Recherche
S'abonner
Connexion
Asset Management
Accueil Asset Management Actualités
13/09/2012
Fonds

BBVA AM délègue la gestion d'un fonds à Bancomer

BBVA Asset Management vient d’enregistrer en Espagne le fonds obligataire BBVA Bonos Internacional Flexible qui sera géré par BBVA Bancomer Gestión. C’est la première fois que le gestionnaire espagnol délègue la gestion d’un fonds à sa filiale mexicaine, souligne Funds People.Le portefeuille sera investi en titres vifs ou en parts d’OPCVM eux-mêmes investis à 80 % en dette mondiale et à 20 % en obligations latino-américaines, cette poche étant gérée plus spécifiquement par Bancomer Gestión (28,7 milliards d’euros d’encours, 73 fonds), notamment avec le fonds Renta Fija Latam qui est déjà enregistré au Luxembourg.Le nouveau produit affiche une commission de gestion directe de 1 % et une commission de 15 % par rapport à l’indice de référence. La souscription minimale est fixée à 600 euros. Les commissions indirectes sont de 2 % pour la gestion et de 17 % pour la surperformance.
Fonds
13/09/2012
Fonds

Bankinter propose un fonds garanti rémunéré à plus de 4 %

Le 7 septembre, la CNMV a enregistré le nouveau fonds obligataire garanti de Bankinter, le Bankinter Renta Fija Ambar Garantizado, qui promet à échéance (23 mai 2016) le remboursement de 115,45 % de la valeur liquidative du 9 octobre 2012. Cela correspond à une rémunération annuelle effective de 4,05 % par an sur moins de quatre ans. Le portefeuille se compose principalement de dette publique espagnole acquise voici quelques semaines.CaractéristiquesDénomination : Bankinter Renta Fija Ambar GarantizadoCode Isin : ES0130356001Droit d’entrée : 5 % à partir du 9 octobre ou d’un encours de 30 millions d’eurosCommission de gestion : 0,3 % jusqu’au 9 octobre0,9 % après le 9 octobrePénalité de remboursement anticipé : 3 %
Fonds
13/09/2012

Thierry Callault réapparait chez Twenty First Capital

Thierry Callault si l’on se réfère aux indications apportées sur le réseau social professionnel Linked-in, occupe désormais la fonction de président du conseil de surveillance de la société Twenty First Capital présidé par Stanislas Bernard, head of Alternative Investments et directeur chez Rothschild & Cie Gestion.La société de gestion qui a été agrée par l’Autorité des marchés financiers à la fin août 2011 commercialise actuellement trois OPCVM : JLC Convictions Refuge, Twenty First Patrimoine, deux fonds diversifiés et Rendement Court Terme, un fonds obligataire en euro. Thierry Callault a quitté son poste de directeur général d’OFI AM au printemps dernier après avoir passé neuf ans dans la société de gestion.
13/09/2012
Fonds

Nouvelle progression des performances des hedge funds en août

Troisième mois consécutif de hausse en août pour les hedge funds qui ont notamment été soutenus par les stratégies de couverture sur actions et les stratégies événementielles. L’indice HFRI des hedge funds a progressé de 0,8% en juillet, affichant ainsi un gain de 3,5% depuis le début de l’année.Les stratégies de couverture sur actions ont gagné 1,2%, l’event driven 1,1% et les stratégies de relative value 0,9%. En revanche, les stratégies macro ont reculé de 0,16% dans l’ensemble, avec une baisse de 0,9% pour l’indice diversified/CTA mais un gain de 1% pour les stratégies macro discrétionnaires. L’indice des fonds de fonds resté bien orienté en août avec une progression de 0,64%.
Fonds
13/09/2012

Precision Capital fixe le cap pour KBL epb

Après la finalisation cet été de l’acquisition de KBL epb, le réseau de banquiers privés, par Precision Capital, l’entité luxembourgeoise représentant les intérêts d’un investisseur de l’Etat du Qatar, le nouvel actionnaire a annoncé dans un communiqué qu’il soutiendra «dans sa mise en oeuvre d’une large campagne de recrutement qui permettra de renforcer le haut niveau d’excellence du service à la clientèle."En outre, Precision Capital estime pouvoir assurer la croissance de KBL epb sur le plan organique, mais se dit également prêt à saisir des opportunités stratégiques de croissance externe en Europe. Les liens de Precision Capital avec le Moyen-Orient doivent notamment accélèrer l’expansion de KBL epb dans cette nouvelle région. Enfin, Vitis Life, la filiale assurance vie, devrait également profiter d’opportunités, tant sur les marchés où la compagnie est déjà active que sur ceux qu’elle envisage d’explorer et de développer, tels le Moyen-Orient et l’Asie.
13/09/2012

Sparinvest et Haitong International lient leur développement commercial.

