The Irish Association of Investment Managers says its members managed €19 billion worth of retail funds last year, an increase of 17% on 2002, as stock markets rebounded.
Its annual retail investment funds survey shows that €1.9 billion flowed into retail products during the year, up 34%. Flows into unit-linked funds were 14% higher than in 2000, when the stock markets peaked. Tracker bonds showed growth of 45%.
Flows into SSIAs accounted for nearly a quarter of the total invested last year. The IAIM survey excludes assets invested in corporate and individual pension plans.
