Where is the next Silicon Valley Bank?
Interest rates are shooting up and in some cases have reached the highest levels in decades. The share prices of US regional banks are collapsing again. And yet reports of new collapsing banks remain absent. Why?
Deposits!
The chart below provides the answer to that question. Despite continued competition with money market funds, deposits of smaller US banks are steadily increasing. Compared to a year ago, there has been a modest growth of 2 per cent.
Capital Group | US government debt: We need to talk
One question we have heard at virtually every client meeting over many years is, “Are you concerned that US government debt is too high?”
Private credit seen as less attractive than public debt
After a dismal third quarter, bond investors are once again turning their attention to fixed income. A survey of European and Asian fund selectors forecasts a heightened demand for this asset class in the upcoming year, particularly with expectations of sustained equity market volatility.
How are changes in consumer behaviour impacting real estate?
Several key drivers are changing the way consumers behave. E-commerce and the march of technology are just two examples. We explore how this is impacting real estate investing.
EU voting rights plan lacks balance, Efama says
Representatives of the European asset management industry believe that lawmakers in Brussels need to step up their efforts to make sure that new voting rules for SMEs and scale-up companies strike a balance between the needs of investors and issuers. The proposal is also of importance to private equity firms investing in these companies.
ECB now awaits ‘range of new data’ before next decision
Christine Lagarde, the president of the European Central Bank, on Thursday declined to provide forward guidance on the direction of Eurozone interest rates but said that its decision in December will be made based on updated data on inflation and on the actual economic impact of its monetary policy.
Apex secures $400 mln in term debt to bolster growth
Apex Group on Thursday said it is poised for expansion after having secured 400 million dollar in term debt, aiming to boost liquidity and further organic and inorganic growth. The firm, financially backed by a group of four venture capital firms, is known to be vying for an initial public offering some time in the coming years.
Transfer Thursday: Capital Group, ECB, Moonfare
This week’s overview of transfers, appointments and promotions includes updates from Capital Group, Moonfare and the supervisory board of the European Central Bank.
Ucits funds becoming cheaper, global study finds
Investors in Ucits investments funds like those based in Luxembourg are paying about 1/5 less in operational charges after a decade-long reduction in such fees, according to a report by ICI Global, an association representing regulated investment funds. “Asset managers are responding to investors tastes by developing products that investors want.”
US outflows from sustainable funds accelerated in Q3
Outflows from sustainable investment funds in the United States accelerated during the third quarter, likely due to a political debate that is hostile to investing sustainably, according to the latest report on global sustainable fund flows by Morningstar.