Opportunities in EUROPEAN SUB-ADVISORYdownload.impactvesting.com/Europe_Sub-Advisory_Info.pdf ·...
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Market intelligence for more effective distribution Profiles of 29 financial institutions expanding sub-advisor use • Leading wealth and asset managers such as SJP, ABN AMRO, Generali, and Nordea • Smaller overlooked distributors and emerging opportunities such as Nykredit, OP, LPI, NEAM, Omnis, Länsförsäkringar and many others • Local banks, cooperative credit institutions, financial advisor networks, pension providers, and insurance companies • Distributors in the UK, Switzerland, Nordics, Benelux, Italy, Spain, throughout the Continent and Cross-Border. Opportunities in EUROPEAN SUB-ADVISORY Insights and analysis for investment managers to expand their sub-advisory business across the region. Unique perspectives on more than 1,200 investment funds with €363 billion in assets sub-advised by external managers. • 80 pages of practical knowledge and data-driven analysis • 61 tables and charts with fund-level details highlighting market demand • Extensive mapping of opportunities based on the most accurate and comprehensive database of sub-advisory arrangements in Europe • Insights from interviews with senior industry executives. At least €200 billion in flows will migrate to sub-advised investment funds over the next five years. IMPACTVESTING LLC www.impactvesting.com [email protected] +1 (347) 746-9895
Transcript of Opportunities in EUROPEAN SUB-ADVISORYdownload.impactvesting.com/Europe_Sub-Advisory_Info.pdf ·...
Market intelligence for more effective distribution Profiles of 29 financial institutions expanding sub-advisor use
• Leading wealth and asset managers such as SJP, ABN AMRO, Generali, and Nordea • Smaller overlooked distributors and emerging opportunities such as Nykredit, OP, LPI,
NEAM, Omnis, Länsförsäkringar and many others • Local banks, cooperative credit institutions, financial advisor networks, pension
providers, and insurance companies • Distributors in the UK, Switzerland, Nordics, Benelux, Italy, Spain, throughout the
Continent and Cross-Border.
Opportunities in
EUROPEAN SUB-ADVISORY Insights and analysis for investment managers to expand their sub-advisory business across the region. Unique perspectives on more than 1,200 investment funds with €363 billion in assets sub-advised by external managers.
• 80 pages of practical knowledge and data-driven analysis • 61 tables and charts with fund-level details highlighting market demand • Extensive mapping of opportunities based on the most accurate and
comprehensive database of sub-advisory arrangements in Europe • Insights from interviews with senior industry executives.
At least €200 billion in flows will migrate to sub-advised investment funds over the next five years.
IMPACTVESTING LLC www.impactvesting.com [email protected] +1 (347) 746-9895
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Net Flows into New Sub-Advised Funds, € Billion, 2011-2015
Sub-Advised Assets by Category, 2015
Top 20 New Sub-Advised Fund Launches in 2015
EXTENSIVE DATA on partnerships and areas of commercial success PRACTICAL DETAILS to target opportunities, build relationships, and benchmark progress
INDISPENSIBLE FIELD REFERENCE FOR SALES AND DISTRIBUTION PROFESSIONALS 61 tables and charts with insights on sub-advisory sources of growth Analysis using comprehensive fund level data
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INVESTMENT STRATEGIES in demand
NEW FUND asset potential MARKET SIZING for strategic planning and distribution decisions
In-depth profiles of 29 financial institutions expanding sub-advisor use
