EFAMA
North America | 14 Feb 12
efama calls for further refinement of fatca regs
The European Fund and Asset Management Association today called on the US to further refine the rules it is proposing for the implementation of FATCA, although it acknowledged that the most recent set of draft regulations aimed at cracking down on offshore tax evasion addressed “many” of its original concerns.
european investors redeem 100bn euros net in 2011
The trend of net monthly Ucits fund outflows amounting to billions of euros in the past calendar year lessened towards the end of 2011, with bond funds seeing net inflows in December for the first time since the summer.
irish funds exceed 1trn for first time
The assets of investment funds domiciled in Ireland surpassed the 1trn (£830bn, $1.28trn) mark at the end of November last year, an increase of 40% on the assets held at the end of November 2009.
ucits funds up in value despite outflows
Investors throughout Europe are still moving money out of Ucits funds although the rebound in stock markets during October saw assets overall rise in value.
european ucits see outflows double in september
European Ucits funds saw net outflows more than double from August to September to just short of 50bn, according to the European Fund and Asset Management Association.