EFAMA
EFAMA outlines rules for EU-wide pension product
EFAMA, the representative body for the European investment management industry, has issued recommendations for the first-of-its-kind European-wide pension product.
European investment funds soar to record levels
Net sales of European investment funds reached an all-time high of 601bn (£443bn, $685bn) in 2014 with UCITS sales almost doubling, a report revealed today.
UCITS sales slide by 17bn
Sales of UCITS dropped sharply by 17bn (£13bn, $20bn) in November, despite a surge in the sale of European long term funds throughout the month.
European Commission approves long-term
Proposals regulating the use of European long-term investment funds (ELTIFs) will be adopted before the end of the year after they were approved by the European Commission last week.
United Kingdom | 26 Nov 14
Regulatory reforms a significant burden
The “unprecedented wave” of regulatory changes will “present a significant burden” to asset managers, said EFAMA’s Peter De Proft.