Investissement

Manchester-based distressed debt trader Arrow Global Limited has announced it is opening an office in Luxembourg in order to benefit from the Grand Duchy’s position as a global investment fund hub and to put in place “the optimum infrastructure” to support investment strategies for its debt funds.

Pressed by persistently high inflation in the eurozone, the European Central Bank on Thursday may opt to double up on the 25 basis point rate hike that it has flagged already. Financial markets are increasingly bracing themselves for such a major increase, citing among others the euro’s recent weakness against the dollar.

As US companies revise their earnings forecasts en masse and fears of recession-induced defaults increase, some investors feel it’s a good moment to get into high yield corporate debt. The key question: what will be the nature of the upcoming recession?

“A rare opportunity to get into high yield,” noted bond strategist David Furey of State Street Global Advisors in a market review last week. “A fantastic buying opportunity for US high yield,” said Dutch investment advisory firm Candoris. 

Après avoir sous-performé au premier trimestre, l’indice des pays émergents a devancé le MSCI World au deuxième trimestre. Cette surperformance est intégralement imputable à la Chine, qui a terminé ces trois mois dans le vert, alors que la quasi-totalité des autres marchés d’actions subissaient des pertes considérables.

Semiconductors everywhere you look, the end of cash, the development of digital entertainment utilities and technology-driven warp speed healthcare innovation will be some of the trends, already visible today, that will define our lives in 2030, according to a long-term lookahead presentation by Capital Group. The overall message in was that yes, the world has changed, but there will still be plenty of opportunity, much of it related to technological development.

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.

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.

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.

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.

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.