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across European markets Jonathan Boyd Editorial Director Open Door - - PowerPoint PPT Presentation
across European markets Jonathan Boyd Editorial Director Open Door - - PowerPoint PPT Presentation
Understanding Fund Selectors Outlining results of syndicated research into the attitudes of fund selectors across European markets Jonathan Boyd Editorial Director Open Door Media Publishing 6 October 2016 We are Branded events company
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We are… Branded events company based in London, created through MBO in 2013
- Events
30 planned for 2017 across all brands; Reykjavik to Tel Aviv, Stockholm to Madrid, Miami & Dubai
- Publishing
Monthly magazines Websites & daily email news alerts
- Strategic partnership
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“European Fund Selector Syndicated Study: Market thinking and the effect
- n your brand”
- 351 Fund Selectors
- Benelux, France, Germany, Italy,
Nordics, Spain, Switzerland
- 1/3 AUM >€5bn each
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Benelux
- Top considerations
Investment risk management, quality of communications materials, charges
- Key local differences
Significant difference in use of ‘up to 2 years’ time horizon vs European average when considering performance of active managers
- Main review trigger
Change of investment strategy
- Use of social media for manager
research
About 20% found useful
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France
- Top considerations
Performance track record, clear and distinct investment philosophy, investment risk management
- Key local differences
Significant difference in use of ‘up to 2 years’ time horizon vs European average when considering performance of active managers
- Main review trigger
Key person departure
- Use of social media for manager
research
About 19% found useful
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Germany
- Top considerations
Clear and distinct investment philosophy, relationship management, investment risk management
- Key local differences
Significant difference in use of ‘2-3 years’ time horizon vs European average when considering performance of active managers
- Main review trigger
Underperforming the peer group over a defined period, reputational issues, poor service
- Use of social media for manager
research
About 16% found useful
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Italy
- Top considerations
Investment risk management, quality of communications materials, charges
- Key local differences
Significant difference in use of ‘up to 2 years’ time horizon vs European average when considering performance of active managers
- Main review trigger
Change of investment strategy
- Use of social media for manager
research
About 27% found useful
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Nordics
- Top considerations
Investment risk management, clear and distinct investment philosophy, charges
- Key local differences
Significant difference in use of ‘2-3 years’ time horizon vs European average when considering performance of active managers
- Main review trigger
Underperforming the peer group over a defined period, poor service
- Use of social media for manager
research
About 15% found useful
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Spain
- Top considerations
Investment risk management, performance track record, clear and distinct investment philosophy
- Key local differences
Significant difference in use of ‘2-5 years’ time horizon vs European average when considering performance of active managers
- Main review trigger
Underperforming the peer group over a defined period, change of investment strategy
- Use of social media for manager
research
About 20% found useful
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Switzerland
- Top considerations
Performance track record, clear and distinct investment philosophy, investment risk management
- Key local differences
Significant difference in use of ‘up to 2 years’ time horizon vs European average when considering performance of active managers
- Main review trigger
Change of investment strategy, reputational issues
- Use of social media for manager
research
About 20% found useful
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Conclusions…
- Top considerations of fund selectors:
Clear and distinct investment philosophy, investment risk management, performance track record
- Bottom considerations include:
Social responsibility, global presence, product range
- Regular communication is important:
Fund factsheets, monthly commentaries, email newsletters considered most useful
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Conclusions ctd…
- Review triggers:
Most concerned by change in investment strategy
- # AMs on panels:
¾ expect to maintain/increase # AMs on their panels at time of survey
- Market leaders in Alternatives:
Little clarity in market leaders on pan-European basis for non-traditional asset classes and vehicle types
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Rt Hon Lord (Alistair) Darling PC
Multiple Referenda? Not just in Switzerland!
- UK Chancellor of the
Exchequer from 2007 to 2010
- Led campaign to keep
Scotland in UK
- Campaigned against Vote
Leave ahead of Brexit referendum Post research…
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For further information on the findings
- f the research into Europe’s Fund
Selector community:
Kim Bell, Director kimbell@bdifferent.co.uk +44(0)1293 601901 Louise Hanna, Sales Director & Founding Director louise.hanna@odmpublishing.com +44(0)20 37279929
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