The discussion on active management versus passive management has intensified during the last year given the high demand that indexed products have generated among investors and the volume of investment they have captured. However, according to a study conducted by Agnieszka Gehringer and Kai Lehmann,
Expectations of market consensus that expected a continuation of a global environment of synchronized growth that characterized the previous 18 months have been under pressure in 2018. Driven by the Trump administration's tax cuts, growth in the United States was expected to be robust ,
Representatives of IDB Lab, the innovation laboratory of the Inter-American Development Bank (IDB) Group, together with representatives of the world's leading technology and consulting companies, allied for the launch of LACChain, a platform to promote the use of Blockchain in Latin America and the Caribbean.
The strength of the dollar, political risks and international trade tensions are three of the shadows that lurk in emerging markets and that have alienated investors from these countries. However for Pictet AM do not rush.
The total value of IPOs in the world will close 2018 with an increase of 5%, driven by Tencent Music and SoftBank transactions, even though the global volume decreased by 17% due to uncertainties surrounding trade protectionism and the resolution of Brexit, according to a study prepared by Baker McKenzie.
The application of new regulations and constantly changing business models will make 2019, in the opinion of BNP Paribas Securities Services, a crucial year for the financial industry at any point of the geography.
The world economy continues to expand, but there are some signs that growth may have peaked as the economies of the United States, Europe and Asia slow down. The global purchasing managers' indexes (PMI) have declined as export orders have slowed and the latest estimates put US GDP growth in the fourth quarter at 2.5% after growth of 3.2 % in the third quarter.
Santander Wealth Management , which brings together Banco Santander's private banking and asset management business, estimates that in 2019 global growth will register a slowdown, but moderate, and suggests that the expansionary cycle will continue and remain solid.
According to Cerulli Associates , independent brokers / dealers (IBDs) have recorded a five-year compound annual growth rate (CAGR) of 11%, which exceeds B / D of banks (9%), as well as the national and regional B / Ds (9%) and almost double that of the wirehouses, of only 6%.
Leading global payments and technology company Mastercard and Africa’s leading payment service provider, DPO Group have announced a collaboration to enable more than 40,000 African merchants to accept Mastercard payments, connecting more people and businesses to the global economy. The collaboration will enable DPO to act as
While the global economic climate should remain broadly favorable for the credit risk components of fixed income in the next year, the cycle is approaching its inflection point, where the improvement in fundamental trends shifts towards the neutral and valuations in most asset classes leave little room to absorb tail risk shocks.
Bankia concludes the reorganization of the insurance business derived from the integration of BMN after signing two agreements with Mapfre and Caser.
The office market continues to offer the best investment opportunities in real estate in Europe, according to the latest report prepared by the international consultancy Savills Aguirre Newman . The impulse of the market of investment of offices in the continent is fomented by the enterprise expansion, the growth of the use and an important demand of new spaces of work that include all the technological advances and of innovation.
Participant Capital , a subsidiary of Royal Palm Companies and developer of the exclusive PARAMOUNT Miami Worldcenter, Esplanade Grande of West Palm Beach and PARAMOUNT Bay in the Edgewater district of Miami, has selected FlexFunds as the preferred international investment vehicle for real estate distribution. The Royal Palm Companies projects have attracted investors from more than 60 countries, together with the main financial and development partners of the global property market.
The revolution of the shared economy opens up new financing opportunities for entrepreneurs in a scenario in which risk contrasts with opportunity. Financing has been and always will be a dilemma for entrepreneurs.
On his third leg of a cross-country tour, Saudi Arabia's King Salman bin Abdulaziz announced SAR 7 billion ($2.9bn) worth of development projects – including in education, infrastructure, parks and housing - in the northern region of the kingdom in Tabuk, the province that will one day be home to the Amaala megaproject along the Red Sea coast.
Looking to the last quarter of the year, Allianz GI experts met at the London Investment Forum to discuss the state of the global economy and discuss how investors should approach markets. The consensus was clear: the global economy is still functioning quite well, but politics and trade will lead markets in increasingly unexpected ways.
After a break in the second quarter, inflows accelerated again in the European ETF market: the new net assets amounted to 11,600 million euros in the last three months, bringing the total to 37,000 million in 2018, according to the latest analysis of Amundi ETF.
