Fund manager rules ‘will hurt margins and boost passives’

first_imgThis would in turn have a negative impact on asset managers’ credit ratings, it said.“Active managers… will have to overhaul their cost structures and product lineup or merge to offset the pressure on revenue and generate economies of scale”Moody’sThe final rules from the FCA on governance will take effect on 30 September 2019, while rules forcing managers to return profits made from trading fund units (known as box profits) will come into force on 1 April next year.“Active managers that have been experiencing an increase in operating and compliance costs following a number of local and global regulatory initiatives will have to overhaul their cost structures and product lineup or merge to offset the pressure on revenue and generate economies of scale,” Moody’s said.The additional rules on delivering value to investors would reduce the fees charged by active managers as they would have to adapt their business models and product offerings to an even more competitive pricing environment, the agency added. Asset managers that provided the best value-for-money services would probably consolidate their market share as a result of the regulatory change.“Bigger players with solid governance standards and diverse solutions in both active and passive management, such as [Fidelity] and BlackRock, will be best positioned to absorb the additional regulatory pressures,” Moody’s said.“The introduction of these rules will increase fee and cost transparency, making the pricing of active funds more competitive and accelerating the shift to passive products.” UK active asset managers will see their profit margins reduced by rules published last week by the country’s financial regulator, according to analysis by Moody’s Investors Service.The credit rating agency also said the industry’s prevailing shift towards index-based investment would hasten as a result of the Financial Conduct Authority’s (FCA) actions.The FCA set out a series of rules last Thursday for the country’s £8trn (€9.2trn) asset management sector, requesting firms to act in the best interests of the investors in their funds.Moody’s said: “Although the new rules enhance transparency and protection for investors, active asset managers’ operating and compliance costs will increase and their fees will decline, reducing profit margins and accelerating the shift toward passive investment management.”last_img read more

Fernandes targets improvements after victory over Chelsea

first_img Victory in the capital saw us close the gap on Frank Lampard’s fourth-placed side to just three points, as the battle for Champions League places took another twist. Read Also:Bruno Fernandes Can Cope Well With Expectations – Bolasie While our January recruit was thrilled with the result, which completed our first league double over Chelsea since 1987/88, Fernandes still feels there are areas to improve on. FacebookTwitterWhatsAppEmail分享 The Portuguese international has made an impressive start to life with the Reds, picking up the Man of the Match award in both of his appearances since joining the club from Sporting Lisbon in January. The 25-year-old earned 30 percent of the fans’ votes in our Official App, while Harry Maguire finished second with 19 percent and Eric Bailly was third in the poll, with 17 percent. All fourteen players involved were on the shortlist. As well as scooping the post-match award on Monday night, Bruno also registered his first assist in United colours, when he picked out Harry Maguire for the Reds’ second goal of the evening at Stamford Bridge. Manchester United midfielder, Bruno Fernandes, was delighted with our 2-0 Premier League victory over Chelsea on Monday night, but still feels the Reds can play better. Promoted Content7 Of The Wealthiest Universities In The WorldHow They Made Little Simba Look So Lifelike in ‘The Lion King’Why Do So Many Digital Assistants Have Feminine Names & Voices?Is This The Most Delicious Food In The World?Unusual And Unique Beauty Of Indian Women7 Ways To Understand Your Girlfriend BetterBest & Worst Celebrity Endorsed Games Ever Made6 TV Shows That Got Better After A Major Character Had LeftSome Impressive And Almost Shocking Robots That Exist5 Of The World’s Most Unique Theme ParksPlaying Games For Hours Can Do This To Your BodyTop 10 Tiniest Phones Ever Made Loading… last_img read more

Roxas City creates ‘tech’ tracking PUMs, PUIs

first_img“We hope to reduce the number of casesof PUMs using this tracking system,” Dadivas added. The top ten barangays with the highestnumber of PUMs are the following: Labeled as the “COVID-19 tracker,” the technology monitors daily the number of persons under investigation (PUIs) and the persons under monitoring for the coronavirus disease 2019 in every barangay. “The purpose of this is for everybody to know, especially the residents of every barangay, the number of PUMs and PUIs in their area and for them to make use as a tool to strategize their campaign against COVID-19 and to also reduce the number of PUMs,” Roxas City mayor Ronnie Dadivas told Panay News. 1. Barangay Baybay, 2. Barangay Bolo, 3.Barangay Milibili, 4. Barangay Culasi, 5. Barangay Cagay, 6. Barangay Barra, 7.Barangay Dinginan, 8. Barangay Tiza, 9. Barangay San Jose, and 10. BarangayLibas Two of those PUIs are confined at ahospital, one has died and the rest are undergoing self-quarantine in theirrespective homes. The barangays are ranked based on therecord of the City Health Office obtained from the reports and calls of thebarangay health workers, barangay officials and netizens. ROXAS City – This city came up with an information technology system to fight the coronavirus disease 2019 outbreak (COVID-19). “Kinahanglangid nila  i-monitor nga wala may nagalapas sa self- quarantine, or else those violating will face arrest,”Dadivas added. According to the mayor, Roxas City has929 PUMs and 30 PUIs as of March 27. DADIVAS The COVID-19 tracker, likewise, ranks dailythe barangays based on their number of PUI’s and PUM’s through gatheredreports. The ranking, however, is not constant.It may vary depending on the number of cases reported and the compliance of theresidents who are on self-quarantine, the mayor said. By having the data, Dadivas said the villageofficials here will ensure that PUMs in their respective areas would strictly undergoself- quarantine. Last week, the city government arresteda female resident of Barangay Tanza after she went out of her residence whileon self-quarantine./PNlast_img read more