The U.S. mutual fund market remained broadly flat in the first quarter of 2005, while European cross-border UCITS fund assets rose by 5.1%.

The statistics, provided by the European Fund and Asset Management Association, also showed that investment fund assets worldwide reached $15.28 billion in the first quarter, up 5% from the end of 2004.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.