IMF warns against premature ECB-tightening
The International Monetary Fund has warned against the effects of reining back asset purchases by the European Central Bank, as the ‘Draghi put’ sees its fifth anniversary.
Analysis
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OPINION: Uncertainty abounds for Brexit Britain
Britons stunned the world on the 23rd of June 2016 by voting to leave the European Union after 43 years of mostly troubled marriage. However, freedom comes at a price. Robeco’s chief economist Léon Cornelissen assesses the likely impact of Brexit on the UK economy.
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Europe’s fund industry facing dispersal as Brexit looms
Whatever the outcome of the Brexit process now under way, the shape of the asset management industry in Europe is set to change substantially, a report by the CFA Institute has found.
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QE tapering – three options for the ECB
ECB president Mario Draghi stopped short of announcing a gradual reduction of the central bank’s monthly asset purchases from its current size of €60bn. But markets are convinced tapering will start next year. The question is just which approach the ECB will take. ABN Amro’s head of financial markets research Nick Kounis looks at three…
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Investors not expecting a hawkish Draghi at ECB meeting
Industry experts are not expecting the European Central Bank to tighten monetary policy at its next rate meeting, despite Mario Draghi’s hawkish mood of late.
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EU warns regulators to prevent ‘letter box’ investment firms
A European watchdog has urged a crackdown on investment firms setting up ‘letter box’ entities across the continent in the wake of the Brexit vote.
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Asset managers urged to transform as profits fall
Asset managers will have to transform in order to survive, according to a new report which revealed industry revenue and profits fell for the first time since 2008.
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EU could force finance staff to move post-Brexit, JPM chief warns
The chairman and chief executive of global investment bank JP Morgan Jamie Dimon has warned it is decisions made in the European Union not in the UK that will determine if thousands more jobs move from London to other European centres in the wake of Brexit.
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UK asset managers fear poor Brexit deal
Most UK fund managers fear the government has no idea what the asset management industry needs from Brexit to secure a good deal, according to research by consultancy MJ Hudson.
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An all-in fee: what does it really mean for investors?
The UK financial regulator FCA wants asset managers to introduce an all-in fee for funds, claiming it would aid simplicity and clarity for retail investors.
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Asset managers resigned to lower growth prospects
Two thirds of asset managers expect it will be “more challenging to achieve growth” in the current market environment, according to a survey by State Street. To still be able to hit their growth targets, they plan to expand operations into new country markets.
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ANALYSIS: Brexit one year on
It has now been a year since the UK electorate made, as a British fund manager put it recently, “a huge strategic error of the like the country hasn’t experienced in maybe a century” by voting for Brexit.