With net inflows of 35.5 billion euros and with not one month of net outflows over the course of 2018 so far (as of September 30), it seems the environment for ETF promoters in Europe is still positive. Meanwhile, their active counterparts face struggles from the uncertainty in the securities markets. Some market observers would…Details
Undertakings for Collective Investments in Transferable Securities (UCITS) is a well-known brand for mutual funds and ETFs, and investors all over the world appreciate the regulatory scheme. Investors from inside and outside the E.U. expect that all funds under the UCITS regulation are treated the same. But are all UCITS funds really treated equally? Obviously…Details
The promoters of ETFs in Europe enjoyed net inflows for July. These inflows—in combination with a positive market environment—led to increasing assets under management in the European ETF industry. In more detail, the assets under management in the European ETF industry increased—from €662.0 bn (as of June 30, 2018) to €677.5 bn at the end…Details
The announcement that the world’s largest fund management company—BlackRock—will require its fund managers to consider environmental, social, and governance (ESG) criteria in their investment decision-making process has been discussed widely in the trade press over the last few days. But what does this move mean for investors and specialized responsible/sustainable investment products as a whole?
Many conflicting stories float around about the actual origin of the concept of the passport. Britain and France come neck to neck in the invention of the concept. However, the word passport can be unequivocally credited to the French.
It is no secret that the European fund market is quite fragmented in some areas. But when it comes to the market concentration of fund domiciles, the picture changes from fragmented to rather concentrated. According to our European fund market report for Q1-2018, there were 34 fund domiciles in Europe, accounting for 10.54 trillion euros…Details
While observing the current active/passive fund debate, one could get the impression that investors must make the decision of investing either passively or actively in their portfolios. The talking points of each type of investment are often praised as a kind of dogma.
Looking at the headline figures, first quarter 2018 could be considered a business-as-usual quarter for the European fund industry, since the assets under management (+€10.5 tr) hit a new all-time high at the end of March. After a year of record inflows the European fund industry enjoyed further net inflows of €81.5 bn over the…Details
While observing the discussion around ETFs, especially in Europe, I become a bit concerned that the critiques are getting too tired—pundits seem to be going over the same topics again and again. In some cases the arguments have been proven wrong or are the result of the nature of the investment products. To give an…Details
A topic widely discussed in the European fund industry is actively managed funds that seem simply to follow an index without adding value for investors, while the management company charges fees for active management—so-called closet trackers. For me it is clear that active funds should add value to investors, either by reducing the risk attached…Details