The private residential and building sector in Albania will benefit from wider access to finance thanks to a €6 million loan that the European Bank for Reconstruction and Development (EBRD) is providing to Albania’s Union Bank.
The IFC, the EBRD, APS Delta and Balbec Capital LP are jointly investing €50 million in an unsecured non-performing exposure (NPE) portfolio, originated by Piraeus Bank, one of the leading banking groups in Greece. The EBRD’s portion will be €15 million.
The worst historical declines -from peaks to their lowest point- were registered during the credit crisis of 2008. Again, UBP's strategy - High Grade Euro Income of UBP - with credit exposure with investment grade in euros through a strategy of derivatives- presented a better trajectory, with a fall of 4.6% compared to 7.7% of the investment grade debt market in euros.
Economic growth in the southern and eastern Mediterranean will continue to pick up speed this year, with most countries in the region enjoying their best tourism season since 2010, the European Bank for Reconstruction and Development (EBRD) said.
According to FlexFunds , the asset management industry is no stranger to the change caused by the technological disruption and the new customs of the millennials, tracing a series of challenges that range from a greater understanding of the client, the optimization of resources, to the the imperative need to adopt digital solutions.
Ninety percent of institutional investors believe environmental, social and governance (ESG) integrated portfolios are likely to perform as well or better than non-ESG integrated portfolios, according to a new global survey by RBC Global Asset Management (RBC GAM). The results reveal that adoption of responsible investing
Private businesses, including energy service companies (ESCO) and municipalities will benefit from wider access to finance thanks to a €15 million loan that the EBRD is providing to Banca Intesa, the largest bank in Serbia. The loan will be on-lent for energy efficiency investments.
The insurance authority in Lebanon, the Insurance Control Commission, has announced that it is allowing the Lloyd's market to conduct business in the country through general management agents and coverholders.
Small businesses in Moldova will be able to upgrade their operations to European Union (EU) standards with a new €10 million loan provided by the EBRD to ProCreditBank Moldova, the country’s fifth-largest lender by loan portfolio. The funds are provided within the EU4Business-EBRD credit line, to which the EU provides grant funding under its EU4Business initiative.
Despite recent volatility and "contagion" rumors, Kathleen C. Gaffney and Henry Peabody of Eaton Vance's Diversified Fixed Income team consider that emerging debt still deserves a place in diversified bond portfolios, but with an important warning Eaton Vance experts believe that investors who rely on benchmarks to have exposure to emerging market debt may end up disappointed in the coming years.
TORONTO, Oct. 22, 2018 /CNW/ - CIBC (TSX: CM) (NYSE: CM) -- CIBC Asset Management Inc. today announced the launch of the CIBC Multi-Asset Absolute Return Strategy, an alternative investment fund that aims to generate positive returns for investors, regardless of market conditions, while managing volatility.
The economic, political and technological developments have made the last two decades a dynamic period in Europe. NN Investment Partners celebrates its twentieth anniversary this month of investing in the European corporate bond market, during which it reshaped its investment process after the global financial crisis.
Small businesses in Armenia will have more opportunities to invest in green technology thanks to a US$ 12.5 million loan the EBRD is providing to Ameriabank for on-lending to small and medium-sized enterprises (SMEs) and corporates for green investments.
Supporting Luminor Bank in its efforts to become a self-funded and independent pan-Baltic financial institution the EBRD is investing up to €150 million in a series of senior bonds issued by the bank under its European Medium Term Note (EMTN) programme.
Technology, population aging, mobility or new forms of consumption are some of the trends that managers identify when investing. Most of them coincide in defining what these megatrends are and interpreting them as a significant reality that implies a structural change in the business models or habits of the population, and that are sustained by technology, government commitment or by the culture of society.
