Euro money market funds' (MMFs) yields have stabilised at marginally positive levels two months after the ECB cut its deposit facility rate to zero, but could post negative yields if short-term euro market rates move further into negative territory, warned...
Latest figures from the Swedish Investment Fund Association (Fondbolagens förening) show bond funds saw net inflows, while money market funds saw outflows through August.
The European Commission is consulting on potential changes to the UCITS framework with improvements to the regulation of money market funds, short-termism and harmonising the investment industry's approach to fund redemptions among the items on the agenda....
European fund investors redeemed €7.5bn from equity funds last month, as the effects of the eurozone crisis continued to cut into investor confidence.
The European Central Bank's decision to stop paying interest on its deposit facility will push euro-denominated money market funds down the same road as US money market funds in 2008, starting with the temporary closure of some funds to new investments,...
Insight Investment has blocked investors from pumping more money into its €1.1bn Insight Euro Liquidity fund following the European Central Bank's move to cut interest rates.
Net investments in bond funds continued through June, according to latest figures from the Swedish Investment Fund Association (Fondbolagens förening)
Michael Eberhardt, vice president and senior analyst at Moody's, says in the rating agency's latest weekly outlook that the recent ECB rate cuts are bad news for money market funds.
Moody's Investors Service has maintained a stable outlook on asset managers, money market funds and closed-end funds in 2012 but the rating agency has changed its outlook on bond funds to negative.
Proposed regulatory changes for money market funds (MMF) in South Africa will bring the rules closer to those governing MMFs in the US and short-term MMFs in Europe, a Fitch Ratings report said.
Luxembourg is Europe’s largest holder of investment fund assets with 26.5% of the total, a 4.7% drop since 2010 and a big blow considering its Irish rival upped its share of the industry in 2011.
Fitch has upgraded Casablanca-based BMCE Capital Gestion's asset manager rating to M2+ from M2 to reflect its renewed IT infrastructure having implementated portfolio and risk management solution, Sophis Value.
Bond funds saw net inflows of €4bn in December, the first time similar inflows have been recorded since July 2011, while long-term Ucits and equity funds saw limited outflows as investor confidence returned.
Assets in ING Investment Management’s Liquid Euro money market fund have jumped 28% since the end of 2011 to €6bn, despite heavy redemptions from other European money market funds.
Fitch Ratings says that its outlook for money market funds in 2012 is stable, reflecting ongoing portfolio management that has left such products well positioned to managed ongoing problems of credit, liquidity and interest rates.
According to a recent research report from Lipper, French investors redeemed €15.3bn from money market funds in September, a significant chunk of the €52.9bn total outflows from European money market funds.
Net inflows to Ucits balanced funds increased from €5.2bn in May to €6.3bn in June according to the European Fund and Asset Management Association, EFAMA.
The demand for bond and equity funds fell sharply in June amid growing fears about the global economy and the sovereign debt crisis in Europe, according to European Fund and Asset Management Association (EFAMA) data.
Fitch Ratings upgraded its assessment of the Frankfurt investment operations of the institutional arm of Deutsche Bank, but noted the unit faces challenges, chiefly a heavy reliance on fixed income assets.
Triggered by fears over market volatility, investors withdrew from Ucits fund investments in March, as equities, bonds, money market and long term funds were hit by redemptions, monthly research from the European Fund and Asset Management Association...
Europe and the rest of the world flocked back to equity funds in the fourth quarter of 2010, while appetite for bond funds fell, in a sign of strengthening investor confidence at the end of last year.
European investors showed caution in January, moving into bonds as they reacted to changes in the macroeconomic environment, in particular turmoil in the Middle East.