Global fund distribution Market intelligence: fund flows that matter June 2015 Market insight Evolution of net assets (04/2014 — 03/2015) Distribution markets (03/2015) ** No growth figure has been calculated for CHN, CYM, HKG, IND, and THA markets. *** CHN and China refer to the Mainland China market. Square scaling for market insight (03/2015) ca.US$20b of net assets Regional insight EY Contacts EY analysis is based on fund data provided by These heat maps illustrate the growth of the largest distribution markets based on the variation of the total net assets held by local investors in open-ended domestic and cross-border funds available for sale. The rectangle’s size gives an indication of the market size in March 2015. The rectangle’s color, the growth, is defined by the sum of flows during the 12 month period ending March 2015 as a percentage of the total net assets in March 2014. “ ” 500 0 1,500 2,000 1,000 2,500 3,000 14,800 3,500 Locally net assets distributed Locally net assets domiciled Net assets in US$b Annual growth of local distribution markets -12% -9% -6% -3% 0% 3% 6% 9% 12% Regulatory intelligence Fund registration Market intelligence Fund reporting EY GFD Laurent Denayer Partner, Global Fund Distribution Leader +352 42 124 8340 [email protected]France Messier Manager +352 42 124 8534 [email protected]To learn more, visit ey.com/GFD Connect with us on LinkedIn EY GFD - Global Fund Distribution http://bit.ly/GFD-EY USA Singapore South Korea Japan Mexico Finland Israel Switzerland Italy Chile Austria France United Kingdom Germany India Luxembourg The Netherlands Ireland South Africa Thailand Spain Canada Norway Denmark New Zealand Hong Kong Brazil Australia Malaysia China*** Sweden Belgium Taiwan Cayman Islands Morocco USA SGP KOR JPN MEX FIN ISR CHE ITA CHL AUT FRA GBR DEU IND LUX NLD IRL ZAF THA ESP CAN NOR DNK NZL HKG BRA AUS MYS CHN SWE BEL TWN CYM MAR * Market share and net assets (03/2015) 53.4% US$15,211 b* North America 31% US$8,442b* Europe 7.6% US$2,072b* Asia** 4.6% US$1,302b* Latin America** 2.8% US$786b* Oceania Africa 0.6% US$167b* DEU USA FRA CAN GBR CHE ITA ESP SWE NLD LUX IRL AUT NOR DNK BEL FIN Others Europe CHN** , *** KOR JPN TWN ISR MYS HKG** SGP IND** Others Asia BRA CHL MEX AUS ZAF MAR CYM** NZL THA**
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Global fund distributionMarket intelligence: fund flows that matter June 2015
Market insight
Evolution of net assets (04/2014 — 03/2015) Distribution markets (03/2015)
** No growth figure has been calculated for CHN, CYM, HKG, IND, and THA markets.
*** CHN and China refer to the Mainland China market.Square scaling for market insight (03/2015)ca.US$20b of net assets
Regional insight
EY Contacts
EY analysis is based on fund data provided by
These heat maps illustrate the growth of the largest distribution markets based on the variation of the total net assets held by local investors in open-ended domestic and cross-border funds available for sale. The rectangle’s size gives an indication of the market size in March 2015. The rectangle’s color, the growth, is defined by the sum of flows during the 12 month period ending March 2015 as a percentage of the total net assets in March 2014.
EY’s global fund flow trends and analysis are powered by fund data provided by Morningstar. The EY Global Fund Distribution (GFD) reports use EY’s proprietary methodology, developed to offer a unique perspective on global fund flows, that also considers SRRI volatility levels, TER bands, fund categories and more. By looking beyond changes in total net assets to looking at estimated fund flows, asset managers and servicers gain insight on market movements dividing fund flows into specific fund categories and investment regions. This information enables fund groups to better plan fund distribution and marketing strategies.
