Magazine Issues»September 2011

Fish---blueTotal European net fund sales yo-yoed their way through the first six months of 2011, but ETFs enjoyed much steadier flows. Mark McFee asks if this shows that ETFs are set apart from the rest of the industry.


Tax-burdenUS authorities have pushed back the date for compliance with its Fatca rule in recognition of the burden it will cause. Nick Matthews and Matt Haddow, of Kinetic Partners, explain the challenges for fund businesses.


Lady-TeaAssets under management in Islamic funds are stalling. Pierre Weimerskirch and Farabi Zakaria, of Ernst & Young, give a Luxembourg perspective on challenges to growth, which include product 'lookalikes' and the 'myth' that Islamic finance is for Muslims only.

Snaders--WhiteheadIn response to the financial crisis of 2007-2008, the European Commission took the view that existing remuneration structures within financial services firms promoted excessive risk taking in order to achieve short-term profits, without considering the long-term financial health of those firms.

Finish_lineOur annual custody survey shows BNY Mellon is still at the top for global custody assets, but other firms saw most growth in percentage terms. Mark McFee provides an overview.

Stones-on-a-beachWith custodians now obliged to assume more liability for their sub-custody arrangements, Nicolas Pratt assesses to what degree risk management has improved.

roundtable_410Custody leaders tell us what they think differentiates their firms from rivals, and talk about challenges facing them and their asset manager clients.

DestinationsJurisdictions are competing for private equity asset servicing business. But, discovers Nicholas Pratt, in such a conservative market, emerging domiciles face an uphill task when challenging the old guard.

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