Europe’s share of the world economy may be declining steadily, but there is at least one area where the continent is growing in importance: asset management revenues. Global asset management companies are deriving an ever growing share of their revenue from Europe, at the expense of the United States.
A Europe-wide single pension product may suffer the same “underwhelming” success as the UK’s stakeholder pensions, according to a leading European IFA firm.
Rock-bottom interest rates and plummeting consumer confidence saw a big drop in net sales of Ucits funds in the first quarter of the year, according to the latest figures published by the European Fund and Asset Management Association (Efama).
Europe’s main asset management trade body has slammed the new consumer information requirements for those selling packaged retail and insurance-based investment products as a “danger” to investors.
The Association of International Life Offices (Ailo) has called on the European Commission to abandon a clause in the upcoming Priips regulation that will require fund manufacturers to provide KIDs on open-architecture bonds.
Worldwide assets in open-ended funds were €36.9trn (£29.2trn, $41.3trn) at the end of 2015, having outperformed every quarter in 2014, according to the European Fund and Asset Management Association (Efama).
The European Fund and Asset Management Association (Efama) has urged the European Commission to create a standardised Pan-European personal pension product (Pepp) – in response to ongoing plans to create a single market for financial retail products.
National legislators and regulators will all implement the MiFID II directive differently. Since this creates complications for international asset managers, the European Fund and Asset Management Association (Efama) wants an extension of the deadline for full implementation of MiFiD II, which is currently set at January 2017.
Heightened investor confidence going into the summer may have caused a pick-up in long-term UCITS fund sales, according to the European Fund and Asset Management Association.
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.
Net assets in UCITS funds broke through the €9trn (£6.42trn, $9.97trn) mark for the first time in March, according to the latest data from the European Fund and Asset Management Association (EFAMA).
EFAMA, the representative body for the European investment management industry, has issued recommendations for the first-of-its-kind European-wide pension product.
