Concerns that a move to create a mutual recognition fund market between Hong Kong and China, which ultimately could be expanded regionally across Asia, poses a threat to Europe’s Ucits brand are “overstated” at least for now, according to Cerulli, the research organisation.
Ireland and Luxembourg accounted for the majority of Ucits net sales in 2012, while inflows across Europe returned to positive territory on the back of strong demand.
Odey Asset Management is to launch a Ucits version of its flagship European hedge fund strategy.
Matthews Asia has launched a Ucits version of its China Dividend Fund, which will invest in growth companies in the expanding Chinese market.
Tideway Investment Partners, a London-based specialist global macro and fixed income investment analyst and fund manager, has added euro and US income distributing share classes to its flagship absolute return fund.
According to the latest figures from EFAMA, Ucits funds experienced huge outflows in June while non-Ucits propositions saw sizeable inflows.
E.I. Sturdza Strategic Management Ltd, a Guernsey-registered and regulated fund manager, has unveiled a renminbi share class for its recently-launched, Irish-domiciled Ucits global bond fund.
GLG has outlined plans to soft close its Pierre Lagrange-led European Equity Alternative Fund, less than a year after it was first launched.
The trend of net monthly Ucits fund outflows amounting to billions of euros in the past calendar year lessened towards the end of 2011, with bond funds seeing net inflows in December for the first time since the summer.
Investors throughout Europe are still moving money out of Ucits funds although the rebound in stock markets during October saw assets overall rise in value.
According to EFAMA’s latest monthly monitoring, fund managers across Europe are continuing to see net outflows of assets.
EFAMA figures show Ucits experienced net inflows of 21bn in April,compared to net outflows of 9bn
