Funds focus on single EU market

Article reported that tThe cross-border fund sector had doubled its share of Europe’s €5.2tn investment industry in the past decade in an apparent victory for the European Union’s push for single continent-wide markets.

However, doubts remain as to whether investors had benefited from the economies of scale unleashed by the internationalisation of a once parochial industry.

European Commission: DG Internal Market and Services: Single Market for Services: Financial Services: Investment Funds http://ec.europa.eu/finance/investment/index_en.htm

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