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Bond Funds Saw Impressive Rise In Year To May, Says Fitzrovia

by Philip Morton, Investors Offshore.com

25 July 2003

A newly released report from Fitzrovia International has revealed that bond funds became increasingly popular in the first five months of this year.

The fund research company announced on Thursday that:

'Bond fund assets of the largest 30 companies offering funds domiciled in Luxembourg and Dublin - the world's leading cross-border funds centres - increased by 8.1% (US$ 17.2 billion) over one month and by 33.4% (US$57.2 billion) over the six months to the end of May this year.'

In its summary of total net assets under management by the fund companies, Fitzrovia also revealed that although they only comprised 0.9% of the total, assets in alternative investment funds have continued to rise, by 13.0% over one month, and by 43.0% over 6 months. Total net assets for these funds reached US$7.7 billion in May.

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