In advance of the event, Delano spoke with Jean-Marc Goy, conducting officer, senior counsel and board member of Capital International Management Company, and Alfi vice chair. He speaks on the “Improving value for investors: is drastic change needed for success?” panel, at 11:30am.
Aaron Grunwald: What do you want the audience to get most from the “Improving value for investors: is drastic change needed for success?” session?
: The Alfi conference continues to provide a powerful forum where industry experts can convene to share, analyse and debate topical issues and opportunities. As a constantly evolving industry, it is great to see Alfi events remain a vital channel for the investment fund industry to interact with regulators, business leaders and investors.
The delivery of value to investors is important. Whilst we acknowledge that investors may value different things, ultimately there are a number of different factors that should be considered in ensuring that the needs of investors are met. These should include considerations such as: costs being commensurate to the types of investment services provided; performance that seeks to align with investment objectives and risk/return characteristics; and quality of service (which may include ESG or sustainability considerations). These should all be factored into the value proposition of a fund. We believe that the success story of investment funds will continue.
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Is the rising cost of regulatory compliance starting to outweigh the benefits for investors?
Investment funds remain a great option for investors and allow them to benefit from the services of professional portfolio managers and experts all along the value chain at much better conditions than they would get individually. Unlike other riskier products, which sometimes are not regulated, a substantial advantage of investment funds is that, thanks to the applicable legal and regulatory framework, they provide for a high level of investor protection. Investment funds offer an excellent opportunity to contribute to making finance more sustainable and to building a better society.
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Aside from your own talk at the Alfi event, which session are you most looking forward to hearing, and why?
The programme across both days looks very good. I am particularly interested in the sessions on ESG [editor’s note: at 11:40am, 2:45pm and 4:40pm, and at 12:05pm] and on navigating the financial markets in turbulent times [Tuesday 21 March at 10:20am and Wednesday 22 March at 9:30am]. Of course, it is also interesting to hear from [the finance minister] [Tuesday 21 March at 9:05am] and from the director of the [Luxembourg financial regulator] CSSF in charge of the investment funds departments, Marco Zwick [Wednesday 22 March at 4:30pm]. I am also looking forward to the discussions with other representatives of the Luxembourg financial centre during the conference.