Leading sponsors including SJP, ABN AMRO, Generali, and Nordea Plus emerging buyers such as Nykredit, OP, LPI, NEAM, Omnis, Länsförsäkringar and many others
Opportunities in
EUROPEAN SUB-ADVISORY CONTENTS
Page 5 EXECUTIVE SUMMARY Methodology
8 WEALTH MANAGEMENT AND SUB-ADVISORY LANDSCAPE Sub-Advisory Demand by Investment Category Regulation and Market Forces Reshape Fund Distribution Mandate Turnover and Insourcing Risk Key Sources of Sub-Advisory Business
20 NEW SUB-ADVISED FUND TRENDS Top Launches in 2015 Product Development: Five Years in Perspective
24 UNITED KINGDOM With Profiles of 5 Distributors
36 NORDICS With Profiles of 8 Distributors
49 SWITZERLAND With Profiles of 4 Distributors
54 ITALY With Profiles of 4 Distributors
63 OTHER EUROPE & CROSS-BORDER With Profiles of 8 Distributors
77 ADDITIONAL SEGMENTS AND CONSIDERATIONS Investment Demand in Europe Life and Pensions Funds
81 LOOKING FORWARD
IMPACTVESTING LLC www.impactvesting.com [email protected] +1 (347) 746-9895
Questions answered: • Which banks, insurance companies, and wealth managers are expanding sub-advisor use? • What strategies are most in demand within the sub-advised segment? • Which funds are underperforming and targets for manager replacement? • How do I size the market opportunity in Europe? • What expectations do distributors have of sub-advisors? • How important are service, people, brand, performance, new investment ideas, ability to
customize, fees, and other factors in winning business? • Will market dynamics and regulatory changes such as MiFID II create greater demand for
sub-advised investment solutions? • Do model portfolios, risk-based multi-asset programs, and outcome-oriented solutions
support growth?
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About!the!author!and!IMPACTVESTING!LLC! IMPACTVESTING was founded by Jag Alexeyev to help asset managers access the fastest growing segments of the global investment industry. A research and consulting firm specializing in global distribution, non-US sub-advisory, product innovation, alternative investments, and ESG strategies, IMPACTVESTING brings more than 20 years of experience advising the executives of 100+ investment companies globally. Before starting Impactvesting, Jag established and led Strategic Insight’s international group. He built the practice into one of the world’s most widely used providers of fund research and business intelligence solutions. In addition to developing Strategic Insight’s SIMFUND Global analytical tool, he created a leading research suite on market opportunities in Europe, Asia, and Australia.
IMPACTVESTING LLC www.impactvesting.com [email protected] +1 (347) 746-9895
!!!Who!will!benefit?! • Sales, distribution, business
development, marketing, and relationship management executives
• Market research, product, and strategy leaders at investment companies
• Distributors seeking to understand innovative approaches and sub-advisors used by the competition
ORDERING THE REPORT - Color Printed copy and PDF - Up to 5 hours of strategic advisory and consulting Strategic advisory and consulting includes conference calls, custom analytics using the full sub-advisory database, new research on related themes, or tactical support in sub-advisory distribution. $12,000 / €11,000 / £9,300 CONTACT: +1 (347) 746-9895 / [email protected]
Abaco Capital Abante Aberdeen ABN AMRO Acadian Advent Aegon AJO Albemarle Albourne Partners Alfred Berg Alger Alliance Bernstein Allianz Global Inv Allied Dunbar AlpenBank Altair Finance Amundi Andbank Anima Antarctica AQR Arcano Argonaut Aristotle Arnhem Arrowstreet Artemis Artisan ARX Investimentos Ashburton Ashmore Atlanticomnium Attitude Asesores Aubrey Capital Auriga AXA IM AXA Rosenberg Axiom AZ Quest Babson Capital Baillie Gifford Banca Esperia Banca Ifigest Banca March BancoPosta BanSabadell Barclays Barrow Hanley Basso Capital BBVA Bedrock Bellevue Benefit Street BlackRock Bluebay BNP Paribas IP BNY Mellon Boston Partners Brigade
