European equity managers 2020

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White papers
Market Scenarios and Risks - December 2021
2021-12-06T17:06:00ZBy Amundi Asset Management
We change the narrative and the probabilities of the scenarios in line with our 2022 Outlook. The central scenario assumes that Covid becomes endemic with multiple waves albeit manageable, fiscal levers remain significant and tied to monetary policy and growth comes back to potential in 2023.a
White papers
Q3 earnings season: results better than expected but doubts remain about next year
2021-12-06T16:47:00ZBy Amundi Asset Management
Q3 21 results were generally well above expectations, which was not taken for granted given the bottlenecks and higher input costs. However, the 2022 consensus remained very cautious, with EPS forecasts at best equivalent to nominal GDP growth! Good surprises cannot therefore be ruled out.
White papers
Revolution on the horizon: will the Dutch pension system still set the bar for sustainability, adequacy and integrity?
2021-12-06T14:10:00ZBy Columbia Threadneedle Investments
Despite the seismic demographic, economic and regulatory shifts that have challenged many other pension systems over the past couple of decades, the Netherlands’ three-pillar pension system, introduced in the 1950s, remains uniquely generous in many respects, with collectivity and intergenerational risk sharing central to the system’s ethos.