The AQR Diversified Arbitrage Funds, I Shares (ADAIX) is a top performer among Lipper Alternative Event Driven Funds using Lipper Leader metrics for the month ended October 31, 2022. The way the fund has managed such consistent returns through even turbulent markets includes the utilization of economic research, flexibility, and stringent risk management, according to lead portfolio manager Todd Pulvino, principal and co-founder of AQR’s arbitrage research affiliate AQR Arbitraged. We spoke with Pulvino to discern how ADAIX’s managers construct its portfolio and their views on arbitrage and investing in the Alternative Event Driven Funds classification. Lipper Leaders Ratings and

The Columbia Seligman Technology & Info Fund, A Shares (SLMCX) is one of the best Lipper Science & Technology Funds using Lipper Leader metrics for the month ended May 30, 2022. The way the fund is able to achieve such consistent returns through even turbulent markets includes having an experienced team and having as big-picture outlook so as to allow for the flexibility to pick securities opportunistically, according to lead portfolio manager Paul Wick. We spoke with Wick to find out how his team manages its portfolio and its outlook on the science and technology sectors. Lipper Leader Ratings and

Rumor has it that Deutsche Bank may want to offload its asset management unit DWS in case of a possible takeover of its local rival Commerzbank. The thinking is that Deutsche Bank may need the cash from selling its asset management arm to finance the Commerzbank deal. The rumors have led large European asset managers including Allianz Global Investors, Amundi and UBS to announce their interest in DWS. Since we witnessed a lot activity with regard to mergers and acquisitions (M&A) in the European asset management industry over the past few years, the interest in DWS may not come as

The negative trend with regard to fund flows in Europe continued in January, even as the securities markets showed a rebound. As a consequence, January was the ninth month in a row long-term mutual funds posted net outflows after 16 consecutive months of net inflows. It was surprising that bond funds (+€12.7 bn) were the best-selling asset type in the segment of long-term mutual funds, followed by real estate funds (+€1.0 bn). All other asset types faced outflows: alternative UCITS funds (-€7.7 bn), equity funds (-€7.4 bn), mixed-asset funds (-€3.5 bn), commodity funds (-€1.1 bn), and “other” funds (-€1.0 bn).

The promoters of ETFs in Europe enjoyed net inflows for January. These inflows led, in combination with a positive performance of the underlying markets, to increased assets under management in the European ETF industry. In more detail, the assets under management in the European ETF industry increased from €633.1 bn as of December 31, 2018, to €675.1 bn at the end of January. The increase of €42.0 bn for January was driven by the performance of the underlying markets (+€34.1 bn), while net sales contributed inflows of €7.9 bn to assets under management in the European ETF segment. With regard

The year 2018 was a tough year for the European fund industry. Despite headwinds from the markets and outflows from their actively managed peers, the promoters of ETFs in Europe enjoyed net inflows in every single month of the year 2018. These inflows, however, were not able to offset the negative impact from the underlying markets. As a result, the assets under management in the European ETF industry decreased from €656.8 bn as of December 31, 2017, to €633.1 bn at the end of December 2018. As mentioned above, the decrease of €23.7 bn for 2018 was driven by the

The European fund industry faced estimated net outflows of €129.2 bn in 2018 after six consecutive years with net inflows. The flows were mainly driven by the discussions about a possible trade war between the USA and China, as well as a possible return of the Euro crisis caused by developments in Italy and France, and an environment of rising interest rates in the USA. With regard to this, it was not surprising that 2018 wasn’t another record year for the European fund industry. That said, even as the general environment was negative, some fund promoter could still enjoyed significant

After unexpectedly high outflows in October and November, European investors pulled further away from long-term mutual funds in December as the market environment and general sentiment remained negative. As a consequence, December was the eighth month in a row posting net outflows from long-term mutual funds after 16 consecutive months showing net inflows. Real estate funds (+€0.5 bn) was the only asset type in the segment of long-term mutual funds with net inflows for December, while all the other asset types witnessed net outflows: bond funds (-€25.9 bn), equity funds (-€18.7 bn), alternative UCITS funds (-€12.2 bn), mixed-asset funds (-€8.7

The year 2018 was an outstanding year for exchange-traded funds even though it was a tough year for the European fund industry overall. The return of volatility caused by uncertainties coming from a possible trade war between the USA and China, the ongoing Brexit discussions, and a possible return of the euro crisis after the forming of a government in Italy led European investors to reduce the risk in their portfolios. The corresponding transactions led to overall outflows of -129.2 billion euro from mutual funds registered for sale in Europe over the course of 2018. In contrast to their actively

The promoters of ETFs in Europe enjoyed net inflows for December. Nevertheless, the assets under management in the European ETF industry decreased as the inflows were not able to offset the negative performance of the underlying markets. In more detail, the assets under management in the European ETF industry decreased from €666.1 bn as of November 30, 2018, to €633.1 bn at the end of December. The decrease of €33.0 bn for December was driven by the performance of the underlying markets (-€35.3 bn), while net sales contributed inflows of €2.3 bn to assets under management in the European ETF

A view on the overall fund flows in mutual funds for the year 2018 in Europe revealed it was rather a tough year for the fund industry. A more detailed view shows there were different trends driving fund flows. The year started with net inflows in all product categories over the course of the first quarter, followed by rather sluggish inflows in mutual funds over the summer and large outflows from these products in the fourth quarter. Conversely, ETFs enjoyed another good year with inflows in every single month of 2018. Even as some market observers saw a slowdown in

The year 2018 was a bumpy ride for the global securities markets as investors faced fears about a global trade war, geopolitical uncertainties and corporate scandals, as well as increasing interest rates. The resulting sluggish performance of the securities markets is also reflected in the average returns of long-term mutual funds registered for sale in Europe (-5.68%) for the year 2018. That said, a view on the average results does hide that some funds were able to generate solid positive results, even as the respective classification average might be negative. Real estate funds (+1.54%) had on average the best performance