BLI’s Wagner: Recession still possible despite optimism
Amid widespread cautionary optimism, some economists say the global economy is still at risk of a recession, and that we may not be out of the inflationary woods quite yet. Guy Wagner, chief investment officer at Banque de Luxembourg Investments, or BLI, lays out the bear case.
“The fact that up to now the recession has not yet happened does not mean that it will certainly never happen,” said Wagner at a press event in Luxembourg last week. BLI manages assets worth about 15 billion euro.
Managing impact funds is a balancing act, says BLI’s Drui
Fund managers looking for sustainable investments can find themselves with incomplete non-financial data needed to make their decisions. At BLI - Banque de Luxembourg Investments, Annick Drui, manager of the 75 million euro BL Sustainable Horizon fund, explains how she is trying to strike the right balance.
The next waypoint for investors: corporate earnings
When it comes to the prospect of a recession, and a possible prolonged period of stagflation, the jury is still out, even in Europe. Although in agreement on a deteriorating economic outlook, major asset managers such as BLI, Pictet and JP Morgan hold diverging views on what’s next. For investors, corporate earnings are now seen as the next waypoint.
People: JPM AM and BLI boost their sustainability teams
In the Luxembourg transfer market, Banque de Luxembourg Investments and JP Morgan Asset Management both announced that they have strengthened their sustainable investing teams. Consultancy EY meanwhile said it has created a new Luxembourg team dedicated to the public sector.
Roland Rott and Soňa Stadtelmeyer-Petru (pictured) have joined JP Morgan’s sustainable investing team. Both hires will report to JPM’s Global Head of Sustainable Investing, Jennifer Wu.