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Managers need to push active management, says Fitch

European asset managers will need to stimulate investor interest in actively-managed products if they are to improve performance post-crisis.

Fitch Ratings says in a report today that European asset managers will need to restore and strengthen the resilience of their business models as well as improving relationships with investors if they are to see their businesses grow through these volatile markets.

The ratings agency says asset managers will also need to offer investors greater transparency with regard to products, processes and communication, in order to fully restore investors’ commitment to actively-managed products.

Fitch EMEA fund and asset manager rating group head Aymeric Poizot says: “Asset managers continue to battle with more volatile capital markets, more demanding and cautious investors, increasing competitive pressures fuelled by the globalisation of the industry and the advent of substitution products.”

Poizot says the capacity to offer tailor-made as well as off-the-shelf products adapted to investors’ needs such as moderate absolute return funds, life-cycle, risk-defined or income generating products are key.

Also, he says managers may also need to involve investors more in investment decision-making or risk management, to forge a closer relationship with them. Poizot says managers may also require more flexible cost structures, which could be achieved via outsourcing, and lower break-even points.



Jon King appointed MD of More 2 Life

Former Ship chairman Jon King has been appointed as managing director of Key Retirement Solutions’ lending arm, More 2 Life. King has worked in the financial services industry for twenty-five years. Prior to chairing Ship, King was managing director of Hodge Lifetime and was a member of the FSA’s equity release forum. Key Retirement Solutions […]

Standard Life raises Sipp charges by 4%

Standard Life is increasing its self-invested personal pension charges for all existing customers by 4 per cent and introducing a £750 charge for new Sipp customers who transfer out within 12 months. The rise takes effect from January 1, 2011 and Standard will introduce a drawdown annual review charge of £100. which relates to a […]

HSBC adds hedged share classes to absolute return funds

HSBC Global Asset Management has launched hedged sterling share classes for its HSBC GIF European equity alpha and HSBC GIF global emerging markets equity alpha funds. The group launched both Ucits III absolute return funds in April this year. With the new share class, UK investors can avoid the associated currency risks.

Using a market neutral […]

Home alone

The number of new houses started in 2008/09 is down by 42 per cent on the previous year, which is leading to concerns about a lack of supply of rental property coming into the market. At the same time, demand for private rented property has been increasing steadily due to demographic changes and constraints facing […]

Investment clock economic update

In the latest Investment Clock economic update, Ian Kernohan, Senior Economist at Royal London Asset Management, discusses the implications of the US Federal Reserve’s recent hike in interest rates and upcoming French presidential election. The value of investments and the income from them is not guaranteed and may go down as well as up and […]


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