Les sociétés de gestion Sparinvest et Hai Tong Asset Management (HK) ont signé un protocole d’accord afin d'élaborer une offre conjointe de produits en Europe, à Hong Kong, Macau et en Chine continentale. Cet accord est à durée indéterminée, et n’appelle pas à un échange capitalistique entre les deux entreprises. Les deux entreprises continueront de se concentrer sur le cœur de leurs activités, la gestion d’actifs, mais en dédiant leurs capacités de recherche à l’exploration des meilleures voies possibles pour apporter une offre conjointe en Europe, à Hong Kong, Macau et en Chine continentale, précise un communiqué.Haitong International est cotée sur le Hong Kong Stock Exchange depuis août 1996. Le groupe est reconnu pour fournir des services de corporate finance, d’asset management et de brokerage de qualité à une clientèle internationale et locale composée d’institutionnels, d’entreprises et d’investisseurs individuels.Fin juin 2012, Sparinvest gérait 9 milliards d’euros d’actifs pour le compte d’investisseurs privés et institutionnels.
13/09/2012

Janus recrute une responsable marketing international

Janus Capital International vient de recruter Karen Bennett en tant que responsable marketing et communication pour l’Europe, le Moyen-Orient et l’Asie-Pacifique. Elle vient d’Aegon Asset Management, où elle était responsable de la communication d’entreprise dans le monde. Karen Bennett, dont la nomination prend effet immédiatement, sera basée à Londres. Elle est subordonnée à Nigel Austin, COO Europe, Moyen-Orient et Afrique, et Gigi Chan, COO Asie-Pacifique.
13/09/2012

Résultats en léger recul pour le britannique Ashmore

La société de gestion britannique Ashmore, spécialiste des marchés émergents, a fait état pour l’exercice annuel au 30 juin d’un bénéfice imposable de 243,2 millions de livres, en légère baisse par rapport aux 245,9 millions enregistrés pour l’exercice précédent.Les commissions de gestion ont progressé de 21% à 302,6 millions de livres mais les commissions liées à la performance ont chuté de 85,4 millions de livres à 25,4 millions de livres. Les actifs sous gestion ont diminué de 3% durant l’exercice sous revue, revenant de 65,8 milliards de livres à 63,7 milliards de livres.
13/09/2012

Hugh Mullan prend la direction par intérim de FundsNetwork

Fidelity Worldwide Investment a annoncé le remplacement de David White, démissionnaire, par Hugh Mullan comme directeur général de FundsNetwork, rapporte Money Marketing. Hugh Mullan assume cette fonction parallèlement à celle de directeur des activités de Fidelity pour les contributions définies et pour le retail au Royaume-Uni.Pour sa part, Paul Richards, head of sales de FundsNetwork, devient deputy head de FundsNetwork en plus de ses fonctions actuelles.Hugh Mullan et Paul Richards exerceront leurs nouvelles fonctions jusqu'à la nomination du successeur «permanent» de David White.
13/09/2012
Fonds

Trois ETF sur les obligations italiennes cotés à Francfort

db x-trackers (Deutsche Bank) a fait admettre le 12 septembre trois nouveaux ETF de droit luxembourgeois à la cote du segment XTF de la plate-forme électronique Xetra (Deutsche Börse). Il s’agit dans les trois cas de produit répliquant des indices MTS sur les obligations italiennes libellées en euros.Avec ces trois adjonctions, le nombre d’ETF cotés à Francfort remonte à 1003 unités, alors qu’il avait atteint 1.004 unités le 22 août.CaractéristiquesDénomination : db x-trackers II MTS Ex-Bank of Italy BTP ETFCode Isin : LU0613540185Indice de référence : MTS Italy BTP - Ex-Bank of Italy IndexTFE : 0,20 %Dénomination : db x-trackers II MTS Ex-Bank of Italy BOT ETFCode Isin : LU0613540268Indice de référence : MTS Italy BOT – Ex-Bank of Italy IndexTFE : 0,15 %Dénomination : db x-trackers II MTS Ex-Bank of Italy Aggregate ETFCode Isin : LU0613540698Indice de référence : MTS Italy Aggregate - Ex-Bank of Italy IndexTFE : 0,20 %
Fonds
13/09/2012
Fonds

