The French fiscal situation deteriorated post-Covid. Public debt as a percentage of GDP now surpasses levels in the Euro Area, including Germany and Spain, even if it remains lower than the ratio in the US (which exceeds 120%).
Four years ago, the Covid-19 pandemic brought about an instant and permanent shift in the way many of us work. Virtual communication has replaced much of the face-to-face contact that we had previously been accustomed to. While the convenience and savings of web-conferencing means it’s a trend that’s here to stay, in-person interaction still retains many benefits.
The algorithmic nature of passive funds’ investment processes can create the risk of over-simplification and short-termism when tackling the long-term challenge of climate change. We think that an active approach is not only more effective, but essential for investors aiming to make real contributions towards achieving the goals of the Paris Agreement.