Back to business, discover our convictions for the remainder of 2025
Politics dominate in the U.S. and Europe. France faces instability; the U.S. economy stays resilient despite inflation risks and the Eurozone shows gradual recovery, with Germany leading and the ECB remaining cautious.
Critics fear EuroPension repeats mistakes that doomed PEPP
Europe’s pensions supervisor is relaunching the failed Pan-European Personal Pension Product under a new label, EuroPension. Critics warn the project risks repeating past mistakes: too complex to compete with low-cost ETFs, too weak to rival national schemes, and too focused on capital markets at the expense of statutory pensions.
Article ETF Snapshot: Summer break 2025 – it’s been a hot one!
US$62.3bn of NNA was gathered in two months, bringing YTD to US$226.5bn—74% into equities. US beta led August inflows, surpassing Global Equities. The USD shifted from return driver to risk in 2025—explore ideas to position for this change.
ING integrates Luxembourg unit into Global Investment Centre
ING has brought all its investment expertise together in a newly established Global Investment Centre, effective 1 September. The unit is headed by Chris van Schuppen, who until this summer held senior roles at ABN Amro.
Call for European investment savings plan modeled on Sweden
Sweden has encouraged 3.8 million households to start investing through a tax-friendly savings plan. Industry voices are calling on Europe to follow the Swedish example to help channel the 1,400 billion euro in household savings into investments.
Chart of the week: fresh start
What could hardly be considered a surprise anymore still turned into one. The annual revision of US job growth came in even bigger than expected. As anticipated, it triggered a flood of reactions—though often the wrong ones.
Morningstar: Pimco vs Bluebay in Euro bond funds
Pimco and Bluebay take different but equally sophisticated approaches to Euro bond investing, with both managers making active use of derivatives to steer portfolios, manage risk, and seize relative value opportunities. Their strategies highlight how synthetic instruments, often seen as opaque, can serve as powerful tools in fixed income investing.
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Investment Officer is published by Investment Publishing International, which is part of the FD Mediagroep.
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Investment Publishing International BV, the publisher of Investment Officer, is part of FD Mediagroep.