At the occasion of EFAMA's Annual General Meeting (AGM) members exchanged views about the investment trends and evolving regulatory landscape.
The AGM also marked the end of a first year under the mandate of EFAMA President William Nott.
During this period, the European asset management industry has continued to grow, with 2017 being a record year, and European investment funds assets rising to EUR 15 trillion.
William Nott, President of EFAMA, commented: “This is a great achievement for our industry. I am certain that, despite challenges brought about by financial markets volatility, UCITS and AIFs will remain leading savings vehicles as they provide the risk diversification, potential for return and investor protection - which investors need to save for their future, whether to educate their children or to save for their own retirement.
One of the key strengths of our industry is the speed with which we anticipate and respond to challenges and opportunities. And that is a good thing, because the European market provides major opportunities for all asset managers across Europe.”
William Nott mentioned the progress of discussions on a pan-European personal pension product and the launch of a European Strategy on Sustainable Finance by the European Commission as major milestones of the past year. He also pointed to regulatory files such as the Capital Markets Union project, the ESA Review proposal and PRIIPS as key priorities for the Association.
Press release
© EFAMA - European Fund and Asset Management Association
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