Consulting firm PwC says three major trends will shape the European financial services industry by 2023.

Bond funds drew in $11.4bn on the week to 4 September, while equity funds saw €8.4bn in outflows.

WisdomTree launched its Cloud Computing UCITS ETF on the London Stock Exchange, providing exposure to the rapidly burgeoning cloud computing enterprises.

Responding to increasing uncertainty in the UK triggered by the change in political leadership, investors still prefered bonds to equities in July.

The first half of 2019 saw assets of Europe's sub-advised funds soaring by 13% to €748bn according to InstiHub's data.

The fund will be available through an app.

Investors in Spain continue to exit absolute return funds.

Italian investors continued to pull money from equity and flexible funds during the second quarter of 2019.