Mixed asset funds were 2019’s biggest winners as a last-minute turnaround saved equity funds from heading into outright outflows for the first time.
UBS Fondcenter, the B2B fund distribution platform, will merge with Clearstream’s Fund Desk, with approximately $230bn in assets under administration (AuA). The Swiss group expects a post-tax gain of around $600m.
Investment funds in Norway have boarded net new subscriptions of NOK 47bn (€4.76bn) over 2019.
Data compiled by Swiss Fund Data and Morningstar suggests a 14.5% year-on-year rise in assets.
Global ETF/ETP assets hit a new record, touching $6.35trn at the end of December 2019.
Defying predictions, 2019 turned out to be the best investment year for the Danish fund industry since 2009.
Luxembourg-domiciled funds posted €4.67trn as at the end of November 2019, a 2.01% month-on-month increase from October's collection of €4.57trn.
Spurred by the Conservative Party’s landslide victory, UK investors poured capital into equities in December 2019 – much more than any other period over the last two years.