The EU’s chief Brexit negotiator Michel Barnier has poured cold water on UK hopes that the country’s financial services firms will be granted virtually permanent access to European markets once the current Brexit transition comes to an end in December.

There is evidence that ESG integration leads to outperformance of fixed income portfolios while also having benefits for issuers.

German retail investors placed €120.2 billion in open-ended funds last year, the funds industry trade body said as it also called for a “regulatory shift” in the EU that could unleash more resources for investment in technology and new markets.