Mon, May 29, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Focus on cross border funds (UCITS): A powerful tool in the fund promoter's armory

Friday, February 26, 2010
Opalesque Industry Update - According to the 1Q 2010 issue of the Cerulli Edge: Europe Edition, the market for UCITS funds is poised for further growth as alternative and long-only managers seek opportunities to expand their global reach.

Although 2008 was a challenging year for European investment managers—many funds experienced redemptions as investors moved into cash—assets under management in UCITS has steadily recovered to reach more than €2 trillion year-to-date through August 2009. During the same period, net new inflows exceeded €70 billion with Luxembourg-domiciled funds accounting for a significant proportion of sales.

While Continental Europe remains the hub of most European distribution strategies, the popularity of the UCITS brand is such that markets in Asia are becoming key sources of sales revenue for major asset management firms. Yet Cerulli analysts believe that the access to some global emerging markets will only come through setting-up onshore structures.

Traditional long-only funds currently dominate UCITS sales, but Barbara Wall, editor of the Cerulli Edge- Europe edition says, "A sharp increase in the number of alternative UCITS fund products in circulation suggests that hedge funds, including fund of hedge funds, will become an important feature of the cross-border fund landscape."

Other findings in this issue:
Dublin may have the edge in exotic assets, but both the Irish and Luxembourg domiciles will benefit from other intra-Europe relocations, mergers, and rationalizations.
Sales of offshore funds in the United Kingdom have been anemic. While the Treasury has taken steps to improve the lot of offshore funds in the United Kingdom, the new regime is unlikely to offer significant benefits to investors
Switzerland's financial services providers are being forced to come onside in trade for access to significant segments of foreign customers and non-domestic asset pools.

A recovery in Europe's battered property market has piqued the interest of investors, however European data has yet to reflect significant inflows in key fund markets. -KM- Corporate website: Source

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Tudor Jones backs AI hedge funds, Massive hedge fund trades highlight insider buying: GE, Pentair, Tempur Sealy, Apollo Global and more, Hedge funds big wigs are buying consumer and selling tech, here's the stocks[more]

    Tudor Jones backs AI hedge funds From FT.com: Hedge fund magnate Paul Tudor Jones has invested in a brace of artificial-intelligence powered "quantitative" hedge funds, underscoring the increasing acceptance that the industry will need to turn more to technology and away from traditional

  2. Soon hedge fund investors won't bet on a man, they will bet on a machine[more]

    From Forexlive.com: The Wall Street Journal is in the midst of a 17-part series that looks at the rise of quant funds. The AUM and money invested in quant funds still trails traditional asset managers but the gap is closing. What's truly amazing is volume. Quant funds make up 27% of trading vo

  3. Investing - China's HNA wants to invest in Value Partners, Risk parity investors reap rewards from rebalancing act, SoftBank's $100 billion tech fund rankles VCs as valuations soar[more]

    China's HNA wants to invest in Value Partners From Reuters.com: HNA Group has alighted on a logical, if pricey, target in Hong Kong. The deal-hungry Chinese travel conglomerate known for overpaying wants to invest in Value Partners, one of Asia's few sizeable independent asset managers,

  4. Opalesque Exclusive: Investors warm to ESG, but seek standardization[more]

    Bailey McCann, Opalesque New York: Asset managers and asset owners plan to double their investment in Environmental, Social and Governance (ESG) driven strategies over the next two years, according to a survey from BNP Paribas Securities Services. The report, "Great Expectations: ESG - what's nex

  5. Opalesque Roundtable: France's hidden strengths in AI and machine learning[more]

    Komfie Manalo, Opalesque Asia: All nations offer their strengths and weaknesses, but one that is undisputed is the quality of the French scientists, claimed Guillaume Vidal, co-founder of French technology startup Walnut Algorithms at the