Recent articles by: Mark McFee
  • April 2019Opinions & Features

    Editor’s View

    Finally, the 'B' word... the seemingly endless Brexit debacle rolls painfully on and continues to dampen both the pace of fund demand and positive sentiment generally.
  • April 2019Opinions & Features

    Repetitive strain

    A second month of inflows re-enforced the flaccid sales trends that marked the start of 2019. Long-term net sales rose to €10bn, offering some superficial hope that last year's demise had been consigned to history. But underlying trends were negative, and without a move by UK local governments to convert pension assets into a series of new sub-advised funds, sales …
  • March 2019Opinions & Features

    Editor’s view

    Some investors were brave enough to stick their heads above the parapet in January, but most remained ensconced. A sharp rebound in stock markets encouraged as much profit-taking as new purchases in the equity sphere, but new demand for fixed income was apparent as signs of softening monetary policy emerged.
  • March 2019Opinions & Features

    Navigating with a faulty compass

    The first few months of the year often (but not always) help to set the tone for the remainder, so what to make of a January that delivered total net sales of just €1.4bn? The optimistic take is that investor sentiment towards different asset classes was at a turning point, with underlying flows netting out flat. The pessimistic take is …
  • March 2019Opinions & Features

    Into the beyond

    Providing existing clients with top-quality investment products and service is crucial to running a successful asset-management business, but it is necessary to keep an eye on the horizon when targeting new growth – be it in the form of changing allocation intentions, or the identification of new target markets. Adapting to shifting demands applies as much to current customers as …
  • February 2019Opinions & Features

    Editor’s View

    If one thing is certain about 2018, it's that it won't go down in the history books as a vintage year for Europe's fund industry. It made a splash to begin with – January capped 2017's record sales with the best ever monthly net inflows – but by the summer redemptions had set in, and the final four months saw …
  • February 2019Opinions & Features

    From the sublime to the ridiculous

    Why must all good things come to an end? After an unprecedentedly exuberant 2017, investors appeared to take a reality check in 2018 – and didn't like what they saw. The result was a withering of net sales volumes, from a record high in January through months of relative lethargy before slumping into pronounced redemptions during the last four months …
  • January 2019Opinions & Features

    Editor’s View

    A year has passed since Mifid 2 came into effect... more or less. The majority of key European fund markets have implemented the legislation (with Spain in the process of doing so) but its consequences are still becoming apparent and will reshape fund distribution for years to come.