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Following the EU referendum in 2016, investors expected property markets to fall sharply, resulting in a rush of withdrawals from property funds. Several funds had to suspend withdrawals or apply value adjustments to stave off the tide while they raised money through the sale of assets.
Having selected 50 assorted MiFID II investment firms – D2C platforms, robo-advisers, DFMs and fund managers – the FCA looked at their understanding of the rules, where they might be falling short, how well costs and charges information is shared between groups and whether cost disclosure has improved the transparency of client communications.
The FE Alpha Managers make up the top 10 per cent of UK retail-facing managers based on their track record going back to the year 2000, with extra weighting for managers with the longest track records to highlight the benefits of experience.
Despite a lack of ability to do much at a local level about PRIIPs, the FCA issued a Call for Input (CfI) last year to ask for industry views on issues such as the scope of the PRIIPs Regulation and the calculation and presentation of risks, returns and costs on a KID.
The 19 financial advisers and wealth managers on the FE Adviser Fund Index (AFI) panel have hiked risk across all three indices in this month’s bi-annual rebalancing by increasing exposure to global and emerging market equities, whilst trimming UK positions.
It is becoming more and more evident that the wealth and asset management industry is going through a digital transformation. Changing technology is making space for a new breed of digital competitors with innovative solutions aiming to disrupt the industry.
FE today announced that UK Gilts topped the sector charts in the latest FE Passive Crown Ratings rebalance with 38% of funds achieving the maximum five FE Passive Crown Rating. Following closely behind were Property (30%), North American Equities (29%) and Emerging Markets Equities funds (29%), whilst no Sterling Corporate Bond funds achieved the top accolade for a third rebalance in a row.
While much attention since MiFID II came into force a year ago has been on cost disclosure, the European regulator ESMA has published two consultation papers (CPs) on integrating sustainability risks and factors in MiFID II, tightening up on suitability of advice, and in UCITS and AIFMD, incorporating them in product governance.
For many, the New Year is a time for change, a time to rid yourself of the previous year’s sins and a time to pick up some good, new habits. Charles Younes, research manager at FE, shares his thoughts on three investment habits to pick up and fads to avoid in 2019