Esma faces uphill battle to emerge as European SEC
In an interview with Investment Officer, Esma chair Verena Ross outlined her vision and the significant challenges ahead as the regulatory body aims to become Europe’s equivalent to the US SEC.
‘Gezondheidszorg kan rol veilige haven weer oppakken’
De gezondheidszorgsector blijft achter bij de brede aandelenmarkt, maar volgens sectoranalisten is het pessimisme van beleggers overdreven. Innovatie, verbeterende winstgroei en afnemende politieke risico’s kunnen de sector de komende jaren nieuw momentum geven.
Luxembourg slams idea of centralized EU supervision
The elephant in the room, centralized supervision, was impossible to avoid during the Association of the Luxembourg Fund Industry’s annual Global Asset Management Conference in Kirchberg on Tuesday. Though in favor of supervisory convergence, Luxembourg remains firmly against centralized supervision by Esma, the European securities and markets authority.
European investors ‘are misreading the cycle’
European investors are approaching the current crisis using analytical frameworks from previous crises. According to chief strategist Mabrouk Cherouane of Natixis Investment Managers, this reflex leads to misinterpretations that directly affect asset allocation.
Gold price tumbles as investors ‘lock in’ gains and safe-haven role shifts
The gold price fell sharply on Monday morning, dropping nearly 10 percent in a short period and recording its biggest weekly loss since 1983. Higher inflation, rising interest rates, and a stronger dollar are putting pressure on the precious metal. Profit-taking also contributed, experts say.
RMB bonds emerge as hedge in oil shock
RMB bonds may offer an unexpected shelter in a prolonged oil shock, as global fixed income markets struggle to absorb a renewed inflation impulse, according to Allianz Global Investors’ Jenny Zeng.
Wars drive innovation
Necessity breaks laws, but it also breaks existing patterns, paradigms, and drives innovation. Necessity is, after all, the mother of invention. Not abundance or curiosity, but circumstances in which delay is not an option.
The carbon premium that never existed
Imagine this: you predict stock returns for January 2026 using company data from all of 2026. Data that only becomes available during that year (or even afterward). Sounds absurd? Yet this is exactly the methodological foundation of one of the most cited findings in climate finance: the carbon premium.
Evergreen is no El Dorado, says Indosuez’s Dauman
Evergreen funds are pushing private markets toward a wider investor base. Olivier Dauman of CA Indosuez says that expansion has clear limits. “I think evergreen is a nice evolution of this market. I don’t think it’s the El Dorado of private equity,” he told Investment Officer.
Chart of the week: laffer’s line
The signals that citizens and businesses are willing to leave their country if the tax burden becomes high enough are increasing rapidly. As a result, an economic theory that is already fifty years old—and long dismissed as meaningless fantasy—is suddenly taking center stage.