Cross-border funds thrive as managers ditch manual processes
Efama reveals upwards trend in cross-border Ucits and AIFs volumes
Efama reveals upwards trend in cross-border Ucits and AIFs volumes
International advisers have joined European fund managers in a call to reform key information documents for packaged retail and insurance-based investment products – six months into implementation.
The European Fund and Asset Management Association (EFAMA) has unanimously elected a new president to replace Christian Dargnat, who has sat in the role since 2013.
Sales of UCITS-qualified funds outstripped their non-UCITS counterparts by 419% in April, according to research by the European Fund and Asset Management Association.
European financial trade bodies have unanimously welcomed in the European Commission’s green paper on creating a Capital Markets Union, describing it as an opportunity to support the industry’s “sustainable economic growth and long-term financing”
Net sales of European investment funds reached an all-time high of 601bn (£443bn, $685bn) in 2014 with UCITS sales almost doubling, a report revealed today.
New data from Lipper and The European Fund and Asset Management Association shows that bonds remain very popular across the European mutual fund spectrum.
The director general of EFAMA has said the financial industry feels ‘rushed’ into implementing MiFID II following a discussion on EU regulatory initiatives at the group’s annual general meeting.
EFAMA’s February sales statistics reflected fresh interest in bond funds against expectations for continued, yet subdued, inflation and low interest rates remaining.
Money market funds faced a difficult year last year but net sales of long-term UCITS jumped by more than one third.
How did we ever get to the stage where MiFID II, a piece of European legislation, could cause the UK investment industry to undo the time and cost of UK-driven RDR? There may finally be a man who can make sure this never happens again.
The head of influential asset management trade body EFAMA last night called on politicians to create a “level playing field” for the regulation of financial products in Europe.