The EBRD has received a €87 million contribution approved by the Green Climate Fund’s (GCF) Board. The funding will support the EBRD’s Green Cities Facility for climate-focused sustainable urban development in Albania, Armenia, Georgia, Jordan, FYR Macedonia, Moldova, Mongolia, Serbia and Tunisia
Small businesses in Lebanon will benefit from the EBRD’s Advice for Small Business (ASB) Programme for Lebanon, launched together with the European Union in Beirut today.
Despite new technologies for electronic payments, cash has never been so popular. According to the Federal Reserve Bank of Richmond , during the last decade, dollars in circulation as a percentage of GDP have almost doubled from 5% to 9%. Today there are $ 1.6 trillion dollars in cash in circulation, or approximately $ 4,800 for each person in the United States.
Stricter controls on the movement of capital, precautions with respect to domestic economic policies and greater expectations in relation to international markets stimulate large cross-border money flows through funds and alternative investment models.
The 12th World Forum, which brings stakeholders in responsible economy from around the world together each year, is taking place from 16 to 18 October 2018 in Lille. For the third consecutive year, BNP Paribas is a Premium Partner of the event, and will take an active part in sharing best practices between companies that do business in a responsible way.
A new report by international Development Finance Institutions (DFIs) shows for the first time the scale of blended concessional finance to support transformative investments in challenging markets and deploy private sector funds to achieve the United Nation’s 2030 Agenda for Sustainability Development and the Sustainable Development Goals.
BlackRock has expanded its range of multi-asset funds focused on the generation of periodic rents with the launch of the BlackRock Global Funds (BGF) - Global Conservative Income fund.
The UAE and Saudi Arabia, both increased the value of their "nation brands" in 2018, based on the strength of their goods and services, investment potential and quality of life, according to the latest study by consultancy Brand Finance.
Swiss global insurer Zurich Insurance Group has entered into agreements to acquire 80% of PT Asuransi Adira Dinamika (Adira Insurance), a top 10 property and casualty (P&C) insurer in Indonesia, from Bank Danamon Indonesia and a minority investor. With these, Zurich will become the largest foreign P&C insurer in Indonesia.
To discuss "Social Impact and Financial Return", representatives from ACAFI, the Pontificia Universidad Católica de Chile and Corfo met at the 2nd International Meeting, who highlighted the importance of promoting an industry with a social impact in Chile, with In order to expand the economic base of the country.
The Royal Institution of Chartered Surveyors, a global membership body that works to raise ethical and practical standards in real estate, is pushing the UAE to adopt international guidelines on how property is measured and valued to achieve consistency, as well as a mediation platform to resolve construction disputes, its chief executive said.
The rebound came after the unexpectedly long-lasting massive sales episode that has affected emerging assets this year
NASDAQ Dubai, the Middle East’s international financial exchange, welcomed the listing of a seven hundred and fifty million US Dollar conventional bond issued by Dubai-based Emirates NBD.
The development of the capital market in the Slovak Republic is taking another step forward. Following a successful joint programme to develop the legal framework for bonds, the EBRD has now invested €40 million under the EBRD Slovak Covered Bonds Framework in the first triple-A-rated covered bonds issued by the local lender Slovenská sporiteľňa.
Officials of the Financial Regulatory Authority (FRA) may embed a provision allowing for the incorporation of mutual or cooperative insurers specialising in providing coverage to micro enterprises into a proposed new insurance law.
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) are stepping up their support with a new €20 million pilot programme helping innovative small and medium-sized enterprises (SMEs) and mid-cap companies in Bulgaria,Latvia and Romania.
The EBRD and the private equity firms AB Invalda INVL and Horizon Capital have today acquired a 41.09 per cent stake in B.C. Moldova Agroindbank S.A. (MAIB) in an auction held by Moldova’s Public Property Agency. The partners paid 451.533 million Moldovan lei (equivalent to €23.031 million).
As part of its support for the ‘Year of Zayed’, Abu Dhabi National Insurance Company (ADNIC), one of the largest and leading regional multi-line insurance providers for corporates and individuals, has announced its continued partnership with Al Bayt Mitwahid Association for 2018 through to 2021.
