Italy’s debt landscape: A déjà vu of 2012 or worse?
As Italy’s 10-year interest rate hovers around 5 percent, flashbacks to late 2012 become inescapable. A time not far off when Italy’s place in the Eurozone was in question. Could we be on the brink of another debt crisis?
Many in the investment world have a myopic view, focusing intently on ‘the spread’, especially with nations deep in debt. As per the International Monetary Fund (IMF), Italy currently boasts a rather ‘admirable’ debt-to-GDP ratio of 144 percent - and this pertains only to public debt.
A Nasdaq in Luxembourg? ‘I beg you. Build it.’
Luxembourg, take the initiative for a European Nasdaq market. Take your expertise in financial structures and pioneer this change, says Finnish VC investor Riku Asikainen, managing partner and founder of Evli Growth Partners, or EGP, which hosts one of Europe’s biggest scale-up breeding grounds.
Luxembourg funds to become subject to new regime in UK
The Financial Conduct Authority (FCA), the UK’s financial supervisor, plans to introduce a new overseas funds regime in April next year, as part of Britain’s post-Brexit framework for authorising non-UK investment funds to reach British investors. It plans a consultation before the regime takes effect.
Geopolitical tensions reshape investors’ trust in Treasuries
The escalating conflict between Israel and Hamas challenges the appeal of US government bonds as a traditional safe haven.
Typically, geopolitical tensions drive short-term market moves towards safer assets like cash and US government bonds. However, on Wednesday, the yield on ten-year US government bonds increased by 0.07 percentage points to 4.9 percent, its highest since 2007. The 30-year bond yield also rose to 5 percent.
Despite growth, private assets remain concentrated
Luxembourg’s alternative investment funds (AIFs) continued to show resilience and growth last year, even amid economic headwinds, navigating economic challenges with private equity funds at the forefront of market momentum, according to the latest annual market overview by the Grand Duchy’s financial supervisor.
Nordea AM : Engage for change
We believe a significant factor in unlocking value in these businesses is convincing the wider market of their improving sustainability and ability to generate positive returns in the future green economy.
Investors may draw short end in tussle over retail strategy
The industry’s objections to a divisive EU Retail Investment Package are being heard in Brussels, it has become clear in recent weeks. Investors could end up pulling the short straw, critics argue. ABBL says a clearer definition of retail investors is important for private banks and wealth managers.
Investment fund costs swing widely, Fitz data shows
Investment fund costs for both retail investors and institutions have become more volatile in 2022, according to data analysed by London-based Fitz Partners.
About one third - or 35 percent - of funds whose fees were changed last year have witnessed an increase in their charges to investors, with institutional equity funds leading the charge, according to data on around 40,000 fund share classes analysed by Fitz.
I do not regret that my crypto investments lost money
It was 2020, and there were countless stories of young investors becoming millionaires overnight by investing in cryptocurrencies like Bitcoin. I didn’t want to miss out, so I decided to invest a modest amount of 2500 euros.
Curiosity
The possibility of becoming a millionaire was enticing, but I also saw this as a way to educate myself about a ‘new’ concept called blockchain. This technology was the foundation of cryptocurrencies and was set to transform countless industries.
Transfer Thursday: CKP, La Française, Linklaters, Allianz
This week’s overview of transfers, appointments and promotions includes updates from Linklaters, Allianz Global Investors and La Française.