EFAMA has today published its European Quarterly Statistical Release for Q2 of 2024.

EFAMA identifies four key areas for improvement

EFAMA welcomes the high degree of ambition and clear call to urgent action put forward by former European Central Bank President Mario Draghi to address the EU's competitiveness challenges and reverse the ongoing trend of slowing growth and declining productivity. Improving the EU’s global competitiveness is vital for preserving EU’s prosperity in the long run, enhancing investment opportunities and attracting more capital into the EU.

EFAMA has published its latest Monthly Statistical Release for June 2024.

Thomas Tilley, Senior Economist at EFAMA, commented: “The ECB rate cut of early June resulted in strong net inflows into bond UCITS throughout the month.”

The main developments in June can be summarised as follows:

62,000+ new fund share classes have been added, including new categories

ESMA technical standards move one step closer to consolidated tape launch.

ESMA recently closed the consultation for regulatory technical standards that will define the competitive selection process for the consolidated tape, as well as the technical abilities that  applicants will be assessed on.  In its response for the buy-side, EFAMA stressed that a robust governance framework for the operators of the tapes is critical.

EFAMA has published its latest Monthly Statistical Release for May 2024.

Thomas Tilley, Senior Economist at EFAMA, commented: “May 2024 saw net sales of equity UCITS rise to a 35-month high thanks to strong net inflows into equity ETFs and a rebound in non-ETF equity funds.”

On Friday 19 July, the European Commission formally adopted its Delegated Regulation supplementing the ELTIF Regulation. This text will now be subject to a 3-month scrutiny period by the co-legislators before entering into force.

EFAMA congratulates the Commission on a very robust set of Level 2 rules which will support the revised ELTIF rulebook.

EFAMA has published the latest Monthly Statistical Release for April 2024.

Thomas Tilley, Senior Economist at EFAMA, commented: “Despite a dip in global stock markets, bond UCITS continued to attract strong net inflows in April as investors were anticipating the June ECB rate cut.”

Today, EFAMA has published its International Quarterly Statistical Release for Q1 2024.