AllianceBernstein opens new Irish office as part of European expansion
Phelim Keogan has been appointed country head of the Dublin office
Phelim Keogan has been appointed country head of the Dublin office
As significant market confusion abounds about terminology and the changing regulatory landscape
‘Larger fund groups can afford to bring in the analysts they need, but it’s tough for boutiques’
Industry experts debated key issues at the Expert Investor Portugal event last week including big data overreach and whether Mifid II puts European asset managers at a disadvantage. Click though the slides to see images of the event and read related article.
Morningstar has launched a unit for advisers and financial institutions to outsource fund selection and asset allocation in a “post-Mifid II world”.
After years of expectation, Mifid II has finally rolled out. So how has its first three months affected fund selectors?
Europe’s new Mifid II regulations will kill the mistaken notion that all funds cost the same, according to the chief executive of platform operator Nucleus, David Ferguson.
The trading costs being disclosed by fund managers under Mifid II rules may be overstating the real cost of trading and remain a forecast figure for the next 12 months, a paraplanner has warned.
Some of the biggest names in the UK retail funds sector are charging investors nearly double the published ongoing charges figure (OCF) for their funds, Mifid II regulations have brought to light.
Flows into European equity exchange traded products (ETP) rebounded in 2017, after an annus horribilis in 2016, and the trend is set to continue thanks to MiFID II’s transparency requirements in 2018, according to reports.
Could Mifid II be responsible pushing markets into a downward spiral? Perhaps not, but a rule requiring managers to report any 10% fall in a portfolio to clients will do little to discourage the buy high/sell low mentality of the man on the street.
After months of talking and planning, Mifid II is finally here, but is the asset management industry ready for the bombshell to land?