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Funds top €1.2 trillion

The value of funds serviced in Ireland grew by 7pc in the past 12 months to top €1.2 trillion in total assets, according to Lipper's latest Ireland Fund Encyclopaedia.

The report shows that the number of funds serviced increased from 6,098 to 6,116, while the number of companies domiciling funds in Ireland has also grown, from 358 in 2009 to 388 -- a 31pc increase over five years and a 63pc rise over the past decade.

"With assets rising in equity and bond funds, for both actively managed and passive funds domiciled in Ireland, the fund servicing industry has enjoyed a healthy 7pc rise over the past year," Ed Moisson, head of cross-border research for Ireland and the UK, said.