UCITS
ALFI sees Brexit uncertainty but Chinese opportunity
Asset managers with an anchor in Europe most likely won’t be losing too much sleep over the prospect of the UK leaving the EU, but they should still be preparing for the coming uncertainty, says ALFI.
ESMA finds strong evidence of ‘closet tracker’ funds
The European Securities and Markets Authority (ESMA) said a study it undertook found that up to 15% of large, actively-managed Ucits equity funds are potentially just tracking the underlying market index.
Impax launches environmental fund
Environmental markets-focused investment manager Impax Asset Management has launched the Impax Environmental Leaders Ireland Fund under the company’s existing Irish Ucits umbrella structure.
Stonehage Fleming expands distribution with Gemini tie-up
Stonehage Fleming and Gemini Investment Management have entered into a distribution partnership to broaden the reach of the Stonehage Fleming Global Best Ideas Equity Fund.
BlackRock launches first Israeli Ucits ETF
BlackRock has launched an exchange traded fund for European investors to invest directly in the national Israeli index. It is the first fund to offer direct exposure to the underlying constituents of this index.