The latest headlines about property funds in the UK seem to indicate the herd behavior of investors may lead to the next shake up of the fund industry in Europe. The M&G Property Portfolio fund became the first fund product to be gated because it couldn’t meet the demand for share redemptions. This all happened…
Fund managers and investors are still often confused over the definition of environmental, social and governance (ESG) investing because there is no single definition of ESG. This is despite all indications that the integration of ESG criteria in all portfolio management processes is the inevitable future of the asset management industry. In addition to the…
It seems like the concerns of European investors regarding general economic growth and, therefore, declining earnings, are gone. This is in spite of continued uncertainty over Brexit and the trade war between China and the U.S. As a result, November was the ninth month during which long-term mutual funds posted net inflows this year. Equity…
November was another positive month for the European ETF industry as the promoters of ETFs in Europe enjoyed above average inflows in November. These led, in combination with the positive performance of the underlying markets, to an increase in assets under management in the European ETF industry from €809.3 bn as of October 31, 2019,…
European investors bought further into bond funds in October despite the new quantitative easing by the European Central Bank (ECB) and interest rate cut by the Federal Reserve. The general inflows into mutual funds come despite ongoing concerns about declining company earnings and the possible effects of the trade war between the U.S. and China.…
October was another positive month for the European ETF industry, as the promoters of ETFs in Europe enjoyed above average inflows in October. These led, in combination with the positive performance of the underlying markets, to an increase in assets under management in the European ETF industry from €795.6 bn as of September 30, 2019,…
After strong outflows from equity funds in August, it appears quantitative easing by the European Central Bank (ECB) and the interest rate cut by the Federal Reserve have led European investors back to equities in September. This comes despite ongoing concerns about declining company earnings and the possible effects of a trade war between the…
With the rise of ETFs, index mutual funds had been out favour with European investors until the year 2015. But even as index funds got some positive momentum since 2016, ETFs still experienced higher inflows. While I was analysing the year-to-date flows at the end of August, I was surprised that index funds (+€52.5 bn)…
After outflows in August, the promoters of ETFs in Europe enjoyed above average inflows in September. These led, in combination with the positive performance of the underlying markets, to an increase in assets under management in the European ETF industry from €757.0 bn as of August 31, 2019, to €795.5 bn at the end of…
The study “Searching for Growth in an Age of Disruption” conducted by the consulting firm Oliver Wyman and Morgan Stanley Research, estimates a mere one per cent compound annual growth rate for the revenues of asset managers. According to the authors of the study, the slowdown in revenue growth is driven by a growing unwillingness…