Standfirst: Egypt’s banking sector is adopting socially responsible codes of conduct, business strategies and products, recognising that sustainability via sustainable finance projects are now critical to the emergence of developing and emerging market economies. It is estimated that only 5% of the commercial banking activities across MENA is directed towards SMEs. While, many governments
The alternative fund industry is changing rapidly. Investors are hypersensitive to the value for money, and very aware of paying mostly for alpha. They are also increasingly attentive to the overall results rather than simply the raw performance and demand better customized strategies. And they want all this in tariff levels that many in the alternative investment industry would not have considered a decade ago.
Optimal Asset Management has launched a direct indexation service for institutional investors and investment advisors. The indexes available for direct indexing are S & P Dow Jones, S & P 500, S & P MidCap 400, S & P SmallCap 600 and selected factor indexes.
The European Bank for Reconstruction and Development (EBRD) has launched its internationally successful Women in Business Programme in Morocco, with the aim of strengthening the national economy by unleashing the potential of female entrepreneurs.
The European Bank for Reconstruction and Development (EBRD) is supporting the automotive industry in Morocco by lending €16 million to Varroc Lighting Systems Morocco, the Moroccan subsidiary of the Indian motor industry’s lighting systems giant, Varroc Engineering Pvt Ltd.
The EBRD is supporting capital markets development in the Baltic states with a €40 million investment in a corporate debut bond issued by Lithuanian retailer Maxima Grupė.
The EBRD, a leading financier of renewable energy in Turkey and its other regions of operations, is providing a financing package of up to US$ 102 million to the renewable energy arm of the Turkish conglomerate Akfen Holding. The funds will be invested in building four new wind farms and nine solar PV plants with a combined capacity of 327MW.
This month’s Development Finance Forum is bringing together public and private sector leaders to talk about how we can drive more private finance in three sectors that are key to development in East Africa: agribusiness, housing finance, and tourism. The region’s leaders see these as critical to sustained growth, job creation and long-term economic transformation for their countries.
On Wednesday 5 September 2018, First Hawaiian, Inc. (“FHI”) announced the pricing of a new secondary offering of shares of its common stock (the “Secondary Offering”)
The manager of the private bank Andbank, Andbank Wealth Management, is transferring the deposit of part of its managed assets (FCPs Sigma) from Spain to Luxembourg, in a new structure that has been named Sigma Investment House.
The high level of uncertainty and the low level of liquidity of the market have made the investments in cryptocurrencies more sensitive to market cycles, more risky to negotiate and more attractive to hedge funds, which since the beginning of last year have not stopped to add positions in cryptocurrencies to their portfolios.
Hedge funds have allocated at least $ 59 billion globally to responsible investments (RI) according to a survey conducted by the Alternative Investment Management Association (AIMA for its acronym in English).
In our update of the strategy for all the capitalizations, we have opted for simplicity . We believe that investing in emerging markets requires a conviction. Instead of simply having the largest members of the indexes, we seek to maintain a portfolio of high conviction of high-quality companies and a reasonable valuation that reflects our best ideas.
Investment solutions with multi-factor strategies are gaining popularity among smart beta investors. So much so that from Cerulli Associates, consulting firm, point out that in the long term more products of this type will be necessary.
Global emerging market equities, according to the metric of the MSCI Emerging Markets index, fell by 2.1% during the second quarter of 2018. The markets of Argentina, Brazil, and Turkey were - and still are - the weakest, on the contrary than those of Colombia and India, which were among the most profitable.
Threats between the US and China with respect to trade and the imminence of a new wave of tariffs prompted investors to rethink their positions due to a risk of escalating tensions. Assets in China and Asia, industrial and resource sectors, as well as export-led stocks, fared worse.
The value investing, measured by the Russell 1000 Value, has experienced a long stretch of low profitability in relation to the Russell 1000 Growth index. In the long term, however, the value has obtained better results.
