In popular private markets, the red flag is raised later
In public markets, a well-known proposition is that at the moment that everyone steps in, the red flag should be raised: probably the best time is over. Investors in private markets, where effects are generally felt later, do not worry so much. Besides, there is not much you can do as a private investor.
State Street en tête du top 5 des fonds d’actions internationales
Les nuages toujours plus nombreux qui viennent voiler l’horizon des investisseurs et les craintes croissantes de récession ont dominé en ce deuxième trimestre très mitigé, où les actions mondiales ont subi de forts dégagements. Le S&P 500 a signé son pire semestre depuis 50 ans, avec un plongeon de 20 %, en USD.
« Nous recherchons des stratégies de durabilité plus raisonnablement valorisées »
Les gestionnaires et distributeurs de fonds sont actuellement activement occupés à positionner leurs fonds dans le cadre de la directive MiFID II en ce qui concerne les préférences des investisseurs en matière de durabilité. Chacun doit être prêt pour le 2 août. Et trouver des stratégies durables sans filtre croissance (agressif) plus raisonnablement valorisées n’est pas une sinécure.
Chart of the week: don’t be blindsided by recession
The ISM Manufacturing Index, also known as the purchasing managers› index, fell more than expected in June. The index dropped to 53 where a reading of 54.5 was expected. This was not really a surprise, as the regional sentiment indicators had already fallen significantly.
In fact, they pointed to an ISM Manufacturing of only just above 50.
Top 5 inflows to Article 8 and 9 funds: Fundsmith leads
Sustainability funds have been selling like hot cakes in recent years. Not surprisingly, many fund houses like to see their funds classified as Article 8 or 9 under the SFDR. After all, these are the funds where sustainability criteria play a role in the investment process. We provide an overview of the most popular equity funds within this group over the past 12 months.
ABN Amro: la probabilité d'une récession profonde dans la zone euro existe
ABN Amro prévoit une récession profonde dans la zone euro et au Royaume-Uni l’année prochaine si la Russie stoppe brutalement l’approvisionnement en gaz. ING qualifie aussi une crise du gaz comme « un des principaux risques pour la zone euro ».
First German trade deficit in 31 years shows EU’s vulnerability
Germany surprised on Monday by unexpectedly reporting its first trade deficit since 1991. The reversal of the trade balance in Europe’s largest economy shows how difficult it is for German companies to handle rising costs of oil and gas. Economists at ABN Amro and Nomura meanwhile expect Europe will enter into a recession.
Pimco: next five years will be anything but normal
The global macro environment will continue to be anything but normal over the next five years. Investors will have to tread a volatile and challenging path. “Our expectations for a more volatile macroeconomic and market environment call for low and realistic expectations for asset market returns over the secular horizon.”
La seconde moitié de l'année sera-t-elle meilleure ?
Dire que le premier semestre n’a pas été bon est l’euphémisme de l’année 2022 sur les marchés financiers. Mais qu’apportera le second semestre ?
Le premier semestre 2022 a été le pire depuis 1970 pour le S&P, le pire depuis la bulle Internet de 2002 pour le Nasdaq et le pire depuis 2008 pour l’Eurostoxx 600.
Wider access to private equity for HNWIs not without risk
Private Equity in the coming years is set to attract a wider range of investors, in particular those who are considered High Net Worth Individuals. But the expansion of what still largely is seen as a private club does not come without risk, a conference organised by the Luxembourg Private Equity Association has heard.