PwC Luxembourg has just released its leading tool for asset managers on the global cross-border fund market, their Global Fund Distribution poster. The research covers 2020 and indicates a drop off in expansion plans for asset managers due to the COVID pandemic. In its twenty-first iteration, the poster also highlights global cross-border distribution progression, key target markets, and main domicile centres.
Other notable findings include that there was an increase in cross-border investment fund registrations in 2020, up 5.8% from 2019. Portugal garnered the most registrations in 2020 for Europe, while Singapore, Israel, Chile, and South Africa were at the top of the list for Asia-Pacific, the Middle East, the Americas, and Africa, respectively.
There was also a 6.2% decrease in cross-border ETFs.
Robert Glover, partner at PwC’s Global Fund Distribution, said: “As we release our 21st annual global fund distribution poster, the world is still in the grip of the COVID pandemic. Whilst the data reveals relatively good evolution in terms of cross-border registrations during 2020, we see a notable, and probably expected, decline in the launch of new funds versus previous years. As asset managers put the brakes on expansion plans, for both new funds and new jurisdictions, efforts were concentrated on developing their distribution footprint with existing products and in mature markets.”