News

Number of cross-border funds up 2.65% in 2019

The total number of global cross border funds grew 2.65% to 14,031 in 2019, according to research from PwC Luxembourg. Data from over 40 countries showed that the number of fund registrations increased 7.02% in comparison to 2018 to 121,458. The findings are released in the twentieth edition of PwC’s annual global fund distribution poster. The research found that the number of cross-border ETFs increased 7.8% from 4,435 in 2018 to 4,780 in 2019. The report also shows that the top five asset management companies for cross-border distribution funds worldwide are Franklin Templeton, Fidelity International, HSBC, BlackRock and Invesco. Franklin Templeton claimed the top position with their cross-border funds distributed in ten more countries than second-ranked Fidelity International. Robert Glover, global fund distribution partner at PwC Luxembourg, said: “We’ve seen continued rapid growth, both in terms of the number of true cross-border funds and their registrations, over the last ten years, and despite a slowdown in the past year, the overall numbers show that the popularity of Ucits funds continues globally. “Given the situation in a Covid-19 environment, we could expect to see some rationalisation in 2020, but managers are still pushing to market and distribute their products into new countries across the globe.” © 2020 funds global asia

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