Strengthening sustainable energy in Lebanon, the European Bank for Reconstruction and Development (EBRD) and Bank Audi, the largest bank in Lebanon, are joining forces by providing US$ 100 million each for green projects. This includes the first loan under the EBRD’s Green Economy Financing Facility (GEFF) for the country.
Saudi Arabia continued its efforts to improve the business climate for domestic small and medium sized businesses, says the World Bank Group’s Doing Business 2019: Training for Reform report, released today.
According to the first estimates obtained by the Association of Capital, Growth and Investment ( Ascri ) through the European platform EDC, the volume of investment in Spain reached in the first half of 2018 the figure of 3,064 million euros in 334 investments.
The concern for fixed income has become widespread and, to the caution in the face of government debt and high yield, corporate credit, emerging debt, peripheral debt and flexible funds have joined. According to the last Barometer of Spanish careers of Natixis IM, conservative portfolios respond to the problem of fixed income with two opposite management styles: delegation vs. management.
According to the recent global fixed income confidence survey ( 2018 MFS® Global Fixed Income Sentiment Survey ) commissioned by MFS Investment Management, confidence in actively managed fixed income investments far exceeds confidence in passive investments between the Spanish financial advisors
The assets of mutual funds fell by 2.6%, from 272,703 million euros in September 2018 to 265,734 million euros at the end of October, according to the latest data provided by Inverco. In principle, the intense corrections in equity prices explain this adjustment of 6,963 million euros.
International connectivity through trade, investment, migration, communications, and transport is critical to economic development in Europe and Central Asia. These connections work together to help firms become more productive through knowledge and technology transfers, says a new World Bank report, Critical Connections: Promoting Economic Growth and Resilience in Europe and Central Asia.
Today, Piovan, a leading automation solutions provider, started trading on the Milan Stock Exchange following the successful completion of its IPO. UniCredit acted as a Joint Global Coordinator in the transaction.
EBRD President Suma Chakrabarti reaffirmed today in Istanbul the Bank’s strong commitment to the Turkish economy and its private sector on his second visit to the country this year.
The EBRD and Waterfall Asset Management are joining B2Holding in investing in an non-performing loan (NPL) portfolio originated by Alpha Bank, a leading Greek lender. The EBRD’s portion will be €25 million.
Take a $59-million systems integration and networking firm serving the federal government. The owner of the company, which had 660 employees, wouldn’t delegate any responsibilities. The firm had a 42% turnover rate, hadn’t won a major contract in four years, was losing money and had no cash.
It has been almost a year since JP Morgan Asset Management launched its first ETFs in Europe. At that time they were ETFs of fixed income and liquidity, as well as alternative beta. Now, it announces the launch of three new ETFs of equities of active management for next October 16 , which will be listed simultaneously in several European exchanges: (London Stock Exchange, Deutsche Boerse Xetra, Borsa Italiana, SIX Swiss Exchange).
The workplace practices of most intelligence agencies are not keeping pace with the changing nature of the intelligence business. Intelligence today is highly dependent on global networks of sensors, including unclassified sensors not owned or operated by the U.S. government. And while most global enterprises embed their employees
CASCAID Americas is another example of the industry turning its attention to supporting others. It’s an initiative set up in 2017 in UK that brings the asset and wealth management community together to raise money for charities.
Following the adoption of a new country strategy for Uzbekistan, the EBRD is providing funds for the development of sustainable solutions for the municipal and power infrastructure sectors in the country.
Trade Ready, a new EBRD trade support initiative, was introduced in Georgia today to benefit the country’s small and medium-sized enterprises (SMEs) working to improve their competitiveness to succeed in international markets.
Cryptocurrencies rallied as optimism spread surrounding Ripple Labs’ plans for using a digital coin, lifting peers that have lost more than $600 billion of value since January.
Alam Steel, a steel processing and distribution company in the UAE, plans to seek mergers and acquisitions from 2019 as it capitalises on the rise in the construction and energy industries that is boosting demand for its products, its chief executive said.
