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"UCITS a runaway success story, but must evolve" |
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"UCITS III and the globalisation of the fund industry have reshaped the dynamics of the fund business. As a result a new infrastructure is emerging with the capability to sustain rapid growth in years to come when UCITS IV is implemented. RBC Dexia and Create’s new report "Global Funds Distribution – Bridging New Frontiers" offers a comprehensive insight into the impact of UCITS III, the continued globalisation of the funds industry and the evolving relationship between manufacturer, distributor and third party administrators.
The UCITS framework has produced tremendous benefits for the fund industry, its managers and clients throughout the past decade. However, its resounding success has also spawned a number of pressing, new challenges, according to a new report. The report, titled “Global Fund Distribution – Bridging New Frontiers”, found that cross border funds have averaged an annual growth rate of 20% over the past five years. In the process, UCITS has reshaped the dynamics of the fund business. 82% of survey respondents have been able to engage in rapid product development and 77% have improved their ability to do cross-border business. In addition (and perhaps surprisingly, given that UCITS was primarily aimed at retail clients), there has been more take up of UCITS funds among the institutional sector (51%). To download a copy of the ‘Global Fund Distribution – Bridging New Frontiers’ go to www.rbcdexia.com/newsurvey |
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TARGET2-Securities: Cleared for take off? |
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 Gertrude Tumpel-Gugerell, ECB The ECB Governing Council took a decision on 17 July to launch the T2S project and to extend the resources required until its completion. Bob Currie reports on the advance of this major Eurosystem initiative. |
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Nikko Asset Management: Rediscovering Japan? |
 Charles Beazley, Nikko AM Bob Currie talks to Charles Beazley, President of Nikko Asset Management Europe, about the progress of Japan’s economic revival and openings for the global investor in the world’s second-largest economy. |
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The fortunes of The Clearing Corporation (C-Corp) have been rocky since it parted company with Chicago Board of Trade (CBOT) at the beginning of 2004. Mike Topping takes a look at the institution hoping to stage an almighty comeback. |
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Wrap platforms: The UK slowly gets the Wrap message |
 Lisa Langley, IMMI The use of wraps is increasing among IFAs in the UK, but still has a long way to go catch up with more developed wrap markets, such as Australia, the USA and Canada. Matthew Craig reports. |
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