February 2017

Fiona RintoulI’ve suggested before on these pages that the UK would never have voted for Brexit if the  British were more linguistically able.

StopwatchOne of MiFID II’s numerous implications for funds is ‘target markets’. The way this investor protection regime is managed is still to be finalised and David Stevenson finds distributors need to work harder at it.

Graph_up_boatThe new US president promised tax cuts, deregulation and increased infrastructure spending, but Stefanie Eschenbacher finds that multi-asset managers are becoming increasingly concerned he might overdo the economic stimulus.

StatueInvestors that have relied on central banks to support asset prices may be in for a rude awakening as the easing of monetary policy goes into reverse. David Stevenson asks if this will benefit long-suffering active managers.

BarometerGermany’s db X-trackers and France’s Lyxor were both hit when investors ditched European ETFs last year. Nick Fitzpatrick asks if there’s ‘trouble at the top’ for the two largest Europe-based ETF firms.

Mark WeeksMark Weeks, head of ETF Securities, reflects on Brexit’s trampling of the FTSE and tells Nick Fitzpatrick he hopes to see stock and bond inflows top commodities for the first time this year.

Ireland bridgeHopes are high that the Central Bank of Ireland’s final guidance on fund governance will help to dispel its financial service sector’s Wild West image. The guidance took years to arrive, writes Nicholas Pratt. But has the issue really been resolved?

FrenemiesIn the fintech age, the threatening word ‘disruption’ reverberates around the asset management industry. Yet ‘the barbarians at the gate’ are suddenly welcome, writes Nicholas Pratt.

DinosaurGlobal custodians feel blockchain will strengthen their market position. But unless they use it to overhaul their service, rather than just refurbishing it, they could find their whole existence under threat. Nicholas Pratt reports.

Bruce McGloganIn the midst of the “Fourth Industrial Revolution” and in the wake of Brexit and the inauguration of US President Donald Trump, there is a near-deafening cacophony of noise and a seismic shift in investor attitudes, says Bruce McGlogan, Head of Product – Private Equity & Real Estate (Africa/Europe), Maitland.

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Executive Interviews

CEO INTERVIEW: Munro gains three-year track record

Mar 16, 2017

Aviva Investors’ annual results this month were the third set since Euan Munro took over as CEO. Nick Fitzpatrick speaks to him about the ‘Aims’ fund at the heart of the firm’s outcome strategy.

DISTRIBUTION INTERVIEW: Tales of the unexpected

Mar 16, 2017

Laurence Terryn, a fund selector at Candriam, tells David Stevenson how the twists and turns of the past year’s macro environment flavoured her approach to fund selection.

Roundtables

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.

SEC LENDING ROUNDTABLE: Both a borrower and a lender be

Jan 11, 2017

Industry heavyweights, including agent lenders, discuss issues affecting the securities lending sector such as regulation and the types of collateral being used.