Articles tagged: Competitor oversight
  • June 2019Opinions & Features

    Austria

    One of Austria’s smallest investment companies, Julius Meinl Investment Gesellschaft, has been wound up by its parent company, Meinl Bank. At the end of April, its funds were valued at around €52m. After a series of mergers in recent months, the firm’s remaining three funds – Meinl Capitol 1 (Austrian fixed income securities), Meinl Core Europe (Western European equities) and …
  • June 2019Opinions & Features

    France

    This month SocGen stood out a mile, with its net sales of €727m streets ahead of others. Below the surface, however, two funds from its Lyxor subsidiary, Lyxor France Index 4 and 5, generated the vast majority of the flow. These funds are part of a set of five that are regularly trotted out by Lyxor when markets are on …
  • June 2019Opinions & Features

    Germany

    Deka emerged as the best performing group among the large fund providers, thanks to strong sales in the equity department. Three of its products were among the month's bestsellers: DekaLuxTeam-Aktien, Asien, Dax Ucits ETF and Deka DividendenStrategie. Altogether these funds recorded net flows of over €500m.
  • June 2019Opinions & Features

    Italy

    April was another disappointing month for local banking giant IntesaSanpaolo, and its fund units Eurizon and Fideuram have now suffered losses of €532m and €2.3bn, respectively, since the beginning of the year. Although the dominance of the largest domestic fund manager is not in question, there has clearly been a significant slowdown in momentum. New launches also failed to offset …
  • June 2019Opinions & Features

    Spain

    Although domestic headline sales levels are still relatively flat, they picked up in April with a narrow majority of local groups ending the month in the black on the net-flows front. Independent groups that specialised in the equity asset class were on a losing wicket, with overall fund sales in that category still mired in negative territory in April.
  • June 2019Opinions & Features

    Sweden

    Large players topped the sales charts in April with the four big banks featuring among the top ten in the group sales chart. However, Sjunde AP-fonden took the bulk of net sales in April (€283m) as restructuring within the premium pension system saw assets from funds leaving the PPM platform shift into state-run funds. Year-to-date, Sjunde AP7-fonden have received €743m, …
  • June 2019Opinions & Features

    Switzerland

    The Swiss marketplace is ripe with talk of mergers and acquisitions, but one development that will not come as a surprise is the news that local manager GAM is making a new push to find a buyer. The troubled group has seen outflows across its wider range since a manger scandal in July of last year (although the local Swiss …
  • June 2019Opinions & Features

    UK

    Woodford Investment Management’s decision to close its flagship Woodford Equity Income fund in June has had a variety of knock-on effects for the company and the fund management industry in general. Wealth managers, which have outsourced their investment management through segregated mandates, have turned their back on him. Leading wealth manager, St James’s Place has removed Woodford from the management …