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.
EFAMA's February sales statistics reflected fresh interest in bond funds against expectations for continued, yet subdued, inflation and low interest rates remaining.
The head of influential asset management trade body EFAMA last night called on politicians to create a “level playing field” for the regulation of financial products in Europe.
An influential European trade body has expressed concerns that the omission of insurance from a widespread review of financial products will create an uneven playing field.
Net sales of long term Ucits rose in September to 9bn (£7.5bn, $12bn) up from a break-even point in August according to the latest monthly statistics from the European Fund and Asset Management Association (EFAMA).
Equity fund net sales fell sharply to 2bn in August, compared to 14bn a month earlier, while bond funds saw net outflows of 7bn against inflows of 6bn in July.
Ucits funds suffered the largest outflows in June since October 2008, according to the latest data from EFAMA.
The head of the main association representing Europe’s asset management industry has called on key members of the European Parliament to get a move on in its efforts to draft a package of investor protection regulations known as PRIPs.
Christian Dargnat, CIO of BNP Paribas Investment Partners (BNPPIP), has been elected president of the European Fund and Asset Management Association (EFAMA) for a two year term, having been vice president of the industry body since 2011.
Yields on traditional asset classes are “incredibly low” giving the ageing population in Europe a huge challenge in retirement, according to a new report from BlackRock.
Investor confidence is still on track as indicated by continuing steady sales of non-money market Ucits funds in March, according to EFAMA.
Investments into funds around the world increased in the third quarter of last year, according to figures released today, with positive inflows into bond funds making it a particularly positive quarter given the economic backdrop.
The European Fund and Asset Management Association has written an open letter to “all interested governments and parties” encouraging all European governments to become FATCA partner countries, as with the G5.