Articles tagged: Competitor oversight
  • September 2019Opinions & Features

    Austria

    Austria’s fund managers have long faced considerable and growing competition from foreign providers. One such example is Union Investment which sells its funds to private investors through Austria’s Volksbanks. It has reported a 14% increase in AUM over the past year and a significant growth in its fund savings plans in Austria, which have increased by one-third to 79,000 over …
  • September 2019Opinions & Features

    France

    The significant swing into fixed income products was reflected in this month’s winners and losers. Allianz topped the charts with net sales of €534m thanks to its strong fixed income franchise. Indeed, the lion’s share of Allianz bond fund flows went into its Euro Oblig Court Terme ISR fund, a short-term bond fund with ESG credentials. Rothschild came second for …
  • September 2019Opinions & Features

    Germany

    Union, Flossbach von Storch and Deka dictated the pace in July. However, it was a close race between the two leading asset managers. While Flossbach chalked up most sales in the mixed assets arena, it could not match Union’s flows in the bond category. Ultimately Union’s strength in the property category pushed it ahead. The two groups posted combined flows …
  • September 2019Opinions & Features

    Italy

    Euromobiliare ranked as the best domestic long-term seller in July, thanks to two successful launches in the mixed asset target maturity sectors which posted combined net sales of €387m. Generali followed with net flows of €285m, taking the year-to-date overall result to €2bn. The insurance group recently announced its consolidated results. The asset management business strengthened its position further by …
  • September 2019Opinions & Features

    Spain

    As in the previous month of June, the operator making the most impact on the domestic scene was Catalonian big gun, CaixaBank. The transfer of assets within its fund range – related to the remodelling of its discretionary-portfolio service - was even more sweeping this month than last. Even so, the ultimate net-sales effect in the domestic arena was, essentially, …
  • September 2019Opinions & Features

    Sweden

    Shifts within the PPM appear to have come to a halt as the manager of the system’s default funds Sjunde AP Fonden dropped down the flows chart with redemptions of €33m. The two top spots were taken by Storebrand’s SPP (€262m) and Spiltan (€223) – both groups offering low cost products. SPP attracted the bulk of its net sales via …
  • September 2019Opinions & Features

    Switzerland

    Most Swiss groups saw inflows in July but for some of the largest groups these were weak, including UBS (€130m), GAM (€45m) and Swiss Life (€40m). Nevertheless, there was no change to the competitor leader board during July, with Axa IM keeping up its net sales assault, having only just broken into the top 10 in June.
  • September 2019Opinions & Features

    UK

    Premier Asset Management and the Miton Group have announced an all-share merger. The new firm, to be known as Premier Miton Group, will be two-thirds owned by Premier shareholders, with Miton shareholders holding the remainder. The merger is expected to go through in the fourth quarter.