Metzler abaisse ses commissions sur un fonds monétaire

A compter du 1er octobre, les commissions du fonds monétaire Metzler Geldmarkt (226 millions d’euros) seront diminuées, rapporte la Börsen-Zeitung. La commission de banque dépositaire est ramenée à 0,025 % contre 0,05 % et la commission de gestion à 0,05 % contre 0,10 %.
Fonds
13/09/2012

ECB to play a key role in supervision of euro zone banks

The European Commission on 12 September laid out its proposals to create a a single supervisory mechanism (SSM) for banks in the euro area. As a part of the new single mechanism, the European Central Bank will be ultimately responsible for specific surveillance activities concerning financial stability of all euro zone banks. The national supervisory authorities will continue to play an important role in ongoing surveillance of banks, as well as developing and applying ECB decisions. The Commission has also proposed that the European banking authority (EBA) should create a Single Supervisory Handbook to preserve the integrity of the single market and to ensure coherent bank surveillance in the 27 EU countries. The Commission calls on the Council and European Parliament to adopt the proposed regulations by the end of 2012, together with the other three components of an integrated «banking union» – the single rulebook in the form of capital requirements, harmonized deposit protection schemes, and a single European recovery and resolution framework.
13/09/2012

EFAMA defends UCITS brand

The European asset management association (EFAMA) claims that a consultation launched in July this year on the proposed UCITS VI directive, which will treat eligibility of asset classes for UCITS fund status, may endanger the UCITS brand, Citywire reports.“We are very closely studying the question of eligibility of our assets. We estimate that UCITS funds are attractive insofar as funds which carry the UCITS label follow the same rules, and this characteristic should me maintained,” the president of EFAMA, Claude Kremer, said at a press conference in London.Comments by the professional association, which claims that the consultation may result in a reduction or increase in UCITS-branded funds, also responds to concerns on the part of some foreign investors, such as the Hong Kong asset managers’ association, which had expressed a desire to see UCITS funds become more transparent and less complex.
13/09/2012

Bond funds post record inflows in July

Bond funds enjoyed inflows of EUR21.7bn in July, the largest one month total in more than ten years, according to Lipper. This takes net sales for the asset class in 2012 over the EUR100bn mark (EUR107bn).Underpinning the broad move into bonds was renewed appetite for high yield and emerging market funds. The former saw record-breaking inflows of EUR7.1bn, while inflows for the latter reached EUR3.5bn (of which local currency funds accounted for EUR1.1bn). The emerging market theme was also reflected on the equity side, with global emerging markets easily the most popular equity sector (EUR550m) this month.While equity funds suffered redemptions for the fourth consecutive month, this total did improve in July, albeit to -EUR4.2bn. As a result long-term fund sales (ie excluding money market funds) reached a 4-month high of EUR14.9bn in Europe. Significant volumes moving out of money market funds (-EUR12.5bn) again looked to have helped long-term funds and suggest the most concerted move out of this asset class since the first half of 2010.The best-selling groups this month were PIMCO (EUR3.2bn), AXA (EUR2bn), BlackRock (EUR1.2bn), Pictet (EUR960m) and Carmignac (EUR910m).
13/09/2012

GSAM launches range of funds replicating GIVI indices

S&P Dow Jones Indices on 12 September announced the launch of a new family of equity indices within the S&P GIVI range. The new product is the S&P GIVI Global Growth Markets tilt Index, which combines growth and value characteristics with a macro-economic factor. It is composed of the base S&P GIVI index and S&P GIVI Weighted indices, which provide lower volatility.Goldman Sachs Asset Management (GSAM), for its part, has launched a range of UCITS-compliant funds based on the GIVI concept, which replicates the performance of the various GIVI sub-indices.The three products registered for sale in Germany are:- Goldman Sachs GIVI Growth & Emerging Markets Equity Portfolio- Goldman Sachs GIVI Europe Equity Portfolio- Goldman Sachs GIVI Global Equity – Growth Markets Tilt Portfolio
13/09/2012

Three Italian bond ETFs listed in Frankfurt

db x-trackers (Deutsche Bank) on 12 September listed three new Luxembourg-registered ETFs on the XTF segment of the Xetra electronic platform (Deutsche Börse). All three are products which replicate MTS indices of Italian bonds denominated in euros.With these three additions, the number of ETFs listed in Frankfurt now comes to 1,003, down from 1,004 on 22 August.CharacteristicsName: db x-trackers II MTS Ex-Bank of Italy BTP ETFISIN code: LU0613540185Benchmark index: MTS Italy BTP - Ex-Bank of Italy IndexTER: 0.20%Name: db x-trackers II MTS Ex-Bank of Italy BOT ETFISIN code: LU0613540268Benchmark index: MTS Italy BOT – Ex-Bank of Italy IndexTER: 0.15%Name: db x-trackers II MTS Ex-Bank of Italy Aggregate ETFISIN code: LU0613540698Benchmark index: MTS Italy Aggregate - Ex-Bank of Italy IndexTER: 0.20%
13/09/2012

