The European Fund and Asset Management Association (EFAMA) has today released its latest Market Insights report, Perspective on the costs of UCITS. The full report breaks down the costs of UCITS, focusing on the fees charged for the different services provided along the investment fund value chain and distinguishing between the product cost for which fund managers are directly responsible, and the total cost of ownership borne by consumers, which includes the product cost as well as the costs of distribution and advice.
Despite the turmoil brought on by the Covid-19 pandemic, family-owned enterprises have managed to stay resilient. The world's largest 500 family businesses generated USD7.28 trillion in revenues, employing 24.1 million people across 45 jurisdictions. These and other findings were published today in the 2021 EY and University of St. Gallen Family Business Index which reveals how the largest family-owned businesses have responded to the recent turbulence in the global economy.
The European Fund and Asset Management Association (EFAMA) has published its latest quarterly European statistics, tracking and analysing trends in European regulated open-ended fund assets and net flows during Q2 2021.
As the historically paper-based wealth management industry undergoes a long-awaited digital transformation, mass affluent customers are now open to a wider range of providers managing their investments.
Objectway, Global Top 100 fintech leader in the Digital Wealth and Asset Management software, announced today the acquisition of Die Software Peter Fitzon GmbH, a primary German provider of banking solutions.
American Century Investments and Nomura Asset Management launch U.S. focused innovation equity UCITS
American Century Investments and Nomura Asset Management have launched the American Century U.S. Focused Innovation Equity UCITS (ISIN: I USD IE0006AEA9Y8), a sub-fund of Nomura Funds Ireland Plc, that is now available to investors in Europe.
EFAMA writes that it wholeheartedly supports a retail investment strategy that gives EU citizens the necessary tools and the confidence to put their savings to work by investing in capital markets.
Independent global investment research company Vadevalor has launched a fund manager search engine as part of its rollout to the UK funds market. The firm has researched the many thousands of equity fund managers working in the European market and has awarded a rating to those individuals it deems to have added value over the longer term.
The Irish funds industry may have some catching up to do in the private funds space, but as the government gears up to introduce a refreshed Investment Limited Partnerships Act, the jurisdiction is expected to see an influx of managers from the UK, the US and further afield choosing to set up their private funds in Ireland.
Most UCITS fund prospectuses remain sub-optimal as tools, with even seasoned professionals often finding them difficult to understand, says a recent report by More Carrot, a company specialising in document optimisation and outsourcing for asset managers.