Foreign investors defy junk threat in Italy
Italian government bonds face a downgrade to “junk status”. Nevertheless, after years, the interest of foreign investors in this “ticking time bomb” is increasing.
The prolonged exodus of foreign investors from Italian government bonds has halted this year. According to research by Amundi Investment Institute, the asset class saw positive inflows of 35 billion euros in the first seven months, driven by foreign interest.
Dutch pension funds grapple with high private equity fees
Dutch pension funds are striving to address concerns about the high performance fees they pay to private equity funds by increasing accountability and explaining the dilemmas and choices surrounding these investments.
PGIM Investments: A REIT rebound on the horizon
Read PGIM Real Estate’s Q4 2023 Outlook for insights on global real estate opportunities that can help investors weather the slowdown amid rising macroeconomic and geopolitical risks.
Luxembourg lawyer fined for litany of AML failings
The Luxembourg bar association ia applying a form of shock therapy to lawyers taking a laissez-faire view of anti-money laundering and terrorist financing laws, but its disciplinary body has nevertheless found a loophole allowing it to continue this country’s tradition of not publicly identifying the guilty.
The overstated impact of AI on productivity growth
If you’re a regular on platforms like X or LinkedIn, you’ve likely encountered those attention-grabbing posts proclaiming, “If you’re not using AI, you’re left behind” or “My boss thinks I’m an AI genius, but it’s because of this…” followed by a link to some Substack or website. Such posts, often cheap advertising, may overstate the productivity boost from Artificial Intelligence (AI).
Forward rates: the unchallenged prophet
Predicting future interest rates is a favorite activity among economists and strategists, but Dimensional Fund Advisors takes a unique stance. “Forward rates are the best guide when positioning bond portfolios for higher expected returns,” they assert, dismissing the predictions of journalists and other ECB/Fed watchers.
Decoding Xi’s ‘Chinese Dream’
China, poised to reclaim its title of a superior civilization, faces scrutiny from fund managers over structural imbalances, demographic challenges, geopolitical risks, and the leadership style of President Xi Jinping. Let’s delve into these concerns.
Esma makes cyber risk top EU supervisory priority for 2025
The European Securities and Markets Authority, or Esma, on Thursday announced that from 2025, cyber risk and digital resilience in Europe’s securities sector will take precedence alongside ESG reporting in terms of overarching priorities for the supervisors in EU member states.
Roadblocks in asset management software procurement
The typical reasons that prompt asset managers to acquire new software often include recommendations from regulators following an onsite visit or the realisation that their current resources cannot efficiently handle projected workloads. These decisions are predominantly reactive, seldom proactive, writes Gregory Kennedy in his latest column for Investment Officer Luxembourg.
Capita Group | Whatever happened to the recession - and does it matter for bonds?
Despite interest rates being hiked to their highest level since the mid-2000s and a mini crisis in the US banking sector, a recession has, so far, been avoided.