Managed Investments

Highlights

• 16 May 2012
  • Systemically important designation still unclear for asset managers and money funds
    The Financial Stability Oversight Council has issued a final rule and interpretive guidance outlining the process for designating systemically important non-bank financial institutions. These lay out the procedure and factors it will consider in making SIFI designations, though quantitative thresholds are expected to evolve further and effectively are non-binding. Evaluations under the final rule are expected to begin immediately... Press Release l Full Report
• 14 May 2012
  • European withholding tax ruling is credit positive for fund managers
    The European Court of Justice has ruled that dividends paid by French companies to foreign investment funds are no longer subject to withholding tax. The decision is credit positive for non-French equity and balanced fund managers whose funds invest in French companies, as their funds will no longer have to pay tax on their dividends from French companies, boosting profitability… Full Report
• 7 May 2012
  • Fee wars credit negative for US ETF sponsors
    The largest sponsors of US exchange-rated funds are increasingly willing to reduce fees to attract a greater share of assets. In a market filled with “me too” products, price has become an increasingly important differentiator... Full Report