EFAMA May
Ucits sales remained strong in May, but were 10bn below April’s total due to the drop in net sales of bond funds according to data provided by the European Fund and Asset Management Association (EFAMA).
Ucits sales remained strong in May, but were 10bn below April’s total due to the drop in net sales of bond funds according to data provided by the European Fund and Asset Management Association (EFAMA).
The head of the main association representing Europe’s asset management industry has called on key members of the European Parliament to get a move on in its efforts to draft a package of investor protection regulations known as PRIPs.
Christian Dargnat, CIO of BNP Paribas Investment Partners (BNPPIP), has been elected president of the European Fund and Asset Management Association (EFAMA) for a two year term, having been vice president of the industry body since 2011.
Ucits fund sales totalled 38bn in March, a drop from February as money market funds recorded outflows.
Investment fund assets increased 11% during 2012 reaching 22.17trn by the end of the year according to data provided by the European Fund and Asset Mangement Association (EFAMA).
Financial Transactions Tax (FTT) will cost investors a minimum of 13bn annually at current transaction levels and could force asset managers to relocate outside of the FTT zone, warns the European Fund and Asset Management Association (EFAMA).
The European Fund and Asset Management Association has written an open letter to “all interested governments and parties” encouraging all European governments to become FATCA partner countries, as with the G5.
The latest monthly report from the European Fund and Asset Management Association shows fixed income is still the region’s prefered asset class for retail investors.
EFAMA’s stats for January show positive net fund sales in Europe for the first time since the start of last summer.
In 2011, investors across Europe redeemed net more than 100bn from Ucits and non-Ucits funds, according to the latest figures from EFAMA.
According to EFAMA’s latest monthly statistics, October shows continued net outflows from Ucits and non-Ucits funds while the value of assets rose slightly.
The European Fund Classification Forum has doubled the number of funds it categorises in three months.