From 8 to 19 October 2018, BNP Paribas is organising Diversity and Inclusion Weeks to increase BNP Paribas staff members’ awareness of the importance of promoting and respecting corporate diversity as a recognised driving force for performance and growth.<
The current credit cycle is being prolonged in an unusual way; However, the analysis of our credit equipment with investment grade rating on the possible " catalysts " of a change in the cycle suggests that we are not yet in a particularly dangerous phase
EBRD and EU support first Moroccan business under Value Chain and Competitiveness Programme in Morocco
Addressing the growing challenges that the agribusiness sector faces in the EBRD regions, the Bank has launched its new strategy for the sector for the period 2019 to 2023.
Abu Dhabi is luring a rising number of financial technology firms from the Middle East and beyond to its shores through new funding, mentorship and regulatory schemes, as part of its strategy to grow the UAE's digital economy.
The EBRD is providing a five-year loan of US$ 7.5 million to Kervan Gıda Sanayi ve Ticaret A.Ş., the leading exporter of jelly products in Turkey.
The renewal of Serbia’s state railways will take a further step forward thanks to a €22 million loan package provided by the EBRD. The funds will finance infrastructure upgrades as well as the introduction of a new ticketing system and measures for energy efficiency.
In their third joint transaction, the European Bank for Reconstruction and Development (EBRD) and the Industrial Development Bank of Turkey (TSKB) are providing a €6 million loan to the Turkish metal producer Sarbak Metal Ticaret ve Sanayi Anonim Sirketi.
A spring awakening is sweeping through Asia’s financial markets, which have become increasingly popular among investors. Asia constitutes a strong growth region, notably for BNP Paribas Asset Management. The Group has positioned itself as a leading investor in the region, while integrating Environmental, Social and Governance (ESG) criteria into its asset management.
Adding convertible bonds to a traditional portfolio of shares, bonds and alternative assets has several advantages, especially in the current economic environment, estimate the experts of NN Investment Partners, which in recent weeks have detected a growing interest of investors in these strategies.
Supporting the expansion of international and intra-regional trade in Egypt, the European Bank for Reconstruction and Development (EBRD) is providing a new US$ 50 million trade facility to Banque Misr, Egypt under the EBRD’s Trade Facilitation Programme (TFP).
Federal Electricity and Water Authority has signed a new cooperation and partnership agreement with National Bank of Umm Al Quwain, under which the Bank will provide bill payment services to its customers through its various branches inside and outside the UAE. The agreement was signed by Sheikha Murad Al Blooshi, Director of Revenue and Credit Department and K Balasubramanian, Deputy Director General of the Bank.
The advent of new technology with the backing of a world of e-commerce has truly changed the face of modern-day businesses or for the fact anything successful. Needless to point that today the world has become fast, faster and fastest paving way for latest techno gadgets which add color, meaning to one's life.
Renewable energy sources, including solar and wind, accounted for almost two-thirds of net new power capacity around the world in 2016, with almost 165 gigawatts (GW) of power coming online in 2016. Renewable electricity capacity is also forecast to expand by over 920 GW between 2017 and 2022.
According to the latest Preqin survey on alternative asset investors, institutional portfolios of alternative assetsare becoming more diverse: in June 2015, 39% of investors allocated three or more different alternative assets; that figure is now 50%. In all asset classes, investors explained that diversification is a main reason to invest in alternative assets.
The EBRD Board of Directors has approved a new strategy for Uzbekistan which sets out the Bank’s priorities in the country for the next five years. The strategy reflects recent changes in the country’s political and macroeconomic environment and is aimed at the creation of an open, integrated and export-driven economy.
Through this partnership, BNP Paribas will offer to its clients Cashforce’s next-generation digital cash forecasting and treasury management solutions, focused on analytics, automation and integration.
ABN AMRO, together with 14 of the world’s largest financing, trading and production institutions, has launched Komgo SA. This venture digitalises trade and commodities finance processes through a blockchain-based open platform and will transform the way these operations are processed.
Sustainable investment is well established in the West, but there are those who doubt its viability in emerging markets, since they must deal with more transcendental issues. In fact, experience shows that emerging markets represent both a huge investment opportunity and a set of risks and challenges in terms of environmental, social and corporate governance (ESG).
The market is in a dynamic of change and for PIMCO this does not have to be something negative for the investor, but an opportunity to capture good investment options. In this sense, the firm defends five assets that can contribute and help to position the investors' portfolios.
