bonus rules uncerctainty reported
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.
Ucits
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State Street expands ETF range with new product
Short maturity corporate bond funds are looking popular as State Street launches its product.
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Tough year for money market funds EFAMA
Money market funds faced a difficult year last year but net sales of long-term UCITS jumped by more than one third.
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Neptune global long short fund officially shut
Neptune officially closed its Global Long/Short Fund when co-manager Ted Alexander left the firm in September.
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FCA deadline for Ucits fund approvals
The FCA has outlined plans to speed up fund authorisations with measures to help the UK increase its competitiveness against offshore financial centres.
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Alternative Ucits AUM hits record high
Alternative Ucits AUM has exceeded 100bn for the first time following a strong first half of the year.
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new cross border fund structure on its way
Earlier this month the European Commission introduced plans to create a new type of investment fund for more illiquid assets, such as infrastructure, which can be passported around Europe.
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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).
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Thornburg continues UK push
Thornburg Investment Management has launched its latest Ucits offering, the Developing World Fund, which invests in companies based in the emerging markets which are positioned to benefit from strong domestic demand.
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Ashburton unveils second Ucits offering
Ashburton has launched its Global Energy Fund, its second Ucits vehicle which offers exposure to energy assets across the world predominantly through investment in listed companies.
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Bonus of contention for fund manager pay rules
The European Parliament has reportedly delayed a vote on rules to curb fund manager bonuses to seek a "cross-party compromise for waterproof consumer-protection rules", but can there ever be an impermeable solution to such a contentious issue?
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Ucits sales hit seven-year high
Ucits net sales hit their largest quarterly total since 2006 in the first quarter of 2013 as demand surged to 130bn and ten countries attracted net inflows of more than 1bn.
