Aviva Investors has added a private debt offering to its suite of long-term asset funds (LTAF).
Silke Bernard, Global Head of Investment Funds, Linklaters, writes that it’s taken a long time – nearly nine years since the initial legislation came into effect – but European Long-Term Investment Funds appear finally to be on the point of a breakthrough.
The European Fund Classification (EFC), a pan-European classification system of investment funds overseen by industry trade body EFAMA, has significantly expanded its coverage to reach close to 180,000 fund share classes across most European countries. The vast majority of European funds now have an EFC classification, EFAMA writes.
Irish domiciled funds surpassed EUR4.3 trillion AuM (Assets under Management) at end-March 2024, a 15 per cent increase in net assets year-on-year. The Irish Funds Industry Association writes that the increase reflects continued growth across a range of fund types and strategies, including Ireland’s thriving ETF offering which currently stands at EUR1.24 trillion AuM, 70 per cent of the European market.
Brown Brothers Harriman & Co has expanded its relationship with AllianceBernstein (AB), by adding to its data management services for fund operations.
Robeco is launching its Emerging Markets ex-China Equities fund, a SFDR Article 8 fund which is designed to allow investors to calibrate its China exposure separately.
The latest edition of Broadridge’s Fund Brand 50 (FB50), an annual research study by Broadridge Financial Solutions, reveals that cautious European investors put the squeeze on the asset management industry – parking cash in bank savings accounts and money market funds – and scrutinising asset manager credentials like never before.
Global true cross-border funds and registrations kept increasing in 2023 – according to PwC Luxembourg’s annual GFD Poster.
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