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Archive » 2001 » Issue 1 (Dec.)
Rich pickings for distributors
02 December, 2001

Yuri Bender notes that more sophisticated investment products are needed to serve the four categories of Europe’s “rich”.

Going the distance with complex products
02 December, 2001

Wealth management has become the focus of both fund management groups and stand-alone banking divisions.

Searching for an ideal banking balance
02 December, 2001

Barclays man makes move to Credit Suisse in search of private banking Holy Grail.

Disappointed market cries out for inspiration
02 December, 2001

Ruwan Weerasekera and Timothy Dowd summarise the results of a new survey of the mass affluent and identify why financial companies’ recent strategies have not met expectations.

Bridging the product gap
02 December, 2001

Investment banks are attempting to build bridges with private banks, which are seeking new ways of satisfying high net worth individuals as the performance of traditional products weakens.

Hedge funds flourish
02 December, 2001

High net worth investors who have added hedge funds to their portfolios have made money in the past year’s bear market.

CDO issuers promise portfolio diversification
02 December, 2001

Collateralised debt obligations offer exposure to esoteric asset classes such as high yield corporates and leveraged loans.

Convertibles are coming
02 December, 2001

The simplicity of convertible bonds has attracted new, higher credit quality companies, writes Michael O’Connor.

Buying a basket full of funds
02 December, 2001

Elizabeth Cripps traces the history of fund supermarkets, profiles the main European platforms and goes investment shopping with our panel of European bankers.

Supermarket Sweep
02 December, 2001


EGG

Website: www.egg.com

Where’s it based? London, UK

We spoke to: Rob Hudson, business manager, Egg Invest

Background: Egg was the UK’s first fund supermarket when insurance giant Prudential launched it in May 2000. It started with 150 funds and 12 managers and now has about twice that. It has Ł100m


FONDMARKNADEN

Website: www.fondmarknaden.se

Where’s it based? Stockholm, Sweden

We spoke to: Oliver Lagerstrom, senior vice-president at MFEX

Background: Fondmarknaden was launched in 1999 by technology platform Mutual Funds Exchange (MFEX). It offers about 2400 funds from 64 fund companies and is the largest fund supermarket in Sweden, with 20,000 customers. MFEX has another fund supermarket in Sweden and has just launched in The Netherlands, through a partnership with the country’s eighth largest bank. SNS.


VEGA FINANCE

Website: www.vegafinance.fr

Where’s it based? Paris, France.

We spoke to: Dominique Hartog, director, Vega Finance.

Background: Vega Finance was launched in 1989 as a broker and is now a bank. It started as a dealer of funds in 1994. It is the second largest fund supermarket provider in France and offers nearly 6000 funds from more than 200 managers. It offers all the 4000 or so domestic funds registered in France and about 2000 foreign funds authorised for sale in the country.


DIREKT ANLAGE BANK

Website: www.dab-bank.com

Where’s it based? Munich, Germany

We spoke to: Matthias Kröner, member and speaker of the DAB management board.

Background: Direkt Anlage launched its fund supermarket in 1994. It offers 3500 funds from about 140 providers, in the business to customer market. These are all the funds registered in Germany.

Funds supermarket
02 December, 2001

We asked three European experts how they would spend E100,000 (or Ł100,000) in a funds supermarket for a conservative investor with a balanced strategy.

Why real estate is a safe bet
02 December, 2001

Whether investing directly or through a fund, at least the rent never goes down, writes Roxane McMeeken.

Europe embraces US deal
02 December, 2001

Unlike their US counterparts, high net worth individuals in Europe have largely steered clear of private equity, writes Henry Smith. Investment in this alternative asset class has been left to institutional investors.

The long and the short
02 December, 2001

Investors are moving in numbers towards hedge funds, as they look to profit from volatile markets.

Wealth of liability in a complex system
02 December, 2001

In the UK, the wealthy are liable for a number of taxes on investment gains. John Battersby outlines some of the liabilities in an increasingly complex taxation system.

Technology: a key tool in keeping clients happy
02 December, 2001

Intensifying market competition is increasing the pressure on asset managers to maintain high levels of service to high net worth clients. The benefits of using IT can be critical to success in this area, says Francesco Maffei

Risk is highlighted as Internet sales grow
02 December, 2001

The ability to buy investment products over the Internet has resulted in more transactions taking place without advice, which can mean an increase in risk for private investors. Gerry O’Kane reports.

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