Introducing the Premier US Source of Mutual Fund News to Europe
Money-Media, which was acquired by the Financial Times in January 2008, has begun the European roll out of its online financial news services, starting with Ignites Europe, which launches across Europe on 23rd June.
Ignites Europe is an online news service designed for people working with the European cross-border fund industry. The product features daily email news bulletins of ten to twelve stories - a mixture of original content and English summaries from other national and trade publications across Europe. The content focuses primarily on six key areas: sales, marketing, compliance, regulation, technology and operations.
The US version of Ignites has, for the past 10 years, been the trusted source of mutual fund business intelligence with 83% US market penetration of fund companies with assets under management in excess of $10bn. There are currently in excess of 56,500 fund industry professionals who subscribe in the US.
"This launch is part of our strategy of taking market-leading publications to a global audience," said John Ridding, Chief Executive of the Financial Times. "Ignites Europe will provide "must have" information for asset managers and the asset management industry at an important time of market development and a changing regulatory environment,"
"Fast growth in the European fund market has the attention of most fund companies - many who already depend on Ignites in the US - so the launch of Ignites Europe is very well timed," said Diana Mackay, Lipper-FERI.
Andrew Sollinger, Managing Director of Money-Media, said: "For the past few years our US readers have been pleading with us to create a news service covering European fund markets. They're looking abroad for asset growth, and they need a business intelligence tool to help guide them. That's why we've created Ignites Europe. Our coverage of local language news on mutual fund management, combined with our original reporting, will help European fund professionals stay abreast of the latest developments in European fund markets."
As well as providing up to the minute news, Ignites Europe will provide competitive intelligence on regulations and compliance, sales and marketing strategies, technology and operations, executive appointments, product launches, and other relevant industry events. Ignites Europe is available to professionals working within the sector on an annual, company-wide subscription basis.
The European fund management industry has an annual growth rate of 14.5%, a growth rate similar to Asia and faster than the US. In 2007 the European fund industry had assets of 5.2 trillion euros. It is cautiously estimated to grow to 12 trillion euros by 2012 (source: Lipper FERI, www.lipperferi.com). UCITS (Undertaking for Collective Investments in Transferable Securities) regulatory framework makes this a compelling arena for fund management companies.
The barriers to cross-border fund creation, marketing and investing in Europe have fallen. Ignites Europe will be an invaluable source of information in this changing environment and will provide a daily online and e-mailed news service to industry professionals. It will report on pan-European news developments combined with in-depth synopses of breaking news from leading industry publications. All coverage will be written or translated into English.
Ignites Europe will be edited by Chris Newlands, who will be based at the FT's headquarters in London, and the commercial team will be run by Matt Fottrell. Money-Media is led by Managing Director Andrew Sollinger, based in New York, who reports to the FT's Financial Publishing Director, Mark Cunnington.
For further information:
T: +44 (0) 20 7873 3811
Senior Communications Manager
T: +44 (0) 20 7775 6840
About the Financial Times:
The Financial Times, one of the world's leading business newspapers, is recognised internationally for its authority, integrity and accuracy. Providing extensive news, comment and analysis, the newspaper is printed at 24 print sites across the globe, has a daily circulation of 450,558 (ABC figures, May 2008) and a readership of more than 1.3 million people worldwide. FT.com is the definitive home for business intelligence on the web, providing an essential source of news, comment, data and analysis for the global business community. FT.com attracts 7.1 million unique users, generating 72 million page views (ABCe figures, March 2008). FT.com has 101,000 subscribers.
Money-Media was acquired by the Financial Times in January 2008 and is a leading online news provider for the fund management industry. It has a staff of 70, including 23 editorial personnel and is based in New York and London. It has four online products including Ignites, FundFire, BoardIQ, Agenda and a conference business, ODX. It also has an online job listing service, JobBlast and is expert in developing products using online technology, such as the CrucialClips service, providing short video clips from industry conferences via email and its just-launched 'webinars' service. For more information please visit: www.money-media.com