The Investment Association's data shows British savers placed £532m (€592.5m) in UK equity funds in May 2019.

Eiffel Investment Group has launched a private-debt impact fund and is targeting €400m within two years.

The investment team will be transferred to Allfunds’ Zurich hub.

Spanish funds' assets under management amounted to €268.2bn as of 30 June 2019.

Net sales of UCITS and AIFs totalled €43bn in April, when compared to €6bn in March, according to latest statistics by the European Fund and Asset Management Association (EFAMA).

Open-ended funds marketed in Italy saw net outflows of €2.3bn in May after the €3.2bn recorded in April, according to latest statistics from Assogestioni, the Italian association of asset management professionals.

LGT, the private bank owned by the royal family of Liechtenstein, has acquired a controlling stake in Validus Wealth, an Indian wealth management firm, gaining a foothold in India’s growing market for high-net-worth private clients.

Societe Generale and MFEX signed a long-term partnership agreement to manage all post trade services related to the transfer of Societe Generale Securities Services’ (SGSS) Global Fund trading activities currently operated by the bank’s Luxembourg arm.