Europe
Santander, UniCredit fund management merger on hold
The long-delayed deal between Italy’s UniCredit and Spain’s Santander to merge their fund management businesses has hit a further roadblock, with the Italian bank now on the hunt for a new chief executive.
Fund managers keep fretting about Brexit despite low odds
Bookmaker William Hill cut its odds for Britain to vote to remain in the EU to 1/5 yesterday, implying a probability of just 15% that Brexit will occur. Nevertheless, fund managers remain seriously worried it might well happen.
Efama blasts Priips document as ‘not fit-for-purpose’
Europe’s main asset management trade body has slammed the new consumer information requirements for those selling packaged retail and insurance-based investment products as a “danger” to investors.
HNW investors expect European equities to overtake the US
There has been a clear shift among investors over the past two years, with the majority now favouring European equities over the US, according to the latest private client survey from JP Morgan Private Bank.
Luxembourg’s fund buyers – the perfect Europeans
Against a backdrop of macroeconomic uncertainty, most fund selectors based in the Grand Duchy intend to increase their allocation to long/short equity funds. They also follow the other main trends: buying emerging market equities and corporate bonds, and selling US equities and government bonds.