Competitiveness
To remain competitive and at the forefront of innovation, Europe must be open to cross-border flows of knowledge, ideas, capital and investment. The benefit in doing so ultimately accrues to European citizens and businesses.
Europe rightly strives for high regulatory standards. That said, EFAMA strongly believes our rules need to be well calibrated, so Europe can partake in global competition on a level playing field. Our policy work consistently advocates for a dynamic regulatory environment, which enables European financial markets to remain globally competitive.
Policy Recommendations for the Next European Commission
Investment management industry makes a number of key recommendations for the Savings and Investments Union
Simplifications needed to mobilise EU savings, boost investment, and foster greater integration
Fund consolidation would have a limited impact on fund costs
Increasing fund assets is seen as a more realistic and effective avenue
Today, the European Fund and Asset Management Association (EFAMA) published the 20th issue of its Market Insights series, titled “Beyond fund consolidation: a more promising strategy for bigger funds and faster cost declines in Europe”. This publication compares the size and number of equity UCITS with that of US equity mutual funds and challenges the commonly held belief that fund consolidation will significantly lower the cost of funds in Europe.
Draghi report highlights underdeveloped occupational and private pension systems as an issue for European competitiveness
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 Annual Review 2020-2021
It gives me great pleasure to provide you with an overview of our activities since our Ordinary General Meeting of last year.
Annual Review June 2019-June 2020
"It gives me great pleasure to provide you with an overview of our activities since our Annual General Meeting in Paris last year. While we were very much looking forward to hosting you all in Brussels this week, the current crisis and associated travel restrictions has forced us to improvise and turn our meeting into a virtual AGM.
EFAMA Market Insights | Issue #1 | Net outflows from UCITS in March 2020 - Industry weathers Covid-19 crisis
The Covid-19 pandemic significantly impacted financial markets. Stock markets across the world suffered a steep decline driven by lower economic growth and corporate profits. As anticipated, the crisis caused substantial net outflows from UCITS in March (EUR 313 billion). However, as a percentage of net assets, these outflows were no higher than in October 2008, at the height of the global financial crisis (2.9%).
