December-January 2016

The past two years have seen a spate of consolidations among asset managers, particularly in the boutique space. David Stevenson finds out why.

It’s a tough market for asset managers. Not only does the current barrage of regulation mean greater costs, but clients are also putting pressure on fees. For smaller players without economies of scale, additional costs can eat into profit margins.

Though some firms have looked to partner up or sell, forced sellers of asset managers are rare – though arguably Legg Mason’s acquisition of...

Ligia Torres, head of emerging markets at BNP Paribas Investment Partners, discusses her firm’s core philosophy and investment strategies. 

How does BNP Paribas Investment Partners approach emerging markets?

We firmly believe that consistent performance in emerging markets can only be achieved by having investment professionals based in those markets. Because our business model is not only to cover global clients, but most importantly to grow and service our domestic clients based in those jurisdictions, our business...

With developed market bond yields at historically low levels, David Stevenson asks how attractive Asian bonds are compared to other emerging markets.

It’s safe to say that emerging markets have been in the doldrums for some time, ever since the 2013 ‘taper tantrum’, when the US signalled it was scaling back its asset purchasing programme. Prior to that, investors couldn’t get enough of emerging market debt. 

How times have changed.

In the past year, Asia has seen China’s Shanghai Composite Index lose 30% of its...

Adeline Ng, head of Asia fixed income at BNP Paribas Investment Partners, sees positive fundamentals in the region’s bond markets.

Why should European investors consider Asia Fixed Income for their portfolio allocation?

The low interest rate environment is impacting the attractiveness of European fixed income instruments. This environment has prevailed since the Global Financial Crisis (GFC). The current backdrop has the European Central Bank (ECB) committed to Quantitative Easing (QE) measures and various countries are...

Potential investors under 50 are not being served by platforms, leaving a wide gap for disruptive firms – or innovative asset managers – to fill. In many ways, the social media revolution is messing with traditional business models, writes Fiona Rintoul.

After his refusal to apologise for a comment about “terrorist sympathisers” in parliament, made to colleagues before the House of Commons debated air strikes on Syria, the approval ratings of UK prime minister David Cameron plunged from 61% to 41%. 

How do I know this? In...

After a turbulent year for the Chinese stock market, Funds Europe’s panel of experts in Beijing discusses the economy, domestic retail funds, the high-net-worth sector, Stock Connect and the future of the renminbi. Chaired by Nick Fitzpatrick and Alan Chalmers.

Patrick Liu

Chief executive officer, HFT Investment Management

Andrew Smart

Special assistant general manager, CCB Principal Asset Management

Amy Wang

Head of Greater China – institutional,...

As we move towards 2016, firms across the financial industry will be setting out their budgets and plans for the year ahead – and it seems clear that market infrastructure, new regulations and tax changes will play a bigger role than ever in influencing and shaping that planning process. 

BNY Mellon’s current regulatory timeline includes no fewer than 20 changes between 2015 and 2019, with an increased concentration in activity during 2016 and 2017. Our own annual EMEA Tax and Regulatory Forums are an opportunity
not only to share our understanding of...

Carlos Samaniego is the assistant vice-president at Banco General Valores in Panama. As part of our Investec Global Distributor Insight series, in association with Investec Asset Management, he speaks to Funds Europe about Central American distribution.

How has the investor landscape changed over the past five years in Latin America?

Within Central America and markets like Panama and Colombia, the biggest change is that local players, both investors and investment managers, are much more open to international...

Since breaking through the $3 trillion of assets under management mark in early 2015, ETFs have broken more records in the past year. David Stevenson looks at where investors have placed their flows and the drivers for it.

In a year that has seen dramatic moves in monetary policy as well as stock market performance, exchange-traded funds (ETFs) seem to have emerged unscathed. In fact, the industry is set for another record year, with the amount of net new assets in these products outpacing 2014.

The main story has been...

Funds Europe brought together two authorities on India for a head-to-head discussion on Modi’s reforms, corruption in government and the sustainability of growth. Chaired by George Mitton in London.

Praveen Jagwani

Chief executive, UTI International Private

Amul Pandya

Head of business development,

Ocean Dial Asset Management

Funds Europe: What is the outlook for the Indian economy in the year ahead? Do you think a growth rate of 7%-plus is sustainable?...

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Sponsored Profiles

SPONSORED FEATURE: Investing for income

May 17, 2017

Portfolio Manager Thomas Kruse examines the findings from Pioneer Investments’ survey on income investing and outlines ways of achieving a target income.

SPONSORED ARTICLE: A radical solution to KYC concerns

May 17, 2017

The 1MDB affair shows that lax know-your-customer and due-diligence procedures are a major risk, says Paolo Brignardello, head of product management and marketing, Fundsquare. New solutions are...

SPONSORED FEATURE: AIFMD - What does Brexit mean?

Apr 18, 2017

An open discussion between funds industry experts and initiated by SGG Luxembourg took place in London to examine  the implications of Brexit for UK fund managers marketing to the EU.

SPONSORED FEATURE: Luxembourg fund reporting – CRS vs FATCA

Apr 18, 2017

Luxembourg funds need clear procedures for CRS compliance, writes Andrew Knight, Partner at M Partners, a member of the Maitland network of law firms.

Executive Interviews

INTERVIEW: Finding managers that can (and do)

Apr 18, 2017

Fabrice Kremer, a fund selector at Banque de Luxembourg Investments, has berated fundamental managers for failing to beat indices, but he remains committed to active funds. He speaks to Nick...

JERSEY INTERVIEW: ‘A steady sort of place’

Mar 21, 2017

The chief executive of Jersey Finance is keen to portray the island as a stable, trustworthy jurisdiction. He talks to George Mitton.

Roundtables

MARKETING & BRANDING ROUNDTABLE: It’s about aspiration

May 17, 2017

With such an intangible product, it can be hard for asset managers to communicate what they do. Having personality and connecting with customer aspirations may be the key, our branding roundtable hears.

ROUNDTABLE: The issue is perception

Mar 21, 2017

Our panel discuss tax transparency, the elegance of private placement and why Jersey could do more to promote itself. Chaired by Tom Cowsill in Saint Helier.