Invesco launches actively managed metaverse fund
Global asset manager Invesco has launched an actively managed, 30 million dollar investment fund focused on metaverse companies. The Invesco Metaverse Fund will be domiciled in Luxembourg and will be distributed to investors across Europe.
The metaverse is defined as a virtual-reality space in which users can interact with a computer-generated environment and other users. Virtual and augmented reality has the potential to add some 1.7 billion euro to the world economy and approximately 23 million jobs by 2030, according to consultancy PwC.
Han Dieperink: interest rates must rise further
The US equity market has rebounded some 15 percent from its low in June, helped by hopes of a Fed turnaround, better-than-expected corporate results and investors who were gloomy but invested.
The June low remarkably coincided with the peak in earnings expectations for 2022 and 2023. This means the entire price recovery can be attributed to higher valuations, made possible by lower interest rates. The fact that corporate earnings were better than expected, however, says more about expectations than about the underlying earnings trend.
DNCA Finance sees new niches emerging in sports
Boris Radondy, manager of the DNCA Global Sport Equity fund, expects strong growth in the sports sector over the next few years and believes it can present predictable long-term growth.
DNCA Finance’s integration of Ostrum Asset Management in October 2020 added a team of 21 people and 7 billion euro in assets under management, mainly in equity and convertible bond management.
Quintet: InsingerGillissen Dutch team joins Auréus
A Rotterdam-based investment team of four people representing InsingerGilissen, part of Luxembourg-based private bank Quintet, has transferred to Auréus, an independent Dutch asset manager that has been gaining scale through acquisitions and alliances in recent years.
Aegon AM: How can asset managers support the climate transition?
As we are all well aware climate change is becoming an increasingly important topic. And there is special attention to see what the financial industry can do in limiting global warming and supporting that transition to net zero.
PGIM Investments: Stagflation Is Here. Is Recession Next?
Central banks continue to walk a tightrope as they look to address intensifying inflation but risk overtightening. PGIM Quantitative Solutions’ third-quarter outlook examines how the downshift in global growth may play out.
Voting rights: a way to weigh on climate transition
Over the years, Active Ownership is becoming spready practiced by investors who want to play a role in influencing the activities or behavior of investee companies.
AXA IM : High yield bonds: Will the rebound continue?
Fixed income investors have endured a harsh first half to 2022 but we see opportunities emerging in high yield bonds
Credit Suisse hires Quintet’s Purcell for sustainability
Former UBS director James Purcell has left Luxembourg-based private bank Quintet and joined Credit Suisse as head of sustainability. Purcell will report directly to Credit Suisse’s chief sustainability officer, Emma Crystal.
After more than a decade at UBS, Purcell in 2020 joined Quintet as group head of sustainable, thematic and impact investments. At UBS he held similar positions between 2009 and 2020. His appointment at Credit Suisse took effect this month.
BlocHome offers alternative approach to home ownership
An innovative start-up in Luxembourg is looking to democratise housing markets by tokenising homes. Leveraging the blockchain, BlocHome lets its clients partially own the home they live in. On the part they do not own they pay rent. “The more you are owner, the less rent you have to pay.”