All Europe articles – Page 55
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White papersGIAM Macro & Market Research - Market Commentary
Yesterday evening the ECB surprisingly launched its new QE program “to counter the serious risks to the monetary policy transmission mechanism and the outlook for the euro area posed by the outbreak and escalating diffusion of the coronavirus, COVID-19.” At the March 12 policy meeting President Lagarde made clear that the response to the crisis should be “fiscal first and foremost”. However, the dramatic developments since then – with specifically sovereign euro area bond spreads rising strongly – induced further ECB action.
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White papersOutlook 2020: European commercial real estate
Parts of European commercial real estate look challenged in 2020, but opportunities can still be found, especially in “winning cities”.
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Asset Manager NewsGLP to Acquire Goodman Group’s Central and Eastern Europe Logistics Portfolio
The addition of this portfolio will expand GLP’s European presence to 10 countries
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Asset Manager NewsKGAL reaches Infrastructure milestone with closing of renewable energy fund in 2019
KGAL Infrastructure places largest renewable energy fund ESPF 4 with 750 million euros
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Asset Manager NewsPATRIZIA opts to go green in France
As part of its sustainability drive, PATRIZIA AG has switched over to renewable energy sources in France.
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White papersWhen The View Is Getting Blurry, Stick To Main Convictions
Market reaction: The further spreading of the coronavirus, especially in Europe, has, in the past few days, triggered a selloff in risk assets and high demand for safe assets (US dollar, Treasuries and gold). As markets reassess the spillover effects of the virus into the economy, volatility is likely to persist.
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White papersPersonal Values, Responsible Investing And Stock Allocation
We analyze the portfolio choices of approximately 965,500 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 2.4% higher equity allocation by plan participants.
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White papersFebruary 2020 - European loan market - review and outlook
European loans returned 5.0% in euro terms in 2019, making another strong year and the asset class’s best performance in 2016. In tandem with wider markets, the year was not without its wobbles, most markedly in October, but all quarters delivered positive returns and loans found their footing in the fourth quarter, as economic and political concerns dissipated and as progress towards a US-China trade deals was made, just as a decisive result in the UK elections inspired confidence in a clearer position on Brexit.
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White papersAre CLOs Unfairly Vilified?
Despite the late-cycle environment, we believe the recent negative headlines on CLOs are somewhat overstated, and do little justice to the many benefits of the asset class—which has delivered impressive risk-adjusted returns and low defaults over time.
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White papersWhat can we expect from CEE4’s recent data?
We do not have yet the details regarding GDP components but looking at hard data gives us some insights. In Czech, for instance, we assume that the main driver of growth in Q4 has been private consumption as retail sales, industrial production and services remained positive while the manufacturing sector shrank. Similarly, in Poland, while industrial production and retail sales were strong on the last quarter of 2019, construction sector collapsed.
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Asset Manager NewsPATRIZIA with strong momentum in client business 2019
PATRIZIA AG, the global partner for pan-European real estate investment, recorded an operating income of EUR 134.5m in 2019, exceeding the FY 2019 guidance of EUR 120.0 to 130.0m. This compares to an operating income of EUR 141.4m in FY 2018, which contained significant revenue contribution from phase-out sale of principal investments and co- investment income. Excluding the sale of principal investments and co-investment income operating income increased 10.3%.
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White papersLife after LIBOR: Two Years and Counting
An update on what regulators, markets and Neuberger Berman have been doing to prepare for the transition from LIBOR.
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White papersBlog: The Paris climate targets require investors to act
On the subject of achieving the Paris climate targets, Jane Ambachtsheer, Head of Sustainability at BNP Paribas Asset Management, is forthright. She says the world will not hit the mark of capping global warming at 1.5 degrees Celsius if we wait for governments to act. That judgment helps explain BNPP AM’s drive to ensure that investments contribute to attaining the climate goals.
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White papersBrexit Still Weighs On GBP, But The Situation On Rates And Equity Could Normalise
Now that the United Kingdom is officially out of the EU, a new phase has opened up, during which UK officials will have to negotiate a trade deal with the EU to avoid a ‘Brexit cliff edge’ at the end of 2020. The available time span is short, but an agreement is possible on either a trade deal, another extension or some mixture of the two.
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White papersTurkey: Inflation And Monetary Policy
January’s inflation report and last inflation figures: The Governor of the CBRT debriefed last week on the first inflation report of the year January inflation figure released at 12.15% yoy, higher than in December (11.84%). The rise in housing, electricity and energy were the main drivers pf this increase. ...
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White papersBlog: Sustainable investing in Europe: Why putting a label on it really matters
The labels that independently certify sustainable investment strategies in Europe are by no means new – in fact, they have multiplied and been expanded in recent years. Cynics may view such labels as bureaucratic meddling that adds unwanted hassle and cost. Far from it.
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Asset Manager NewsPATRIZIA partners with leading European PropTech VC firm
PATRIZIA AG, the global partner for pan-European real estate investment, enters a partnership with pioneering PropTech VC Pi Labs and has participated in Pi Labs’ third fund which will invest in early stage PropTech start-ups across Europe.
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White papersInvestment Phazer Update: downward trend is confirmed
While in the short term we do expect some temporary relief coming from positive economic surprises and supportive news on the trade front (should coronavirus impact be limited), on a medium-term horizon our economic scenario confirms the fragility of the profit cycle.
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Asset Manager NewsDeka Immobilien continues to grow
· A good start to the year: Net sales already at about EUR 1 billion in January 2020