Brookfield Brown Advisory BTG Pactual Burgundy Caixabank Candriam Capital Four Carmignac Capital International Ceredex Value Advisors Charlemagne Capital Chilton Clarivest ClearBridge Clinton Group Cohen & Steers Colchester Columbia Threadneedle Copper Rock Credit Suisse Cushing Asset Daiwa SB Dalton Investments Danske Capital DDJ Capital Decalia Degroof Delaware Deutsche Asset & WM DJE Kapital DLIBJ DNB DNCA Finance DoubleLine Capital Duet Asset Mgmt Dupont Capital Eagle Asset East Capital ECM EdgePoint Edinburgh Partners Edmond de Rothschild EDM Gestión Egerton Capital Eiffel Investment Etoile Gestion ETS Eurizon Euromobiliare European Value Partners F&C Fairpointe Fermat Fiera Capital FFTW Fidelity Fideuram Fiera Capital Finisterre First Eagle
First Pacfic Advisors First State Fisch Asset Mgmt Fisher Asset Mgmt Fondaco Frankin Templeton FundQuest Advisors GAM Gamax GAMCO Generali Genesis Glenmede GLG Partners Goldman Sachs GreatWall Grupo Cooperitivo Cajamar Gudme Raaschou GW&K Handelsbanken Harding Loevner Hargreave Hale Harris Associates Harvest Heartland Henderson Heptagon Capital Hermes Herndon Heronbridge HSBC IAM - Independent Asset
Mgmt ICICI Prudential Income Partners Independent Franchise
Partners Insight International Asset Mgmt Invesco Investec Investin IPM Iridian Itaú J. Safra Sarafin Jackson Square Janus Jennison JO Hambro JPMorgan Jupiter Kairos Kempen Kennedy Capital Kinetics KKR Kleinwort Benson Kopernik La Française
Companies in the report
Länsförsäkringar Lazard Lemanik LGT Libra Capital Lindsell Train Liontrust Lombard Odier Loomis Sayles Los Angeles Capital LPI LSV Lynx Investment Adv MacKay Shields Magellan Mainstreet Capital Marlborough Maj Invest Majedie Manning & Napier Manulife Marathon Marshall Wace Mediolanum Mercados y Gestión de
Valores Metzler MFS Mondrian Morgan Stanley Mutua Madrileña Muzinich N+1 Syz NEF / Nord Est AM Neuberger Berman New Generation Advisors New Horizon Newfleet Newton Nicholas Company NN Investment Partners Nomura Nordea North of South Capital Northern Trust Northwood Securities Numeric Nykredit Oaktree Octopus Investments Oddo Meriten Odey Ofi Asset Mgmt OFI Global Old Mutual Oldfield Partners Omega Gestion Omnis Orchard Street OYSTER Funds
PanAgora Paulson & Co. Payden & Rygel Pembroke Petercam PGIM (Pramerica) Pictet PIMCO Pier Capital Pioneer Polar Capital Popular Gestión Privada Post Advisory Group Principal Global Inv. Putnam Advisory Pzena Raiffeisen RBS Renta 4 River Road Robeco Rogge Capital Russell RWC S.W. Mitchell Sampension Sanders Capital Sands Capital Santander Sarasin Schroders Scout SEB SEI Seix Select Equity Silk Invest Sinergia Advisors Sirios Capital Skandia Sky Harbor Capital Solo Capital Somerset SPARX St James's Place STANLIB State Street Global
Advisors Stewart Investors Stone Harbor Storebrand Sumitomo Mitsui Sustainable Growth Adv Swisscanto Systematica T Rowe Price Taube Hodson Stonex TCW Tenax Capital The Boston Company
The London Company Thompson, Siegel &
Walmsley Thornburg Tiburon Partners Times Square Capital TOBAM Trea Asset Management TT International Turner Tweedy Browne Twelve Capital TwentyFour Asset Mgmt UBS Union Investment L'Union Financière de
France (UFF) Urquijo Verrazzano Virtus Vontobel Waddell & Reed Wadhwani Wasatch Advisors Wellington Wells Capital Wells Fargo Westwood William Blair Winton Woodford Yacktman
Companies in the report
IMPACTVESTING LLC www.impactvesting.com [email protected] +1 (347) 746-9895
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