Recent articles by: Chris Chancellor, CFA
  • September 2018Opinions & Features

    A busy summer!

    So much for the 'quieter' summer months. While this edition of Fund Radar is reviewing activity in July (a month that saw a spate of new funds joining the industry's ranks), August's news flow cannot be ignored. While many of us may have been soaking up sunshine and recharging batteries, other industry colleagues were deep in action. Franklin Templeton merged …
  • September 2018Opinions & Features

    Group profile: JPMorgan

    JPMorgan Asset Management (JPM) is a stalwart of the European fund industry. It was formed from the coming together of Chase Manhattan, JPMorgan and Flemings in 2000. It has been one of Europe's key cross-border providers ever since. It is Europe's second-ranked brand according to Fund Brand 50, 2018 with a strong position in each country measured. Despite its brand …
  • September 2018Opinions & Features

    Sun shining, but hard to make hay

    Summer began early for asset managers. With temperatures soaring to record highs across Europe, investors lost interest in their portfolios and diverted their attention to more leisurely activities. There was some repurchasing after the sell-off of recent months but just three groups were able to gather more than €1bn of new money into their funds. This was low, even by …
  • August 2018Opinions & Features

    Half-year blues

    The record fund flows registered in January turned out to be a false start, early optimism fading away into more muted inflows, followed by redemptions in May and June. Red lights have been flashing in the bond arena in particular, though passive bond funds have managed to continue attracting net positive sales. Equities have also been in outflow of late …
  • August 2018Opinions & Features

    How the mighty do fall

    With money leaching out of funds in June, most of the blockbuster brand names that we have been so used to seeing on the leader board disappeared and were replaced by names best associated with institutional clients, a smattering of banks and distributors with captive clients, and a lot of boutiques. Natixis was an exception, although many would argue that …
  • July 2018Opinions & Features

    Launch in May and A-OK?

    May is often the last chance to get a fund launched with support from the whole sales team before summer holidays start and flows thin out. This May, existing products were, on the whole, in outflow, with active funds bearing the brunt. But there were still plenty of new launches bringing in business, too. Of the 149 newcomers this month, …
  • July 2018Opinions & Features

    What comes around goes around

    May was a month of sales drought that saw many recent winners sink into the deep waters of redemptions, proving that in the asset management world what goes up will almost certainly go down as the market cycle turns. But, it is the independent brand giants that are swimming with the fishes. The continental European banks with access to large …
  • June 2018Opinions & Features

    Tapping into new seams

    Despite a general slowdown in industry flows, the product-launch pipeline continues to yield a bountiful stream of new funds to tempt investors. In April more than 140 new products came to market. Equity was the most prolific launch area but, in line with the recent norm, bonds raised the most money. However, there was no blockbuster launch this month, with …