EFAMA: ESG funds remain the trend in ‘resilient’ Europe 

Despite the huge cost in terms of human lives and economic damage of the corona crisis, European Fund and Asset Management Association (EFAMA) summarises the performance of the European fund industry as ‘resilient’. 

This was reflected in the Brussels-based organisation’s 2021 Factbook, published this month. It outlines the most important European trends currently affecting the fund industry. 

AIFMD & UCITS reform cloaked in Brexit fog

On-going high-level talk about reform of AIFMD and UCITS is generating nervousness in the European asset management industry. Was the 18 August letter on this topic from ESMA to the European Commission really about seeking to promote efficiency, or is it more a post-Brexit reckoning that could upset current successful arrangements?

Liquidity holds up in Luxembourg funds

Liquidity in Luxembourg’s funds is a key concern for the CSSF, Luxembourg’s financial regulator. With all asset class crashing over the last month, investors have had no easy safe-haven options, and many have sought to sell up and hold cash. However, to date, this stress appears not to have led to the suspension of any Lux fund.