A former war correspondent went corporate | …and more about people | Danish FSA introduces extensive ban on commissions from mutual funds
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Monday 27. february 2017
Newsletter
Columbia Threadneedle wants a bigger piece of the Nordics
Asset Manager Columbia Threadneedle needs to crack the code on the Swedish institutional market and become better at explaining who they are and how they do things differently from the other assets managers swamping the market. This is the vision of new Head of Nordics, Ulrik Holm Oxfeldt, as told to FinansWatch AM.
European social bond takes off this summer
In their search for customers, asset managers try to differ themselves from their competitors and Columbia Threadneedle Investment is no exception to this rule. Social bonds are the next wager.
Mythbuster from Nykredit: ESG has no negative effect on bottom line
Can it really be true that applying strict ESG criteria does not cost extra in returns or on the bottom line, as a company and as an investor? Yes, it can. It increases returns, in fact. So says Nykredit Asset Management.
A former war correspondent went corporate
Career path: Sasja Beslik, Head of Sustainable Finance, Nordea Wealth Management, is inspired by many people "with courage", though only few come from the asset management industry, he explains.
…and more about people
Did you miss the news about people in your business? SCOR Investment Partners in Paris got a head of Nordic Sales, a portfolio manager has left Swedish Carnegie Fonder - and a Danish asset manager has been drawn into a controversial dismissal case.
Danish FSA introduces extensive ban on commissions from mutual funds
The Danish Financial Supervisory Authority has published an interpretation of new EU rules that prohibit banks from earning commissions directly on investment funds they select on behalf of customers. The legal interpretation involves an extensive ban on commission payments for advisory and distribution.
Major banks walk the line before ban on commission payments
Neither Danske Bank nor Nordea plan on following Jyske Bank and Sparekassen Kronjylland's example of transferring their portfolio management clients to new products prior to the upcoming ban on commission payments in EU.
Danish FSA warns banks against new solutions in response to commissions ban
Danish banks would do well to think twice before launching new solutions in response to the upcoming ban on commission payments. They risk having to redo a lot if the new solutions turn out to clash with legislation, says Director General at the Danish Financial Supervisory Authority, Jesper Berg, to FWAM.
Danish pension funds will invest DKK 60 billion in real estate through to 2020
The 10 biggest pension funds in Denmark own real estate worth more than DKK 200 billion (approx. USD 28.3 billion), and are planning further acquisitions worth another DKK 60 billion within three to five years, according to a survey.
PFA and Industriens Pension put DKK 1 billion in new housing fund
Thylander Gruppen establishes new fund named Danske Boligejendomme with focus on Danish growth cities outside the capital region. Two pension funds join in.
New Danish asset manager challenges the sector on transparency and expenses
Mermaid Asset Management is weary of lacking transparency and endless expenses in the asset management field. The company aims for visible costs and customized products with its new setup.
New Nordic ecolabel for investment funds almost ready for launch
Most retail investors have never heard of UNPRI, Morningstar, or Morgan Stanley ESG framework. But more and more retail clients are showing interest in putting their money in sustainable investments. A new labeling is planning to show them the way.
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