Helps you perform and monitor the effective registration and maintenance of your UCITS, AIFs and other CIS in each targeted jurisdiction, through our dedicated client-focused team with distribution knowledge
Provides you with country-based market and regulatory intelligence responding to essential concerns you may have regarding investors’ appetite for foreign funds, your distribution strategy, how to register your funds step-by-step and how to cope with local reporting and maintenance requirements
An interactive, dynamic and visual web-based business intelligence engine to define and challenge your fund product developments and distribution strategies across 40 countries
Our Market and Regulatory Intelligent Services• Continuously updated web-based market and regulatory intelligence
matrix, including the following information for the target distribution markets:• Local investors’ appetite for different fund products and strategies• Local distribution channels• Sales and marketing practices• Initial and subsequent registration requirements and procedures• Regulatory reporting and marketing requirements• Regulatory alerts and newsletters to keep you abreast of regulatory
changes
Our Interactive Market Analytics Services• A user friendly, online platform accessible through all devices, allowing
you to:• Understand fund industry flows• Compare growth rates, assets under management and fund flows per
market, product or legal form• Create your own market analysis charts and tables, with data that
matters to you• Export all data, graphs and tables and build your custom reports• Analyze trends going back three years• Identify your competitors and market share
ObjectiveEnd-to-end services to efficiently outsource the filing of regulatory applications to regulators, collect/disseminate fund documents and manage/monitor the fund registration process
Objective• Country-based market intelligence matrix comprehensively describing the level of attractiveness
of the relevant target distribution markets• A do-it-yourself practical guide to implement your distribution strategy and register your UCITS,
AIFs and other CIS for public distribution or distribute your funds on a private placement basis
Objective• Assist your decision-making by allowing you to determine which products to distribute, in which
jurisdiction, to which category of investors and through which distribution channels• Compare your performance with that of others in the industry• Assess the performance of your fund per distribution market
Our Fund Registration Services• Online fund registration platform• For all markets not covered by the e-filing platforms, direct submission of application files to regulators• Centralized follow-up of cross-border application files• Ad-hoc registration and distribution related services• Multiple dashboards with extensive functionalities, allowing you to monitor the registration status of your
funds on an ongoing basis
Fund reportingProvides you with a streamlined fund reporting process using a time- and cost-saving model, allowing you to enhance risk management and oversight with regard to fund reporting obligations in various jurisdictions.Provides you with an automated solution dedicated to the preparation of financial statements for all types of investment funds and related companies in various jurisdictions
Objective• Streamline the tax reporting process and reduce
effort duplication by using a single provider• Reduce involvement of in-house managerial
resources • Enhance risk management, oversight and
provide information on legislative or practice development in the context of fund tax reporting
ObjectiveEnd-to-end automated service to efficiently outsource the preparation of financial statements
Our Fund Tax Reporting Services• Access to an efficient and transparent operating
model using an online Fund Tax Reporting platform for both fund clients and fund administrators
• Proven tax reporting platform used for coordination, data exchange, monitoring and general ad-hoc update services
• A central point of contact to coordinate the offering and senior country contacts at your disposal
Our Fund Reporting Services• A central point of contact to coordinate the offering
and multidisciplinary senior team with significant experience in financial statements compilation
• End-to-end coordination of the reporting process including all stakeholders
• Efficient and continuous monitoring to help ensure high quality standards during the entire reporting process
• Translation of the financial statements and related documentation
• GAAP conversions
GFD 2.0Move with us to a new generation of distribution support services
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EY GFD refers to a set of innovative services developed by EY to help asset managers with the cross-border distribution and registration of their UCITS, AIFs and other CIS. It covers all key distribution markets in Europe, Asia, Latin America, Africa and the Middle East.
• Interactive market analytics• Market intelligence product• Fund reporting• Fund registration
All EY GFD services are accessible through the EY GFD dedicated web platform: www.eygfd.com.
EY GFD
How
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To learn more, visit ey.com
/GFD
Connect with us on Linkedin
EY GFD - Global Fund Distribution http://bit.ly/GFD-EY