EU firms passporting to run till 2022 in event of no-deal
Backstop plan proposes that in the event of no Brexit transition period passporting rules will continue for further three years
Latest news
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Fund sales in Europe plummet in 1H
Total fund sales for the first half of year across Europe was €59.8bn about six times lower than €362.4bn first-half sales in 2017. But ETF market share hits record high, according to Thomson Reuters Lipper data.
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Financial investigator targets Luxembourg-domiciled “scam fund”
Columna Commodities fund pretended to invest in range of commodity-linked assets when in reality the bulk of money invested in the Sicav sub-fund had been loaned to a Hong Kong shell company.
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Allfunds to provide omnibus trading across Spanish funds
Fund distribution platform claims move will provide more transparent and cost-efficient way to access funds.
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Kempen to exclude tobacco from funds
Amsterdam-based Kempen Capital Management has announced that all of its funds will be tobacco-free by the end of the year.
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Growth-led strategies ‘tend not to favour Europe’
One of the challenges Europe has attracting international investment is the relative weakness of its tech sector compared to other parts of the world, according to UBS Asset Management.
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Emerging markets demand slumps to three-year low
Global emerging market (GEM) equities have been one of the most popular asset classes among pan-European fund selectors since Q3 2015 – but demand dropped dramatically during Q2 2018.
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German property funds record 50% jump in investment volumes
Germany’s open-ended real estate funds attracted more than €6.7bn net inflows last year and investment activities rose to €9.2bn – an increase of almost 50% compared with 2016, according to Scope research.
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UK regulator tells firms to prep for ‘no deal’ Brexit
Britain’s Financial Conduct Authority (FCA) has told regulated firms in the country to prepare for the UK to crash out of the European Union with a “no deal” Brexit.
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European selectors warming to US equities
Pan-European fund selector sentiment towards US equities has moved up into the low to neutral territory from a negative position according to latest Last Word Research.
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Global plastics purge to hit oil investors
Ecowarriors could have double the reason to celebrate the global push to eradicate plastics after Legal & General Investment Management highlighted the negative impact lower demand will have on the oil and petrochemical sectors.
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Vanguard offers low-cost DAX ETF
Index-traded Ucits fund will invest in 30 blue-chip companies on DAX index and has total ongoing charges of 10 basis points.