ECB frustrated by strong euro, shows its inconsistency once again
It was June 2008 when I flew to New York to meet Paul Volcker for the first time. That trip is memorable for two reasons: first and foremost, of course, for the opportunity to sit down and talk with Volcker. But also because that week, EUR/USD reached its all-time high, just shy of 1.60.
Strong euro clouds Lagarde’s roadmap
The ECB may be standing still in terms of monetary policy but the ground beneath is shifting. The strong euro complicates the picture.
Brussels readies ‘nuclear option’ as tariff deadline nears
With just one week to go until the U.S. deadline of August 1, European policymakers are finalising retaliation measures that could place transatlantic relations under severe strain.
Private banks race for growth as ‘hunters’ return to favour
Private banks race for growth as ‘hunters’ return to favour. Who wins the client, and who keeps them loyal?
Transfers: Apex, EY, DWS, CMS, Aberdeen, Coutts, GAM, HSBC
This week’s overview of people transfers and appointments includes updates from Apex, EY, DWS Group, Aberdeen, Coutts, GAM and HSBC.
How Active ETFs Can Help Investors Fine-Tune Portfolio Construction
Active ETFs deliver the advantages of active management and the ETF wrapper. Thanks to this unique combination of benefits, active ETFs offer investors a flexible, efficient complement to existing allocations that can help diversify their portfolios.
Frontier, emerging, and developed markets
Vietnamese finance minister Nguyen Van Thang met with representatives from FTSE Russell last week to discuss the potential reclassification of Vietnam’s capital market. This marks an important moment in Vietnam’s journey from frontier market to emerging market status in 2025—a long-awaited upgrade that has been on the table since 2018.
Semi-liquid strategies test Partners Group’s resilience
First-half numbers posted last week by Partners Group, followed by a sober warning from Morningstar on Monday, suggest that momentum in semi-liquid evergreens may stall if returns continue to disappoint.
RBC BlueBay: A 'cold' moment for Trump
Trump piles pressure on Powell, bond market already priced in new Fed chair.
‘EMD is more than a currency play’
Investors still too often view emerging market debt (EMD) as a simple choice between hard and local currency. That’s a missed opportunity, says Cathy Hepworth, who established PGIM Fixed Income’s EMD team 30 years ago. According to her, the true strength of the asset class lies in its diversity.