Mirabaud replaces its CIO

Pierre Pinel, head of institutional management at Paribas Asset Management in Switzerland, was on 1 September appointed as chief investment officer for balaned mandates and asset allocation funds at Mirabaud’s asset management division. He will also hold the positition of head strategist for private management.Pinel replaces Edouard Crespin-Billet, who is going independent in Geneva.
13/09/2012

Skandia joins Old Mutual Wealth

Skandia’s activities in the Old Mutual group will be merged into a new entity known as Old Mutual Wealth, according to a statement from Skandia published on 12 September.Skandia UK, Skandia International and Skandia’s activities in Europe, excepting Scandinavian countries, will addopt the Old Mutual Wealth brand name in 24 months, which will prevent any confusion with Skandia Liv, which has acquired the Scandinavian activities of Old Mutual which formed a part of Skandia.The new entity Old Mutual Wealth (formerly Old Mutual Wealth Management) will be managed by Paul Feeney as CEO, with the assistance of two heads, Peter Mann for the Britih market, and Steven Levin for international markets.The current legal strucrure Skandia Link, based in Spain, will be merged with the new Luxembourg entity Skandia Lifa SA on 1 October 2012. As a result, Skandia France which is an arm of hte Spanish entity, becomes an arm of the Luxembourg entity. The organisation and the current functioning of Skandia in France will remain unchanged.
13/09/2012

Prudential Real Estate Investors recruits a co-manager

Prudential Real Estate Investors has recruited Michael Gallagher as co-manager of real estate investment strategies in the United Kingdom and Europe. He will be based in London. Before joining PREI, Gllagher was assistant fund manager at Aviva Investors.
13/09/2012

Old Mutual Asset Managers (UK) recruits head of credit research

Old Mutual Asset Managers (UK) has recruited Tim Barker to the newly-created position of head of credit research in its fixed income and macro team, Fundweb reports. Barker had previously been head of European credit research at Société Générale.
13/09/2012

Slight decline in profits for UK's Ashmore

The British asset management firm Ashmore, a specialist in emerging markets, has reported pre-tax profits for the fiacal year to 30 June of GBP243.2m, a slight decline compared with the GBP245.9m posted for the previous fiscal year. Management commissions were up 21%, o GBP302.6m, but performance commissions fell from GBP85.4 tp GBP25.4m. Assets under management were down 3% in the period under review, from GBP65.8bn to GBP63.7bn.
13/09/2012

Janus hires a head of international marketing

Janus Capital International Limited has announced the appointment of Karen Bennett as head of marketing and communications for its non-US business. Her responsibilities cover Janus Capital’s European, Middle Eastern and Asia Pacific businesses.Effective immediately, Karen Bennett is based out of Janus Capital’s London office and reports to Nigel Austin, the firm’s Chief Operating Officer, EMEA and Gigi Chan, Chief Operating Officer, Asia Pacific.Karen Bennett joins Janus from Aegon Asset Management where she was head of corporate communications globally. Prior to that, she had led the marketing and communications functions for ING Asia/Pacific.
13/09/2012

Hugh Mullan becomes interim head of FundsNetwork

Fidelity Worldwide has announced that David White, who is resigning, has been replaced by Hugh Mullan as CEO of FundsNetwork, Money Marketing reports. Mullan will serve in this position alongside his position as director of Fidelity’s defined contribution and UK retail activities.Paul Richards, head of sales at FundsNetwork, becomes deputy head of FundsNetwork, in addition to his current position.Mullan and Richards will serve in these roles until a permanent successor to White is appointed.
13/09/2012

Precision Capital acquires KBL epb

Following the finalisation of its acquisition of KBL epb, the private banking network from Precision Capital, a Luxembourg-based entity representing the interests of an investor in Qatar, the new shareholder has announced in a statement that it will support the firm “in the deployment of a large recruitment campaign, which will strengthen the high level of customer service.” In addition, Precision Capital states that it can ensure the organic growth of KBL epb, but that it is also prepared to seize strategic external growth opportunities in Europe. Ties between Precision Capital and the Middle East will accelerate the expansion of KBL epb in this new region. Lastly, Vitis Life, the life insurance affiliate, will also benefit from these opportunities, both on markets where the company is already active, and on markets where it is planning to explore and develop, such as the Middle East and Asia.
13/09/2012

