Investissement

The ambition of the financial sector to further democratise private markets in the Netherlands is not yet convincingly reflected in practice.

Federal Reserve Chairman Jerome Powell’s recent announcement that U.S. interest rates will hold steady at 5.25% to 5.5% has sparked a debate among investment professionals about what would be best for asset owners: a «soft landing» or a full-blown recession?

Panel discussions at Alfi’s Global Distribution Conference on Wednesday exposed differing viewpoints on the definition of a retail investor, casting a shadow over prospects for success for the next generation of European Long-Term Investment Funds, or Eltifs.

Registrations of reserved alternative investment funds took a very relaxed late-summer break during August, quietening to a level last seen early in the Raif product’s history — in January 2019. Only 15 new funds were registered during the month, according to the latest update of the Luxembourg Business Registers Raif listings.

Market participants are bracing for an unexpected — and for a long time, unthinkable — interest rate hike by the Bank of Japan (BoJ). In an interview on Saturday, BoJ Governor Kazuo Ueda indicated that he is considering raising rates «provided wages and prices continue to rise sustainably.»

Routes à péage, services aux collectivités, aéroports, énergies renouvelables ou encore centres de données : ces actifs très divers se classent tous dans la catégorie des infrastructures. Si les différents sous-secteurs ont un certain nombre de points communs, et notamment des barrières importantes à l’entrée et un fort pouvoir de fixation des prix, ils se distinguent par l’effet inégal de l’inflation et du risque de taux. 

Pension funds are keen for asset managers to increase allocations to India, some advocating for a 20% allocation in their emerging markets portfolio. India’s growth trajectory could potentially eclipse China’s, given its focus on the service sector rather than manufacturing. At its European Media Forum on Friday, Edinburgh-based Baillie Gifford also acknowledged burgeoning opportunities in Latin America and Indonesia, particularly due to the increasing connectivity and the unfolding global energy transition.

Reserved alternative investment fund registrations (Raifs) in July continued a moderate recovery from a slowdown earlier this year, with 31 new Raifs added to the Luxembourg Business Register list.

En 2022, la population mondiale a dépassé la barre des 8 milliards d’individus. C’est bien plus qu’en 1950, lorsque la planète ne comptait que 2,5 milliards d’habitants. Depuis 1975, l’on compte un milliard d’individus en plus chaque 12 ans environ. L’Organisation des Nations Unies estime qu’en 2050, notre Terre hébergera 10 milliards d’habitants. Or, tous ces individus doivent avoir accès à des aliments sains et nutritifs ; pour autant, il est essentiel de ne pas franchir les limites planétaires.

Chinese growth is disappointing. Global asset managers are liquidating large parts of their equity positions in the country, resulting in falling share prices. It seems like a godsend for bargain hunters, but passionate China investors are also on their toes.

China is not growing fast enough, so investors have been liquidating their positions in Chinese stocks at an unprecedented rate.