ESMA’s Call for Evidence on the UCITS Eligible Assets Directive is a welcome opportunity to take stock of the existing UCITS framework.
Policy Position
Tax ＆ Accounting
29 July 2024
EFAMA’s statement for the European Commission’s evaluation of the Directive on Administrative Cooperation (DAC)
EFAMA welcomes the launch of this public consultation to evaluate and assess the effectiveness, efficiency and continued relevance of the DAC and its amendments (DAC2 to DAC6), as well as its coherence with other policy initiatives, priorities and the EU added value.
Press Release
Statistics
24 July 2024
Net sales of equity UCITS reached a 3-year high in May
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.”
Statement
ELTIF
22 July 2024
ELTIF 2.0 Level 2 rules are almost complete
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.
Press Release
Statistics
28 June 2024
Sustained inflows into bond UCITS in April, while equity UCITS continue to see outflows
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.”
Press Release
Statistics
25 June 2024
Record net sales of bond funds in Q1 2024 driven by strong demand in the U.S. and Europe
Today, EFAMA has published its International Quarterly Statistical Release for Q1 2024.
Policy Position
Management Companies
Financial stability
20 June 2024
FSB consultation on liquidity preparedness for margin calls in non-bank financial intermediation
EFAMA agrees with the FSB that market participants should integrate the management of margin and collateral calls into their risk management, governance, and operational processes.
Press Release
Competitiveness
20 June 2024
Decisive shift in policies is required to mobilize private savings towards the EU economy
Latest EFAMA research finds that the outperformance of US stock markets has led to increasing allocation of equity UCITS assets to US stocks
Today, EFAMA published the latest edition of its Market Insights series, titled “The EU Must Adopt a New Deal to Mobilize EU Savings”.
Press Release
Statistics
18 June 2024
2023 a record-breaking year for ETFs, EFAMA’s latest Fact Book shows
Net assets of UCITS and AIFs doubled over the last ten years, reaching EUR 20.7 trillion in 2023
Publication
14 June 2024
EFAMA Annual Review 2023-2024
EFAMA's Annual Review highlights our key achievements over the past 12 months and provides a useful overview of the main topics we cover.
The Review is structured around the work of our Standing Committees and Taskforces. These bodies are the lifeblood of our Association as they develop sound, unified and evidence-based common positions around relevant EU/global initiatives and campaigns.
Press Release
Retail Investment
12 June 2024
Council of the EU takes crucial step forward for retail investment
Improved Retail Investment Strategy approved but more work still to be done
Today, EU member states confirmed their position on the Retail Investment Strategy, following months of intensive negotiations under the Belgian Council Presidency. We welcome the decision to move away from banning commissions on execution-only transactions, which ensures that retail investors will still have access to direct distribution channels such as fund platforms.
Press Release
Statistics
10 June 2024
Strong net sales of bond funds
European fund trends in Q1 2024 - EFAMA has today published its European Quarterly Statistical Release for Q1 of 2024.
Thomas Tilley, Senior Economist at EFAMA, commented: “Investors flocked into bond funds in anticipation of interest rate cuts. Net sales of bond funds (UCITS and AIFs) reached EUR 95 billion for the quarter, marking the highest volume of inflows since Q2 2017.”