The adoption of disruptive blockchain technology has also allowed the promotion of a new wave of assets linked to this technology
The EBRD stands ready to scale up its investment in Romania, the Bank’s President, Suma Chakrabarti, said during a visit to Bucharest which he concluded today.
People and businesses in the Republika Srpska, one of the two entities of Bosnia and Herzegovina, will benefit from a more reliable power supply and improved energy efficiency thanks to a loan provided by the EBRD with the support of Taiwan ICDF.
Private enterprises in Serbia will benefit from improved access to finance under a new €20 million line which the EBRD is providing to Addiko Bank a.d. Beograd for on-lending to small and medium-sized enterprises (SMEs).
In the year 2000, Blockbuster rejected several times the purchase of Netflix for 50 million dollars. Eight years later, the gigantic video store chain suspended payments, while the stock market valuation of Netflix already exceeds 150,000 million.
In the year 2000, Blockbuster rejected several times the purchase of Netflix for 50 million dollars. Eight years later, the gigantic video store chain suspended payments, while the stock market valuation of Netflix already exceeds 150,000 million.
Too often, companies die unnecessarily because most business leaders haven't learned to recognize the symptoms of oncoming illness in their business. Leadership hasn't had to deal with it in the past and is ill-equipped.
The EBRD is extending its first-ever local currency loans in Belarus by providing lines of credit to its long-term financial intermediaries Minsk Transit Bank (MTBank) and Belarusky Narodny Bank (BNB-Bank) for on-lending to small and medium-sized enterprises (SMEs) across the country.
WisdomTree has announced the launch of two ETFs based on multiple factors and managed transparently. These are the WisdomTree Emerging Markets Multifactor Fund and the WisdomTree International Multifactor Fund, both listed on the NYSE Arca.
Bank of America today announced that it surpassed 36 million digital banking clients across its online and mobile banking offerings. This includes more than 25 million clients using the bank’s mobile app, which continues to add thousands of new users every day.
JPMorgan Chase Offers Easy-to-use Tools for Investors to Get and Stay Invested
Half of working-age women across the world (51 per cent) fear they will not be able to afford basics such as food and heating during their retirement, a new global report from HSBC reveals.
As investors in the municipal bond market, we recognize how difficult it is for active managers to add value when investing in one of the bond markets with the highest credit quality.
After a delay of 18 months due to antitrust objections raised by the US Department of Justice. In the US, many believe that the $ 85 billion acquisition of the Time Warner media group by telecommunications giant AT & T in June will boost important agreements in the telecommunications and media sectors in the coming months.
On August 28, the Chamber of Commerce of Spain in the United States, together with the rest of the European chambers present in Miami, will hold an event to promote entrepreneurship in Florida.
The fixed income market loses its appeal in an environment marked by rising interest rates in the medium term and unattractive returns. As a consequence, investors are retiring from this class of more traditional assets and looking for profitability, assuming, of course, a little more risk. But, what if this trend was telling us something else?
The European Bank for Reconstruction and Development (EBRD), the European Investment Bank (EIB) and the World Bank Group (WBG) are launching a new round of enterprise surveys in more than 40 countries in Europe, Central Asia, the Middle East and North Africa.
The last meeting of the Fed in July left a very decaffeinated feeling to investors, who believe that the next rate hikes will be announced in September and December. In the statement issued on that occasion, the Fed emphasized the strength of the labor market and the US economy, which promises a strong rate of growth.
Unicorn Companies??Curious to know what are they? Definitely yes. These companies although supposedly very rare, however, contribute a lot towards business as they are either privately owned or startup's with a valuation of more than over $1 billion.
Political uncertainty has returned to Europe, but analysts at Lazard Fund Managers estimate that the eurozone economy remains strong enough to withstand these turbulences. The economic momentum in the region is positive, backed by a central bank that continues with accommodative policies, in contrast to the Federal Reserve, which is on the brink of slowing down.
Historically, there are three sales signals in emerging market cycles that investors must see before they start buying again.
General Motors’ Customer Care and Aftersales division today announced the launch of the GM Collision Repair Network at NACE Automechanika Atlanta, a trade show dedicated to the automotive collision industry.
