All Europe articles – Page 54
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White papersCore Matters: Sustainability and Adequacy in EU Public and Private Pension Schemes
As reported by EUROSTAT1 in 2019, pensions are the main income source for close to one quarter of the EU‐28 population. Therefore, it is very important that pensions should provide retirees with a decent standard of living and protect them from poverty.
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White papersFinding the Right Sovereign ESG Indicators: A Greek Tragedy?
On our mini odyssey through the vast seas of sovereign ESG indicators, we sought to identify data and scores from reliable third parties—which would not only provide benchmarking criteria between countries, but also serve as an effective screening tool to identify outliers.
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White papersItaly: ECB’s Umbrella To Protect Bond Market, Despite Uncertain Political Situation
On 13 January, Italia Viva – a minor coalition partner led by former Prime Minister Matteo Renzi – pulled out of the ruling coalition, leaving the government short of a majority in the Senate. However, we believe that snap elections are unlikely for now.
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White papersGLP Exceeds Target with a €1.6 Billion Equity Raise for GLP Europe Income Partners II
Firm has added approximately $16 billion of AUM to its logistics strategies over the last 12 months
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Asset Manager NewsTour Saint-Gobain, recently completed by Generali Real Estate in La Défense, Paris, tops international sustainability certifications
Generali Real Estate and Saint-Gobain are proud to announce that the Tour Saint- Gobain, hosting the new global headquarters of Saint-Gobain in La Défense, near Paris, has achieved all the four main international environmental certifications at the highest levels.
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White papersResponsible Investing And Stock Allocation
We analyze the portfolio choices of approximately 913,000 active participants in employee saving plans in France. Looking at the cross-section of equity exposure, we find that the inclusion of responsible equity options in the menu of available funds is associated with a 2.1% higher equity allocation by plan participants.
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White papersEuropean insurers: the case for going global in the credit allocation
In the hunt for yield, some years ago European investors started to allocate part of their credit exposure to dollar assets. However, many then put a stop to this diversification due to high hedging costs. In the context of the Covid-19 outbreak, the Fed cut rates to post-Lehman lows. Consequently, euro and dollar interest rates converged significantly, reducing hedging costs and making a case for broadening the investment universe from a European to a global base more attractive.
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White papersWhy Consider Logistics Real Estate?
Driven by several underlying trends, the segment is establishing itself as a promising defensive asset class and there is a premium on small-scale logistics.
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Asset Manager NewsPATRIZIA acquires 189-unit residential development in greater Stockholm for EUR 62 million
PATRIZIA AG, a leading partner for global real assets, has acquired a residential development near Stockholm, Sweden, for EUR 62 million from Scandinavian Property Group (SPG), on behalf of a pan-European residential strategy.
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White papersIs the euro’s rise a sign of greater resilience?
The complexity and fragility of European institutions have contributed to maintaining a specific political risk premium on European assets, including the euro. But institutions were ultimately strengthened when negotiators agreed in July to launch the New Generation EU package. The euro’s recent appreciation may be an early sign of decline in this “risk premium”.
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White papersA thin and last-minute Brexit deal should give temporary relief to UK assets
The deal: the core of the deal is a zero-tariff/zero-quota free trade agreement for goods, but trade will be affected by new non-tariff barriers such as customs checks and compliance procedures. The deal is lighter concerning trade in services, and in most services sectors providers will need to seek approval on a case-by-case basis with national authorities.
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White papersWhat is scientific fixed income investing and why should investors embrace it?
BlueCove was founded in 2018 to research and develop state-of-the-art scientific investment processes applicable to fixed income
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White papersCIO EMEA Outlook 2021: Knowns And Unknowns After A Tumultuous Year
At the beginning of the year we were threatened with excitement, be that trade wars or ongoing political upheaval in the Europe and the US. None of us were prepared for a global pandemic.
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White papersEuropean Green Deal: A game changer?
The European Green Deal (EGD) is the EU Commission’s new growth strategy. It tries to turn the climate and environmental challenges, that the Commission sees as “this generation’s defining task”, into an opportunity to modernise the economy. It thereby embeds a large investment program that some compare to the US New Deal (1933) or the Marshall plan (1947).
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White papersEuropean Equities: The Peak Of Pessimism Is Behind Us
There are reasons for optimism in 2021. Forget a U-shaped recovery; the letter we look for in 2021 is V, which stands for vaccine. Our baseline scenario is that vaccines roll out across Europe in early 2021, allowing business and consumer activity to start to return to normal. But even if there are delays and further lockdowns, the economic impact of Covid-19 should ease markedly in 2021.
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White papersMulti-sector fixed income – The outlook for US and eurozone debt in 2021
Yields of sovereign developed market debt have fallen to record lows in 2020. Daniel Morris, chief market strategist, and Olivier De Larouzière (OL), head of multi-strategy fixed income, discuss the outlook for bonds in 2021.
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White papersReal Estate Outlook – Europe, Edition 4 - 2020
Subdued fundamentals persist as the second wave breaks around Europe.
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White papersECB enters era of informal yield curve and spread control
The ECB is expanding its pro-growth and pro-inflation asset purchases and allowing the buying programme to run for longer. The objective is to safeguard favourable financial conditions as the eurozone grapples with the economic fallout of the COVID crisis. In effect, the ECB is encouraging investors to search for yield, particularly in those markets for risk assets where the ECB is active.
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White papersBenchmarking sustainability
The EU’s taxonomy – a classification tool to identify which activities are sustainable and under which circumstances – can play an important role in de-risking portfolios by reducing investments in increasingly obsolete, unpopular or unappealing carbon-intensive businesses. Enhancing the focus on carbon neutrality is an essential ingredient on the path to a sustainable economy.
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White papersHydrogen: science fiction made real?
Fourteen member states of the European Union (EU) have already included a strategy for the use of hydrogen as part of their plans to support the post COVID lockdown economic recovery plans. David Czupryna, Head of ESG Development at Candriam, writes that the recent investment package of EUR15bn by the German and French governments is a serious step but only one of many required, with a lot of investment and opportunities still to come.
