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.
EFAMA
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UCITS sales slide by 17bn
Sales of UCITS dropped sharply by 17bn (£13bn, $20bn) in November, despite a surge in the sale of European long term funds throughout the month.
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European Commission approves long-term
Proposals regulating the use of European long-term investment funds (ELTIFs) will be adopted before the end of the year after they were approved by the European Commission last week.
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Regulatory reforms a significant burden
The “unprecedented wave” of regulatory changes will “present a significant burden” to asset managers, said EFAMA’s Peter De Proft.
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UCITS record steep sales drop
UCITS sales dropped by 27bn in September despite robust long-term sales, reports EFAMA.
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UK failing to protect compromised finance sector
The UKs finance industry has been compromised in numerous ways by EU reforms, and has not done enough to protect its national interests, the Wealth Management Association (WMA) has said.
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EFAMA creates public policy
The European Fund and Asset Management Association has established a new public policy department and hired Gabriela Diezhandino to lead the initiative.
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European investors remain focused on bonds
Bond funds remain the most popular investment vehicle across the European mutual fund spectrum, new data from Lipper and The European Fund and Asset Management Association (EFAMA) reveals.
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Cyprus fund association admitted into EFAMA
The Cyprus Investment Funds Association (CIFA) has become a member of EFAMA following a “rigorous assessment” of Cyprus’s fund management framework.
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EFAMA says industry wants more time for MiFID II
The director general of EFAMA has said the financial industry feels ‘rushed’ into implementing MiFID II following a discussion on EU regulatory initiatives at the group’s annual general meeting.
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euro parliament adds flexibility to long term
A recent European Parliament vote on the establishment of continent wide long-term investment funds, has been welcomed by a number of key financial trade bodies.
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industry pragmatic as eu parliament clears
Asset management, wealth management and insurance industry association officials gave a mostly pragmatic welcome to a raft of new financial services regulations that were passed by the European Parliament on Tuesday.