Sparinvest and Haitong International cooperate for commercial development

The asset management firms Sparinvest and Hai Tong Asset Managment (HK) have signed an agreement to develop a joint product range in Europe, Hong Kong, Macau and continental China. The agreement is for an indefinite duration, and does not entail an exchange of capital between the two firms.The two businesses will continue to concentrate on their core activities in asset management, but will dedicate their research capacities to the search for and exploitation of better means to provide a joint product range in Europe, Hong Kong, Macau and continental China, a statement says.Haitong International has been listed on the Hong Kong Stock Exchange since 1996. The group is known for providing quality corporate finance, asset management and brokerage services to international and local clients composed of institutionals, businesses and retail investors.As of the end of June 2012, Sparinvest had EUR9bn in assets under management for private and institutional investors.
13/09/2012

Private equity: Investors increase engagements in Latin America

Three quarters of private equity investors with an exposure to Latin American private equity claim that the region’s potential in terms of economic growth and dealflow are attractive, compared with emerging private equity markets, according to the first annual survey by Coller Capital/LAVCA of the evolution of private equity in Latin America (“Latin American Private Equity Survey.”) The survey fins that 3% of private equity investors are planning to increase their engagements in the next twelve months, while 49% say they will maintain their engagements at current levels. Three quarters of private equity investors in Latin America (local or international) predict annual profits on their investments of 16%, both for Latin America ex Brazil and Brazilian funds.
13/09/2012

Stoxx creates new indices in Maximum Dividend range

The Swiss asset management firm Stoxx Limited on 12 September announced the launch of Stoxx Global Maximum Dividend 40, STOXX Asia?Pacific Maximum Dividend 40, STOXX North America Maximum Dividend 40 and STOXX Japan Maximum Dividend 40 indices in its Maximum Dividend Strategy range. The indices may be used as a basis for actively-managed funds, ETFs, or other investable products. The new indices replicate a hypothetical portfolio which aims to optimise dividend yields from the STOXX Global 1800, STOXX AsiaPacific 600, STOXX North America 600 and STOXX Japan 600 indices, by selecting 40 businesses from these indices which have paid the highest dividends historically. To be eligible, shares must belong to Maximum Dividend indices, pay a dividend in the upcoming quarter, have a listed free-float of at least EUR1bn, and an average trading volume of at least EUR4m per day in the three months preceding selection.The composition of the index will be updated on a quarterly basis, following the last trading days in January, April, July and October.
13/09/2012

Significant redemptions from hedge funds in July

The hedge fund industry redeemed USD7.4 billion (0.4% of assets) in July, building on outflows of USD4.2 billion in June, according to BarclayHedge and TrimTabs. Based on data from 3,119 funds, the TrimTabs/BarclayHedge Hedge Fund Flow Report estimated that industry assets were USD1.87 trillion in July, down 23.2% from their June 2008 peak of USD2.4 trillion.The industry experienced outflows in seven of the 12 months from August 2011 to July 2012, losing a net USD29.3 billion. From August 2010 to July 2011, the industry gained USD96.2 billion with inflows in 10 out of 12 months.
13/09/2012

Further increase in hedge fund returns in August

August has been a third consecutive month of gains for hedge funds, which were supported by equity hedging and event-driven strategies. The HFRI hedge fund index gained 0.8% in July, and has gained a further 3.5% since the beginning of this year. Equity hedging strategies gained 1.2%, while event-driven gained 1.1%, and relative value strategies, 0.9%. However, macro strategies lost 0.16% overall, with declines of 0.9% for the diversified/CTA index, but a gain of 1% for discretionary macro strategies. The fund of fund index also maintained its positive orientation in August, with gains of 0.64%.
13/09/2012

Allianz and Union attract strong subscriptions

In the first seven months of the year, German open-ended security funds have posted net inflows of EUR5.58bn. However, several asset management firms have seen net redemptions, including the Deka group (EUR3.14bn) and Deutsche Bank (EUR4.52bn). However, Allianz (with Pimco) has managed to attract EUR13.08bn, and Union Investment has posted net inflows of EUR2.11bn, the German BVI association of asset management firms reports.ETF promoters are not doing well either, with the exception of ETFlab (Deka), which has attracted EUR325m in seven months. BlackRock, with its iShares ETFs, has seen net outflows of EUR927m, while net redemptions totalled EUR797m for ComStage (Commerzbank). db x-trackers (Deutsche Bank) has posted redemptions of EUR1.73bn.

Sujets d'actualité

Tous les sujets