Net assets hit a fresh peak but even this minor victory was tempered

Net assets hit a fresh peak but even this minor victory was tempered
Post covid ‘the importance of this organisation’s work on behalf of industry could not be more pressing’, says new chief executive
Six organisations band together in letter to the European Commission director general
But emphasises the need to consider covid-19 impact while not forgetting SDGs
As Société Générale warns credit fund inflows are turning south
Worldwide net cash flow to all funds hit €304bn in Q1 compared to €118bn in Q4 2018, according to Efama
Agreement signed between the FCA and Esma covers cooperation and exchanges of information in event of ‘worst case scenario’
Ucits funds recorded net outflows of €40bn in November compared to €8bn outflows in October, according to Efama.
New report suggests ever-increasing parts of funds business are adopting an automated approach to funds transfers
The association has appointed Tanguy van de Werve after Peter De Proft stepped down from the role after 11 years
Part of the Mark Allen Group.