European investment funds soar to record levels
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.
Ucits
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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.
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East Capital launches frontier markets fund
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.
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Oaktree appoints Harrington Cooper
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.
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Coram Martin Gray appointment
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
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Matthews Asia launches new Strategic Income Fund
Matthews Asia has launched a new strategic income fund, as an expansion of its Luxembourg-domiciled UCITS fund range.
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IMA criticises inappropriate ESMAs
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.
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European investors remain focused on bonds
New data from Lipper and The European Fund and Asset Management Association shows that bonds remain very popular across the European mutual fund spectrum.
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Ivory Investment launches UCITS compliant fund
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.
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Neuberger Berman launches EM debt fund
Firm expands UCITS offering
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UCITS bond sales soared in February
EFAMA’s February sales statistics reflected fresh interest in bond funds against expectations for continued, yet subdued, inflation and low interest rates remaining.
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Iveagh and City Financial strike UCITS deal
Iveagh's UCITS business will be transferred to City Financial.