The retail mutual fund market in the UK will grow to €576bn ($507bn) over the next five years, according to FundsHub, the fund supermarket systems provider.

The figure is a large rise from the €368bn size of the market in 2000 and is at odds with the decision by Virgin Money.com, Richard Branson's joint venture fund supermarket with Australian insurance giant AMP, to close.

UK mutual fund sector to exceed half a trillion euros

Maha Khan

Virgin Money.com

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