Denise Voss, Alfi chairwoman, sees 2018 as an exciting and challenging year.
Photo: Marion Dessard
Denise Voss sees opportunities in sustainable and responsible investments in 2018
Alfi chairwoman Denise Voss said that sustainable and responsible investing will be the trend for 2018 in asset management.
According to Citywireselector, Voss said at a conference in London on Thursday 1 February that:
“European investors, institutional investors and pension funds are demanding higher responsible investment strategies and asset managers are starting to use responsible investment tools to execute their strategies.”
Growth in responsible funds has doubled between 2010 and 2016.
“The Luxembourg fund industry had a very good year 2017 and 2018 brings many opportunities, with the progress of the Capital Markets Union, the project to introduce a pan-European personal pension product (PEPP), the recovery of sustainable finance and the development of new technologies.”
She added: “However, the fund industry is facing challenges, particularly in terms of regulation: Alfi is currently working on 17 texts through its more than 1,800 members in more than 150 working groups. All are important and it is Alfi's mission to ensure that regulation acts in the interest of both the investor and the asset manager.”
Against ESMA direct supervision
“Alfi does not see any benefit from these proposals to the investor,” Voss repeated. “We do not welcome direct supervision by Esma because we believe that the close supervision of market and product players by the competent national authorities guarantees the best and most effective protections at both the investor and market levels.”
Regarding the delegation activities in third countries, Denise Voss shared that the "big worry" of Alfi was facing an “additional layer of regulation, additional costs and delays in time to market.”
“The delegation model is a cornerstone of the global success of the European asset management industry,” she added.