UCITS sales slide
Sales of UCITS dropped sharply by Euro17bn (£13bn, $20bn) in November, despite a surge in the sale of European long term funds throughout the month.
Sales of UCITS dropped sharply by Euro17bn (£13bn, $20bn) in November, despite a surge in the sale of European long term funds throughout the month.
East Capital has launched a new frontier markets fund focused on “young and fast-growing” markets with an emerging middle class and strong consumption growth.
Harrington Cooper is overseeing delivery of the US’ based asset manager’s open-ended UCITS SICAV range as Oaktree moves to widen its UK footprint.
Gray will oversee multi-asset portfolios in Corams UCITS IV fund range alongside Sullivan, also a director and senior fund manager at Coram, with whom he shares a seven-year working relationship
Matthews Asia has launched a new strategic income fund, as an expansion of its Luxembourg-domiciled UCITS fund range.
The UK Investment Management Association (IMA) has criticised ESMA for suggesting that non-UCITS collective investment funds are more complex than UCITS funds in its “inappropriate” consultation on MiFID II.
New data from Lipper and The European Fund and Asset Management Association shows that bonds remain very popular across the European mutual fund spectrum.
Ivory Investment Management has launched its DB Platinum Ivory Optimal Fund, which will take long and short positions in the equity securities of publicly traded companies in the US.
Firm expands UCITS offering
EFAMA’s February sales statistics reflected fresh interest in bond funds against expectations for continued, yet subdued, inflation and low interest rates remaining.
Iveagh's UCITS business will be transferred to City Financial.
A requirement that managers of UCITS funds take at least 50% of their bonuses in the funds they oversee has created uncertainty in Europe’s asset management industry, though some say the matter has been overblown.