Opinion on Mutual Funds in Europe

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Type Product title / description Pub Price
CommentWire
CommentWire

Aberdeen Asset Management: future gains may eclipse current pain

Virtually all of Aberdeen Asset Management's GBP88 million pre-tax loss for 2004 can be attributed to costs associated with a settlement agreed with the UK Financial Services Authority. The company is now able to draw a line under its problems and focus on building on positive underlying trends. Among investors however, the impact of split capital investment trusts mis-selling can still be seen.

Published By Datamonitor
07 Jan 2005
CommentWire
CommentWire

ABN Amro/State Street: it's all about focus

ABN AMRO Asset Management [ABN] has agreed to outsource its investment operations services in Europe to State Street [STT]. The deal represents another big win for State Street, and is a further example of the importance of specialist focus in a competitive environment. State Street and ABN AMRO Asset Management's deal leaves both players able to concentrate on what they do best.

Published By Datamonitor
17 May 2004
CommentWire
CommentWire

BNP Paribas: when a plan comes together

BNP Paribas [BNP.PA] has released Q1 results showing profits are up by 56% against Q1 2004. The announcement highlights a very strong 12 month period for the group, with strong growth across its business. The results should be enough to make its rivals sit up and take notice as the French bank's global vision takes shape.

Published By Datamonitor
12 May 2005
CommentWire
CommentWire

Caledonia: good things come in threes

With stock markets floundering under the weight of political and economic uncertainty, the search for high yield investments has put the focus onto private equity investments. As private equity ventures gradually become less exclusive, Caledonia's [CLDN.L] decision to get into this investment area seems a highly sensible one.

Published By Datamonitor
27 Oct 2004
CommentWire
CommentWire

Cazenove: not courting bidders

Cazenove has this week moved to dispel takeover rumors, and reiterated its intent to work towards flotation. However, the company would present the large investment banks with an opportunity to access a new and prestigious client base. Any acquisition of Cazenove would likely be a complicated affair, but ultimately very rewarding for the purchaser.

Published By Datamonitor
26 May 2004
CommentWire
CommentWire

Credit Agricole/Gruppo Intesa: pooling their assets

The creation of a new Franco-Italian asset management powerhouse led by Credit Agricole (CA) is likely to have a significant impact on the sector in Europe, as it becomes the continent's fourth largest asset manager. While the likes of UBS will need to take heed of the arrival of a further competitor, CA itself must look to build on the strong distribution deal it gains with Gruppo Intesa.

Published By Datamonitor
02 Jun 2005
CommentWire
CommentWire

Credit Suisse: integration, not originality, is path to recovery

In its second quarter 2006 results, Credit Suisse said group profits more than doubled compared to the prior-year period. Yet while investors were understandably disappointed by a decline in trading revenues, they should wait to see whether the company's long term transition to a leaner, fitter bank can give it the impetus to catch rivals such as UBS.

Published By Datamonitor
04 Aug 2006
Expert View
Expert View

Distribution bonds set to become the solution for cautious investors

The market for a replacement to with-profits bonds is beginning to take shape. With-profits bonds were traditionally the cornerstone of the UK life-based savings market, but between 2000 and 2004 the market crumbled, with new business levels falling by 90%. The report predicts distribution bonds are currently best placed to benefit from this collapse.

Published By Datamonitor
28 Jul 2005
Expert View
Expert View

EFG International: 2012 set to be a critical year

EFG International is undergoing a significant restructure following a review of the business at the behest of its recently appointed CEO. The Swiss bank has struggled in recent years due to troubled forays into non-private banking activities, as well as poor cost management. The restructure of the group has seen it close offices and divest operations, and more announcements are likely to follow.

Published By Datamonitor
05 Jan 2012
CommentWire
CommentWire

European asset management: BPO opportunities for service providers

Traditional providers such as State Street, HSBC and Citigroup are demonstrating a keen interest in taking over entire back-office operations of asset managers. While BPO threatens to erode the addressable market for back-office application vendors, it is simultaneously creating a new one in the form of service providers who are in need of scalable migration platforms to take on clients.

Published By Datamonitor
09 Sep 2004

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