The truth is that there is always a bull market somewhere. For starters, from Fidelity we believe that investors should put their money in values with specific situations: one thing that can be sure in the final part of the cycle is that the dispersion will increase and that many opportunities will arise to increase or decrease the relative profitability.
Fair value accounting (FVA) refers to the practice of updating the valuation of assets or securities on a regular basis, ideally by reference to current prices for similar assets or securities established in the context of a liquid market; historical cost accounting (HCA) instead records the value of an asset as the price at which it was originally purchased.
The EBRD is providing a leading Egyptian dairy and juice producer, the International Company for Agricultural Industries Projects, S.A.E (Beyti), with a loan in the amount of up to US$ 44 million (or the equivalent in Egyptian pounds). The loan includes a committed tranche of up to EGP 150 million and an uncommitted tranche for up to US$ 35.5 million or EGP equivalent.
On June 23, 2016, the British voting public stunned most forecasters by choosing to begin the process of exiting the European Union, the world's biggest trading bloc and one the UK has been part of for more than four decades.
Abu Dhabi’s Securities Market General Index closed up 7 per cent last week at a multi-year high, buoyed by healthy quarterly results of listed companies and stronger investor sentiment boosted by government-led stimulus measures. Profits in the second quarter were helped by higher oil prices.
Morgan Stanley estimates that the hedge funds launched last year up to 84 cryptocurrency products, which accumulate a total AUM of 2,000 million dollars (US $ 2 Bn).
The impact of a single-payer plan on New York depends on several uncertain factors, but one thing is certain: The plan would shift health-care spending through the state instead of private insurers.
€205 loan to help alleviate traffic congestion and increase capacity of Line 1. Millions of commuters will benefit from a €205 million loan provided by the European Bank for Reconstruction and Development (EBRD) to support the Egyptian National Authority for Tunnels (NAT) with the partial rehabilitation of Cairo Metro, the major means of public transport in Egypt’s capital.
Take a close look at your smart phone for a moment. What do you see? A glass screen. A button equipped with fingerprint recognition. A camera lens, flashlight, microphone, and speaker. Each of these components, and others – including chips, processors, batteries – are independently sourced from companies located all over the world and assembled into a finished product at factories, often in China.
Amundi, the only European asset management company in the top 10 worldwide, with almost 1.5 trillion Euros in assets under management, is seeing a world of opportunities in Latin America. While the region is the fifth most important for the firm after Europe, Asia, the US and the Middle East, with the acquisition of Pioneer, and taking advantage of its local presence in both Mexico and Chile, Amundi plans to grow within this region.
The U.S. stock market closed higher for June and the second quarter. Rising volatility, part of what we call Wall Street’s ‘Old Normal’, reflected uncertainty over the eventual outcome of the aggressive trade actions taken by the Trump administration aimed at lowering the protectionist barriers of other countries. A relatively strong economy continues to position U.S. equities in the global sweet spot versus non-US stocks.
The EBRD is improving public transport in the capital of Azerbaijan by supporting the acquisition of 35 new buses with a loan of the €6 million in Azeri manat equivalent for Baku, the country’s major political, administrative, financial and cultural centre with a population of around 3 million.
India’s shareholding paves the way for more joint investment in EBRD regions.
The Indian government applied for EBRD membership in December 2017. The EBRD Board of Governors, which represents all of the existing shareholders, voted unanimously in favour of the country’s application in March 2018.
Private Advisors VC has launched the Luxembourg based "The Quantum Revolution Fund" to invest in industrial applications of the second quantum mechanics revolution. It is the first private specialized, thematic, European VC fund for new applications of quantum technologies.
Africa’s urban areas are booming, experiencing a high urban growth rate over the last two decades at 3.5% per year. This growth rate is expected to hold into 2050. With this growth, street food is going to become one of the most important components of African diets. The formal sector will just not be able to keep up!
WASHINGTON, May 30, 2018Globally,countries are losing $160 trillion in wealth because of differences in lifetime earnings between women and men. This amounts to an average of $23,620 for each person in the 141 countries studied by the World Bank Group in a new report released today.
WASHINGTON, June 5, 2018—Despite recent softening, global economic growth will remain robust at 3.1 percent in 2018 before slowing gradually over the next two years, as advanced-economy growth decelerates and the recovery in major commodity-exporting emerging market