Ireland Fund Encyclopaedia 2007/8
|
|
|
|
Lipper Fitzrovia's thirteenth annual "Ireland Fund Encyclopaedia" reveals key data on funds and on the market shares of fund administration and custody service providers.
INTRODUCTION
The research shows that funds serviced in Ireland reached US$ 1633.3 billion (1209.3 billion euros) as at 30 June 2007, reflecting annual growth of almost 35 percent.
Total net assets in Ireland-domiciled funds reached US$ 1100.1 billion in 2894 funds and sub-funds as at 30 June 2007. Ireland's continued ability to attract both domiciled UCITS funds and non-domiciled funds for administration or custody services has resulted in the largest asset growth in three years, with a combined figure of 5646 funds serviced by the industry.
Lipper Fitzrovia shows that State Street has maintained the largest market share both for fund assets under administration (US$ 228.8 billion) and under custody (US$ 239.6 billion).
Of 342 fund management companies with funds domiciled in Dublin, US fund management companies account for the largest proportion by total net assets (US$ 485.4 billion). Of the largest fund promoters, Barclays/BGI has assets under management of US$ 134.1 billion, followed by Goldman Sachs (US$ 81.9 bn), Russell Investment (US$ 53.8 bn), HSBC (US$ 37.3 bn) and Vanguard (US$ 39.6bn).
Among Dublin's professional firms, PricewaterhouseCoopers has maintained its lead across all funds audited as at 30 June 2007, with 1931 funds serviced in Ireland. For legal firms, A&L Goodbody now offers legal adviceto the largest proportion of funds serviced in Ireland, with 930 funds.
RESULTS
Custodians and fund administrators with the greatest market share by fund assets serviced in Dublin as at 30 June 2007 are shown in the tables below.
Custodians
RANKING BY FUND ASSETS
|
|
2008
|
|
|
|
|
US$ billion
|
|
1
|
|
|
|
|
239.6
|
|
2
|
|
|
|
|
199.2
|
|
3
|
|
|
|
|
181.1
|
|
4
|
|
|
|
|
Northern Trust |
 |
 |
|
|
125.3
|
|
5
|
|
|
|
|
PNC |
|
|
|
|
77.7
|
|
|
Fund Administrators
RANKING BY FUND ASSETS
|
|
2008
|
|
|
|
|
US$ billion
|
|
1
|
|
|
|
|
228.8
|
|
2
|
|
|
|
|
205.7
|
|
3
|
|
|
|
|
170.6
|
|
4
|
|
|
|
|
135.8
|
|
5
|
|
|
|
|
PNC |
|
|
|
|
102.0
|
|
|
|
|
|
United States
subscription choices
my profile
