Value of funds reaches €785bn
British research firm Lipper Fitzrovia said there were over 2,300 funds and sub-funds domiciled in Dublin at the end of June, with total net assets at $622bn (€518bn), up from $503bn the previous year. But this figure leaped to 4,500 when non-domiciled funds that are managed in Dublin were included.
The firm said American fund administration heavyweight State Street had the biggest market share for assets under administration, with $140bn. The joint venture between AIB and Bank of New York was next in line at $119bn, while Bank of Ireland Securities Services ranked third at $91bn.
