Unigestion will team up with Allianz group’s private banking arm to promote its multi asset offering in the Italian market.

Ucits recorded net inflows of €86bn in July compared to €7bn in June – recording an all-time high in 18 months.

Since the start of 2019, net redemptions in the Spanish fund market reached €257m.

Net assets of Luxembourg-domiciled funds at the end of August 2019 totalled €4.5trn, recording a 0.4% rise from July (€4.4trn).

Spanish asset manager March AM will give back 10% of the fund management fees to projects involved in the preservation of sea resources as well as in sea recovery.

Investors were in "risk-off" mode during the week to 25 September, as they have been almost constantly in recent months.

The European ETF battle has heated up with the latest entry of Goldman Sachs Asset Management (GSAM), which launched its European ETF offering on the London Stock Exchange on 26 September.

Spanish investment funds and SICAVs fell by 0.6% in August 2019, due to negative returns on portfolios, according to financial platform VDOS.

Succession planning has become increasingly important for family offices, as generational wealth transfer is predicted to play out over the next decade.