Exchanging places?

Assets under management in European-domiciled mutual funds have plunged more than EUR60 billion this year, while exchange-traded funds have seen healthy capital inflows of over EUR20 billion. With the pattern repeated in the US as traditional asset…

Lost in translation

Many credit market participants agree that a single European financial services market would be good for all concerned. But there is widespread doubt over whether the EU is the right architect for the project. Oliver Holtaway reports

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