Fund assets hit €785 billion

FUNDS serviced in Ireland topped $950 billion (€785bn) as of June 30 this year, reflecting annual growth of over 23%, Lipper Fitzrovia's new Dublin Fund Encyclopaedia reveals.

Lipper Fitzrovia’s 11th annual edition of this work reveals that total net assets in Dublin-domiciled funds reached $622.7bn (up from $503bn the year before) in 2,334 funds and subfunds as of 30 June this year.

For fund servicing companies, Lipper Fitzrovia shows that State Street has maintained the largest market share for fund assets under administration ($141.2bn) and under custody ($139bn).