Pick-up in net sales of bond and money market funds in August
EFAMA has today published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data on UCITS and AIFs for August 2022, at European level and by country of fund domiciliation.
The market for ESG ratings should be transparent and competitive | Market Insights | Issue # 11
EFAMA has released today a new issue of its Market Insights series titled “ESG ratings of Article 8 and 9 funds: assessing the current market and policy recommendations for the future”. This research was motivated by the development of the market for ESG ratings against the backdrop of a growing demand for Article 8 and 9 funds, two ESG-related fund categories introduced by the Sustainability Financial Disclosure Regulation (SFDR).
ESMA’s Consultation paper on the review of the guidelines on MiFID II product governance requirements
EFAMA wholeheartedly supports ESMA’s objective of ensuring a consistent and harmonised application of the MiFID II product governance requirements. In our response to their consultation on the topic, we raised the following points:
Net outflows from UCITS slowing in July
EFAMA has today published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data on UCITS and AIFs for July 2022, at European level and by country of fund domiciliation.
Net sales of worldwide long-term funds turned negative in Q2 2022
EFAMA has today published its International Quarterly Statistical Release regarding the developments in the worldwide investment fund industry during the second quarter of 2022.
High-level response to ESMA consultation on notifications for cross-border marketing and management of AIFs and UCITS
EFAMA welcomes the European Securities and Market Authority’s continuous commitment to creating a single market for investment funds, confirmed by the draft regulatory standards currently under consideration. These RTS/ITS would further harmonise information that asset managers should provide to their national competent authorities before marketing or managing an investment fund on a cross-border basis, thus facilitating intra-EU product distribution.
Net sales of long-term UCITS turn negative in light of economic uncertainty
EFAMA has today published its European Quarterly Statistical Release for Q2 2022.
Strong net outflows from UCITS in June 2022
EFAMA has today published its latest monthly Investment Fund Industry Fact Sheet, which provides net sales data on UCITS and AIFs for June 2022, at European level and by country of fund domiciliation.
OECD Progress Report "Amount A of Pillar One"
EFAMA welcomes the OECD's work on Schedule C: Exclusion of Revenues and profits from Regulated Financial Services from the scope of Pillar One, in particular the amendments to the definition of “Asset Manager", licensing asset management as a business, the level of regulaton and the activities list.
ISSB's Exposure Drafts on Sustainable Reporting Standards
EFAMA shares the urgent need to improve the consistency and comparability of sustainability reporting at a global level. Therefore, we welcome the opportunity to respond to the ISSB consultation on the Exposure Drafts on “General Requirements for Disclosure of Sustainability Related Financial Information” (IFRS S1) and on “Climate-Related Disclosures” (IFRS S2).
EFAMA highlights that alignment and interoperability with global standards are key
EFAMA has stressed that global alignment of sustainability reporting standards will be necessary to ensure clarity for investors as Europe moves towards a zero emissions economy by 2050.