Répartition des actifs

La sélection des titres de sociétés européennes cotées en Bourse exige une prudence toute particulière, à présent que l’Union européenne élabore une politique visant à promouvoir une autonomie stratégique.

Dear reader, with the power struggle between China and the U.S., geopolitics has made a comeback on the investor agenda. Reason for us as editors to create a series on geopolitics and investing. In seven episodes, we will discuss various geopolitical and market shifts that are changing the investor landscape, from Europe’s challenges to China’s rise, AI impacts and the global energy transition.

With a sophisticated dividend strategy, the Goldman Sachs Eurozone Equity Income Fund has been scoring above average for decades. “We spend our risk budget mainly on stock selection and do not deviate much from the benchmark in terms of sector and factor exposure,” said Nicolas Simar of Goldman Sachs Asset Management in an interview.

Pour DWS, les stratégies excluant les États-Unis sont prometteuses, dans la mesure où elles permettent aux investisseurs de gérer distinctement leurs investissements dans ce pays. Le promoteur d’ETF a récemment lancé le premier indice mondial sans exposition aux États-Unis. Cependant, les gestionnaires d’actifs ayant recours aux ETF dans leurs stratégies ne manifestent pas encore beaucoup d’enthousiasme. 

For years, it was taboo for funds to put money into arms manufacturers. Now, with the focus shifting to the protection weapons provide rather than the damage they cause, they are coming back into the picture as an investment. Asset managers fear being left behind in the market otherwise.

Equity investors cling excessively to certainties and undervalue innovations, leading to particularly strong return prospects for certain growth stocks, asserts Tim Garratt, an investment specialist at Baillie Gifford.

The European Central Bank (ECB) is charting a course of strategic patience, signalling a readiness for a gradual policy shift that could commence as early as June. Analysts uniformly anticipate that while the near term may see steady policy rates, a carefully orchestrated move towards easing is on the cards.

As the ECB prepares for its forthcoming rate decision on Thursday, leading financial analysts have shared their insights, painting a picture of what asset owners can expect in the coming months.

Sofia Harrschar, head of alternative investments & structuring at Universal Investment, delves into the shift towards alternative investments among institutional investors.

Sentiment around defence stocks appears to be on the upswing. Numerous investors previously avoided such investments, yet deglobalisation and geopolitical unrest have made the case for investing in defence more tenable.

Lors du Trends Investment Summit, qui s’est tenu le 13 mars à Bruxelles, CIO et stratèges en investissement de quatre grandes banques belges – Jürgen Verschaeve (KBC Asset Management), Maud Reinalter (Belfius Asset Management), Steven Vandepitte (ING Belgium) et Philippe Gijsels (BNP Paribas Fortis) – ont débattu de la gestion d’actifs en 2024.