May 2013

AnalyticsPerforce, I must begin with a confession. I do not understand what active exchange-traded funds (ETFs) are – and I never have.

CastleConforming to the stereotype of German efficiency, one law is likely to become the new legal framework for all fund structures. Stefanie Eschenbacher reports on regulary battles in Europe’s largest economy.

Marathon runnersThe German fund market has rebounded – but the drivers are institutions. Meanwhile, millions of retail investors are staying away, finds Stefanie Eschenbacher.

SatelliteShould Europeans choose an American firm for their US equity exposure? It depends if that manager has staying power and can ensure good communications with head office. George Mitton reports.

Wind farmHas the era of austerity harmed socially aware investments, or given it a new lease of life? Fiona Rintoul seeks answers.

PullieExchange-traded products that use leverage are a way of coping with flat markets. But Nick Fitzpatrick finds compounding risk means more attention needs to be paid to performance.

HourglassLaunching a sharia-compliant fund can require a time-consuming search for religious experts to certify the fund's Islamic credentials. An alternative is to employ an Islamic advisory firm. George Mitton reports.

Safety netNicholas Pratt considers pension fund outsourcing of broader back and middle-office operations to custodians, while Marks & Spencer’s pension scheme talks about its approach to asset servicing.

Legal easeWhile 2012 saw just eight new fund launches on the London Stock Exchange, listed investment companies outperformed the FTSE All Share index and more than £3 billion (€3.5 billion) of new capital was raised.

LionFixed income funds were dominant in 2012, while equities suffered net outflows and money market funds lost their appeal. The global fund distribution team at Ernst & Young Luxembourg present the numbers.

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Sponsored Profiles

SPONSORED FEATURE: Alternative thinking

Mar 16, 2017

Portfolio Manager Davide Cataldo discusses the results of the Pioneer Investments’ survey on liquid alternatives and how investors can be encouraged to increase their allocation.

SPONSORED FEATURE: Interest rate risk hedging: Swapping to other options

Mar 16, 2017

Heightened margin requirements for cleared and uncleared OTC derivatives pose a challenge for legitimate hedging activities and are driving financial institutions to explore alternative hedging...

SPONSORED FEATURE: Why blockchain could be the fund industry’s next Ford Model T

Mar 16, 2017

Blockchain aims to radically change the way investors can access funds, says Olivier Portenseigne, Managing Director and Chief Commercial Officer of Fundsquare.

SPONSORED FEATURE: Open architecture: In need of protection

Mar 16, 2017

Greater efficiency must be embraced to ensure regulatory changes do not destroy choice for fund buyers, says Bernard Tancré of Clearstream.

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

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.

ASSET SERVICING ROUNDTABLE: Under pressure

Mar 07, 2017

Funds Europe speaks to leading Luxembourg industry figures about the growing regulatory demands on asset servicers and how to remain profitable in spite of major investments in technology.