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The EU Commission grant for MM was €2 million and around €3.3 million for SALUS, with a total budget of ca €5 million; €4.5 million for EU-ADR, total cost €5.88 million; and for PROTECT, €20 million, with half of the funding comprising in-kind contributions from the participating EFPIA pharmaceutical companies.
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He said industry funding comprised less than 2percentt of the organization's budget.
In 2015, state funding comprised 9percentt of the university system's budget, down from 16percentt in 2003, according to UNH data.
With the S&P 500 down nearly 23.6% in the 12 months ending in July, the ten funds comprising the Forbes Honor Roll are only down 10.5% on average.
But such funds comprise a minority.
The fund comprises all 33 Hang Seng Index stocks.
These funds comprise Dennehy Weller's model income portfolio.
For instance, index funds comprised 5.5 percent of the domestic stock funds analyzed, and they represented about 27 percent of the domestic stock funds in the cheapest quintile.
"I just don't believe that a fund comprised strictly of high-yield munis makes sense for most investors," said Mark McCray, who manages $2.1 billion, including all six of Pimco's municipal bond funds.
The Investment Company Institute, a trade body, says that in the autumn of 2008, a low point for stockmarkets, equity sales by mutual funds comprised only 6% of total trading volume in New York.Finally, designating fund managers as SIFIs would have perverse consequences.
The low cost of ETFs is a consequence of their low marketing fees; but that also means there is no salesforce eager to push the funds.All told, index funds comprise less than 9% of the retail market, according to Financial Research Corporation, a Boston consulting firm (see chart).
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