Trade associations across Europe have welcomed proposals by the European Securities Markets Authority (ESMA) to increase investor protection and transparency on UCITS, but concerns remain over consistency of approach in relation to non-UCITS funds.
The regulatory body for the European Union has proposed stricter disclosure requirements on providers of exchange traded funds (ETFs), but has backed away from imposing more radical reforms on the sector.
Fund launches reached a decade low last year as groups held back new products in the face of market volatility.
BlackRock/iShares has been vocal in its recommendations for the ETP market over the past few weeks. First it called for greater transparency and consistent regulation across the global ETF market, then it turned its focus to the European market, launching...
Under a barrage of regulatory and media scrutiny, the benefits offered by ETFs seem to have been forgotten. Clare Dickinson tries to separate facts from fiction and look at how ETFs compare to other investments
The IMA has questioned the scope of European Securities & Markets Authority (ESMA) proposed measures on Level 2 of the Alternative Investment Fund Management Directive (AIFMD) warning requirements will create a fortress around Europe.
Despite regulatory focus on ETFs this year, in the open hearing held by Esma yesterday, there was agreement that changes to Ucits should not single out ETFs.
Despite hype around ETFs following losses at UBS the value proposition they offer has not changed, said an ETF provider at the Journal of Indexes Europe meeting yesterday.
The Investment Management Association (IMA) believes that recent proposals by ESMA to apply greater regulation to Ucits ETFs and structured Ucits products are both unwarranted and inconsistent.