EFAMA Launches Cross-Border Fund Classification
The European Fund and Asset Management Association (EFAMA) is kick-starting a new fund classification system, which is expected to pave the way for a European benchmark.
HSBC Targets 'Sticky' Money
HSBC Global Asset Management is launching a campaign to attract more ‘sticky’ money into its external distribution business.
Axa, BNP Unveil 16 French ETFs
AXA Investment Managers and BNP Paribas list 16 ETFs in their EasyETF range on Euronext Paris, nine of which are completely new. The vehicles are made up of both large and innovative indices.
SLI Demands Sicav Clarification
‘Halfway’ status of UK Sicavs labelled a handicap by fund managers.
Absolute Return Funds Lose Ground
While the average absolute return fund dipped by 4.3 per cent in the past year, a commodity-heavy Stadtsparkasse fund rose by 6.4 per cent.
REITs Fail to Get German Tax Break
A draft proposal that would have ended the policy of taxing dividends paid by REITs on foreign properties, fails to get approval from the German cabinet.
Tie Up Sees Nikko in Spain, Portugal
Leading Japanese asset manager signs deal to bring mutual funds, institutional management to southern Europe.