We are witnessing a crucial moment in the world to face the financing of renewable, infinite and clean energy projects that make the energy transition viable. In his opinion, renewable or clean energy currently marks a strong trend in the process of becoming an important part of the energy matrix in different countries of the world, even more so when a route has been drawn up such as the Sustainable Development Goals (ODS) by the United Nations.
The world economy has reached its strongest point since the global financial crisis a decade ago, but rising political risks may cloud prospects in 2018 and perhaps beyond.
the firm cryptotrust will soon launch in uruguay its first trust (called genesis block i) with a diversified portfolio of cryptocurrencies. intended for local investors, it will have a term of 90 days and a minimum investment of $ 25,000 access.
According to Eaton Vance, bond investors will have to adapt to a new regime very different from the one they have become accustomed to in recent years. While the decade after the financial crisis was characterized by low inflation, high public investment, low revenue growth and a strong US dollar, Kathleen C. Gaffney and Henry Peabody of Eaton Vance's diversified fixed income team consider these Trends are changing direction and will potentially surprise investors who are not prepared.
In the last 10 years, there has not been an investment opportunity as attractive as the one that shows the high quality and short maturity US fixed income. According to Alex Mackey , fixed income manager at MFS Investment Management , the shape of the yield curve of investment grade corporate bonds has changed drastically since the beginning of monetary normalization.
“We welcome the era of market democratization and market inclusion in Mexico,” commented Maria Ariza, BIVA's CEO, at the event commemorating the start of operations of BIVA, ‘Bolsa Institucional de Valores’, (Institutional Securities Exchange) whose first order was made by Finamex .
China’s economy is undergoing a tricky transition. Recent economic data out of China have underwhelmed, while escalating trade tensions with the U.S. and elevated domestic debt levels have sparked concerns. Yet we see China’s near-term outlook as resilient.
If anything, that’s in news for a quite long time is the slumping in Indian Rupee against US Dollar. The situation is so numb that it has nosedived to hit an all time low of INR 69.10 against US Dollar. Although it showed sign of recovery as it had in fact fall down below INR 68.95-it’s worst performance in past 5 years.
Encouraging local currency financing, the EBRD is investing TRY 30 million in the TRY 150 million Turkish-lira-denominated bond issued by the country’s second-largest retailer, Migros.
The World Bank assigns the world's economies into four income groups — high, upper-middle, lower-middle, and low. We base this assignment on GNI per capita calculated using the Atlas method. The units for this measure and for the thresholds is current US Dollars.
During the first quarter of the year, convertible bonds were one of the most attractive assets, especially after seeing the first signs of the return of volatility to the market. In this second quarter of the year, this type of asset has continued to please investors.
Sustainable investments –including socially responsible investing (SRI) and environmental, social and governance (ESG) investing – are gaining a foothold in mainstream financial markets
I opened my first bank account as a new student at the London School of Economics in 1987. This seemingly small act meant that I could manage my own finances, spend my own money, and make my own financial decisions.
Putting in place the funding, systems, and plans before a disaster strikes can help dull the impact of disasters by enabling earlier, faster and more effective response and recovery.
What is financial literacy all about, you may ask? Essentially, it is the ability to use one’s knowledge and skills to effectively manage financial resources, ideally for a lifetime of financial well-being. Indeed, financial literacy is something we all have to work on each day—it’s part of our ongoing education.
From basic financial services to board rooms, strengthening women’s role in finance is one of the keys to boosting economic growth.
Gender equality is one of the sustainable development goals (SDGs) that calls for ensuring women’s full participation in political, economic and public life as a target.
As we approach the middle of the year, with sluggish stock market returns so far in 2018, Investec believes that it makes sense to assess where we are with regard to the investment case for European equities.
Developing countries spend $820 billion each year purchasing goods and services from the private sector. Public procurement is the world’s largest marketplace