Investors preferred to cash in profits following the stock market rally, according to Calastone’s latest Fund Flow Index.
The investment firm has raised €200m and is aiming for more than €1bn in investments.
According to Efama’s estimations, cross-border funds accounted for around half of net fund sales in Europe in 2018 and 2019.
The asset management arm of CA Indosuez Wealth signed a partnership with Fund Channel, which becomes the global distributor of its range of public and alternative funds.
London Stock Exchange Group will launch the Turquoise Plato’s Trade At Last on 13 July, allowing participants to execute trades anonymously after the markets have closed, matching the primary market closing price.
Open-ended funds managed €41.7trn in assets globally as of end March 2020, Efama and ICI found out.
Allfunds Investment Solutions will be rolled out as from Q3'20.
The volume of assets placed in investment funds in May stood at CHF 1,194bn (€1,118.4bn), recording an increase of CHF 33bn (2.8% month-on-month increase).