You will be hard-pressed to find someone working in the asset management industry today who is not aware, on some level, that the implementation date for the Markets in Financial Instruments Directive II (MiFID II) is less than a year away (3 January 2018). Despite the year long delay last October, time is truly of the essence as the European Parliament requires the directive to be transposed into national legislation by member states as soon as 3 July 2017.
Multi-asset funds have seen significant growth of late, with figures from the Investment Association (IA) showing that multi-asset fund sales reached £2.6 billion in 2016.
When Richard Philbin, Chief Investment Officer at Wellian Investment Solutions, sought a flexible, automated approach to building his team’s sophisticated fund research reports he adopted FE’s FinXL, an excel add-in that pulls data from FE’s database, to support his use of FE Analytics. FE Analytics is an investment research platform used by over third of the UK’s top advisers. Having used the products together for a number of years, Wellian are reliant on the software for their fund research.
Recent research on the most bought funds in 2016 showed that Fundsmith and Woodford Equity funds featured first and second on the list - whilst Vanguard's passive vehicles also bagged top spots.
A new report from Deloitte, ‘Survival of the Fittest: Defining Future Leaders in Asset Management’ has outlined five bold changes asset management groups will need to make in order to remain competitive.
On the 18 November the Financial Conduct Authority (FCA) published the Interim Report to its Asset Management Market Study, noting several areas for further focus. The overall study aims to assess how competition in the market is working and to what extent investors are getting value for money, and is set to be published in February 2017.
Following the success of our recent EPT breakfast briefing, which saw industry leaders come together and share their expertise on the upcoming requirements under the PRIIPs regulation, we thought we would share a quick video detailing how we can help you with your EPT needs.
We bring you up to date with some of the most pressing regulatory issues facing asset managers right now.
The UK’s £6.6 trillion UK asset management industry is indeed one of the most competitive. The traditional fund market is saturated to an extent by countless products overlapping with regards to both asset class and style. Furthermore, the rise of one-stop-shop multi-asset solutions and model portfolios has left traditional funds looking less attractive to advisers looking to diversify clients’ assets.
While the benefits of social media were not immediately recognised by asset managers, and indeed the financial services industry more broadly, it’s acknowledged now by most firms that social media provides a platform on which companies can build their brand and connect with their target audience.