisis well, with the number of funds serviced in Ireland remaining above the 6,000 mark, a new analysis has revealed.

Funds serviced in Ireland reached $1,361.7 billion (€970.8 billion) in total net assets as of June 30, 2009, down from $1,934.9 billion in 2008.

The downturn in the value of the funds was mainly down to the weaker stock markets and redemptions of funds, and did not signal the loss of...

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