Podcast Center
Video Center
Webcasts
Resource Center
Events
August 14, 2013 at 11:43 AM
Although smaller, the market for European high-yield mutual funds is growing faster than its U.S. counterpart, a new report reveals.
Cerulli Associates, Boston, unveils this finding in the third quarter 2013 edition of “The Cerulli Edge: Europe.” The report provides a market analysis of equities, bonds, and other asset classes, including high-yield vehicles and funds of hedge funds.
The report pegs the European high yield market at U.S. $360 billion in April 2013, up from $280 billion in April of 2012, a 28.6 percent increase. Over the same period, the U.S. high-yield market grew to $1.15 trillion from $1.015 trillion, a 13.3 percent rise.
From April of 2009 to April of 2013, the two high yield markets grew as follows:
| Europe |
% change |
U.S. |
% change |
|
| April 2009 |
$175 |
N/A |
$750 |
N/A |
| April 2010 |
$225 |
28.6% |
$830 |
10.7% |
| April 2011 |
$250 |
11.1% |
$1,010 |
21.7% |
| April 2012 |
$280 |
12% |
$1,015 |
0.5% |
| April 2013 |
$360 |
28.6% |
$1,150 |
13.3% |
Source: Cerulli Associates, J.P. Morgan Asset Management. Figures are in $ billions.
