Mandatum, UI launch secured loan fund as sub-Raif
Finland’s Mandatum Asset Management and fund services platform Universal Investment on Monday said they have launched a new open-ended Senior Secured Loan Fund for professional investors in Europe that will finance leveraged buyouts in Scandinavia and Europe. The fund is structured as a Luxembourg Raif and targets approximately one billion euro on the long term.
Pictet: equities underweight, downgrades Chinese stocks
Pictet Asset Management advises its clients to remain underweight in equities and maintained an overweight view on US Treasury bonds. In its latest market outlook, the Swiss-based firm said it reduced the risk in its portfolio by downgrading Chinese stocks to neutral.
Morgan Stanley IM: Bear Market Rally?
Evidence suggest that the recent strength in developed markets may just be a bear market rally with further downside potentially on the way. Here is how the GBaR team think about investment allocation to reflect the outlook.
Quintet says it remains committed to Dutch branch
Luxembourg-based Quintet Private Bank on Sunday said it remains committed to its InsingerGilissen unit in the Netherlands after news emerged at the weekend of another major departure of one of its investment teams, the second such exit in the space of two weeks.
Chart of the week: the yuan as sentiment indicator
With China using interest rates again to defuse the property crisis, and the Federal Reserve making clear in Jackson Hole that it will continue to tighten, the divergence in central bank policy between the two largest economies is increasing. This is not good news for the yuan, emerging market currencies and equities.
PGIM: Fixed Income ESG is Uniquely Complex. What Should Investors Consider?
Demand for fixed income ESG is strong and growing, yet considerations for these investments are distinct from equity ESG. Explore the analytical challenges and proposed solutions in our latest whitepaper.
Capital Group | Is the US economy already in recession?
Is the US economy in recession or not? That’s the question on the minds of many investors as US gross domestic product (GDP) declined for two consecutive quarters in the first half of the year, a commonly cited definition of recession.
Real estate funds vulnerable to liquidity risks, Esma says
European investment funds in real estate and alternative assets are vulnerable and could face liquidity risks in the event of a sudden investor sell-off, according to a senior official at Europe’s main financial markets supervisor, the European Securities and Markets Authority, or Esma. “It is one of the tricky issues here,” he said.
Top 5: quality equity funds
Factor investing, an investment approach that involves targeting specific drivers of return across asset classes, is attracting increasing interest from investors. Factors such as value, size and momentum have a long history in the investment world and have been extensively empirically researched and documented in the academic literature. Although there are different variations for these factors as well, the factor quality is perhaps the most debated, both in academia and in practice.
Investor confidence at highest level since January 2021
Investor confidence in Europe jumped in August and reached its highest level since January last year, according to the latest State Street Investor Confidence Index.
The investor confidence index, or ICI, for Europe jumped 20.4 points to 106 in August. Investor confidence in North America also increased, although merely 2.1 points to 106.5. The global investor confidence index rose to 107.3 in August, up from 102.2 in July.