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The fourth annual Lipper Fund Selectors Forum was held at the Thomson Reuters Auditorium, Canary Wharf, on July 4, 2018.
Mutual fund research and selection, along with portfolio construction, are crucial components of the investment distribution value chain. Increased due-diligence and governance requirements imposed by regulators mean the fund selector and portfolio constructor have more influence on–and responsibilities to–investors than ever before.
Lipper was pleased to host again this flagship industry event showcasing the challenges faced by the fund selection and portfolio construction industry in 2018 and the benefits it brings to the financial services industry.
Once again, we were proud to partner with the Chartered Institute of Securities and Investment (CISI). We welcomed some 150 guests, consisting of private wealth advisors, financial planners, fund managers, gatekeepers, platform providers, investors, and journalists.
Presentation 1: fund flow-patterns in Europe
Lipper’s Head of EMEA Research, Detlef Glow, outlined current investor appetite by examining trends in pan-European fund flows. He revealed that the mutual fund market in general is in robust health, with a milestone of over €10 trillion in assets under management reached, following a record year of sales in 2017.
Key points included:
Panel 1: Fund selection and the due-diligence imperative
Jake Moeller presided over the first panel session with panellists Victoria Hasler from Square Mile Research, Tony Yousefian from FundCalibre, and Lucy Walker from Sarasin, who discussed fund selection criteria, client alignment, sell-decision rules, the importance of environmental-social-governance (ESG) criteria, and the changing nature of the fund manager relationship.
Key points:
Panel 2: portfolio construction and the macro environment
Jake Moeller moderated the second panel with Peter Fizgerald, CIO, Macro and Multi-Asset at Aviva Investors; David Coombs, Investment Manager at Rathbones; and Justin Onuekwusi, Multi-Asset Fund Manager at LGIM.
The panel discussed the evolution of portfolio construction from long-only funds of funds to today’s popular multi-asset and targeted-volatility funds. The panel also outlined portfolio positioning and discussed current headwinds and opportunities in the market.
Key points included:
Panel 3: Diversity in the funds industry
Jake Moeller moderated the final panel of the morning, which examined the issue of workplace diversity in the funds industry. He was joined by Bev Shah, founder and CEO of CityHive; Maike Currie, Investment Director at Fidelity; and Natalie Kenway, Deputy Editor at Investment Week. The panel outlined the importance and benefits of improving gender, sexuality, ethnicity, disability, and age diversity.
Key points included:
Audience engaged
Audience participation at the third annual Fund Selectors Forum was exceptionally high, with excellent questions and some particularly passionate points of view being raised throughout the event. At the start of the Forum audience members were encouraged to engage this event via social media, and #LFSF18 garnered considerable commentary.
The issues raised in this year’s Fund Selectors Forum are at the forefront of the industry and will continue to evolve in 2018. Lipper and the CISI have demonstrated the importance of facilitating such crucial debates.
We look forward to welcoming you again in 2019.
Lipper delivers data on more than 265,000 collective investments in 61 countries. Find out more.
Disclaimer:
This material is provided for as market commentary and for educational purposes only and does not constitute investment research or advice. Refinitiv cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. Please consult with a qualified professional for financial advice.