Investissement

Après être restées dans l’ombre pendant des années, les obligations des marchés émergents libellées en devises locales figurent parmi les fleurons de la sphère obligataire en 2023. 

Despite declining valuations in private equity, Schroders Capital’s European private equity chief Richard Damming remains confident, dismissing concerns as mere industry «noise».

In the face of fluctuating private equity valuations, Damming reassures that they remain undeterred. «You sell a company at the price you want to sell it for, and otherwise you don’t sell it,» says the head of Schroders› European PE branch. 

Outflows from sustainable investment funds in the United States accelerated during the third quarter, likely due to a political debate that is hostile to investing sustainably, according to the latest report on global sustainable fund flows by Morningstar. 

Les gestionnaires de patrimoine constatent qu’une grande majorité de leurs clients accusent un net retard dans la réalisation de leurs objectifs d’investissement du fait de récente volatilité des marchés boursiers.

With 29 new funds registered, last month was the best September in three years for new Raifs issuance, data analysis by Investment Officer Luxembourg shows. Raifs are Reserved Alternative Investment Funds. In Luxembourg these vehicles in recent years have gained significant international traction among those active in private assets such as credit, real estate and private equity.

US 10-year yields have risen above 5 per cent. As a result, earnings yield - the inverse of the P/E ratio - has fallen below bond yields for the first time this century. With that, equities look vulnerable. The days of TINA are over for good, there is an alternative again and that is bonds.

« Rétrospectivement, nous aurions pu être un peu plus assertifs concernant les actions américaines », estime Luc Aben. L’économiste en chef de Van Lanschot Kempen opte actuellement pour une légère sous-pondération des actions, avec un accent régional sur le Japon.

Les risques d’escalade du conflit opposant Israël au Hamas sapent l’intérêt pour les obligations d’État américaines comme valeur refuge. 

Luxembourg, take the initiative for a European Nasdaq market. Take your expertise in financial structures and pioneer this change, says Finnish VC investor Riku Asikainen, managing partner and founder of Evli Growth Partners, or EGP, which hosts one of Europe’s biggest scale-up breeding grounds.

As Italy’s 10-year interest rate hovers around 5 percent, flashbacks to late 2012 become inescapable. A time not far off when Italy’s place in the Eurozone was in question. Could we be on the brink of another debt crisis?

Many in the investment world have a myopic view, focusing intently on ‹the spread›, especially with nations deep in debt. As per the International Monetary Fund (IMF), Italy currently boasts a rather ‹admirable› debt-to-GDP ratio of 144 percent - and this pertains only to public debt.