The Irish funds industry may have some catching up to do in the private funds space, but as the government gears up to introduce a refreshed Investment Limited Partnerships Act, the jurisdiction is expected to see an influx of managers from the UK, the US and further afield choosing to set up their private funds in Ireland.
EFAMA has called on the European Commission (EC) to enforce the creation of a consolidated tape (CT), commenting: “MiFID II still fails to deliver a CT and the notion of “Reasonable Commercial Basis” in data cost has been largely overlooked.
Goldman Sachs Asset Management’s (GSAM) ETF push into Europe is gaining momentum, with the last few months seeing the firm list three ETFs across four exchanges with the most recent listing, on 20 November, on the Borsa Italiana.
Goldman Sachs Asset Management has launched its European ETF business with its first fund, the Goldman Sachs ActiveBeta U.S. Large Cap Equity UCITS ETF (GSLC).
Latest Lipper Refinitiv figures reveal that the promoters of ETFs in Europe enjoyed net inflows for June. Detlef Glow (pictured), head of EMEA research at Refinitiv, writes that these led, in combination with a positive performance of the underlying markets, to an increase in the assets under management in the European ETF industry.
Precidian Investments has just received approval on its filing for non-transparent actively managed ETFs. The firm writes that its ActiveShares structure is an enhanced version of an ETF with a blind trust and supporting processes.
The Dutch Authority for Financial Markets (AFM) has granted S&P DJI Netherlands (S&P DJI BV) authorisation as a regulated Dutch benchmark administrator, under the EU benchmark regulation.
The Central Bank of Ireland (CBI) has published a Feedback Statement in relation to ETFs giving its response to the Central Bank’s Discussion Paper 6 – Exchange Traded Funds (DP6), which was published in May 2017.
Franklin Templeton Investments is adding the Franklin LibertyQ European Equity UCITs ETF to its Franklin LibertyShares UCITS ETF range in Europe.
New European fixed income ETF provider Tabula Investment Management has launched its first ETF, the Tabula European Performance Credit UCITS ETF, designed to offer passive exposure to European corporate credit.