Schroders: How has coronavirus impacted the energy transition?
The spread of Covid-19 is affecting all walks of life and the energy transition sector is no exception, but we believe the long-term opportunity remains intact.
'Up to 40% of Stoxx 600 to scrap dividend'
A quarter of the 600 largest listed companies in Europe have already suspended or cancelled dividend payments for this year, according to a study by Germany’s DZ Bank. As a consequence, total dividend payouts are to fall by some €310 billion.
The bank’s analysts write that ‘an unprecedented cancellation of dividend payments is rolling over European stock markets’. They estimate 2019 payouts to fall by 23%, or €310 billion.
Record outflows for investment funds in March
A record of €246 billion flowed out of investment funds last month, surpassing redemptions seen even during the darkest months of the great financial crisis. Commodity funds were the only ones to weather the negative trend, thanks to high demand for gold.
Capital Group: Where do stock markets go from here?
Wild fluctuations in stock markets resulting from the coronavirus pandemic have tested the resolve of many investors.
Welcome to investmentofficer.lu
Welcome to investmentofficer.lu, a brand new publication dedicated to Luxembourg’s fund industry. With the launch of investmentofficer.lu, our platform is now active in all three Benelux countries.
We started in August 2008 in the Netherlands with fondsnieuws.nl, now the country’s biggest platform for investment professionals. We expanded to Belgium in 2018 with the bilingual platform investmentofficer.be, which up until now has registered users representing more than 500 companies.
'Lack of guidance requires top-down approach'
The earnings season has started in Europe. But it’s a rather strange one. ‘All companies have stopped issuing guidance,’ observes Gilles Guibout, head of European shares at AXA IM. ‘That makes it difficult for bottom-up investors. So more than ever, we need a top-down approach now.’
UBS AM: ‘Chinese government bonds are becoming a safe haven’
Investors look for diversification and low volatility and Chinese bonds score well on these two measures.
Covid-19: one more hit for embattled private banks
Equities – down. Fixed income – down. Precious metals – down. Commodities – down. These have been a strange, potentially frightening few weeks for all investors, including private bankers.
Morningstar acquires Sustainalytics
Investment data and research provider Morningstar is acquiring full ownership of Sustainalytics, the ESG ratings agency. Morningstar already owned a 40%-stake in the company.
CSSF steps up fund monitoring to prevent liquidity squeeze
European regulators are trying to prevent a liquidity crisis caused by excessive outflows from investment funds in the wake of the coronavirus crisis. The CSSF has joined other European regulators in asking asset managers for large amounts of information about their ability to repay investors.
French and German financial regulators are asking for daily updates on outflows from open-ended funds, while stock market watchdogs in Luxembourg and Ireland have also stepped up their oversight, the Financial Times reported on Monday.