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Europe

  • European fund industry sees positive month in April

    European fund industry sees positive month in April

    Mutual fund and ETFs promoters saw respective inflows of €5bn and €11bn

  • ESMA takes aim at ‘undue costs’ for investors

    ESMA takes aim at ‘undue costs’ for investors

    The European Securities and Markets Authority (ESMA) has set out to clarify the legislation provisions of the UCITS Directive and the AIFMD around ‘undue costs’. The regulator offered its thoughts in this 33-page document, outlining where it sees room for clarification. “ESMA is of the view that, as a first step, the Commission should clarify…

  • Europe ‘must invest $32tn’ to meet net-zero by 2050

    Europe ‘must invest $32tn’ to meet net-zero by 2050

    Europe will need to invest more than $32tn (€29.6trn) in energy and related technology if it wants to achieve a net-zero economy by 2050, according to forecasts by BloombergNEF. As reported by MERCOM India, the average yearly investment into clean energy supply, electric vehicles, heat pumps and sustainable materials has to treble in the 2020s…

  • Fundraising in Europe ‘broke records in 2022’ – Invest Europe

    Fundraising in Europe ‘broke records in 2022’ – Invest Europe

    Total fundraising on the continent in 2022 was the highest ever recorded and 30% over 2021 levels, according to a report released by Invest Europe. Investing in Europe: Private Equity Activity 2022 states that the number of funds raising capital over the year – 801 – was the second-highest number ever recorded and 13% over…

  • Recession warning follows latest ECB rate hike

    Recession warning follows latest ECB rate hike

    The ECB’s decision to raise its base rate to 3.25% has led to one financial giant warning it was “sufficient” to cause a recession. According to Anna Stupnytska, global macro economist at Fidelity International, the European economy is set to follow a similar path to that of the US after the Federal Reserve raised rates…

  • Data highlights economic green shoots in Europe

    Data highlights economic green shoots in Europe

    Inflation on the continent may be starting to slow after months above 10%, according to the latest figures. Inflation in the European area fell to 7% in April, down from 10.1% in November. Quoting statistics from Eurostat, however, French newspaper Le Monde warned that food prices – the sentiment barometer of most consumers – remain…

  • Sustainable fund launches dip in first quarter – Morningstar report

    Sustainable fund launches dip in first quarter – Morningstar report

    The number of sustainable fund launches fell sharply in the first three months of 2023, Morningstar data has revealed. According to the firm’s latest quarterly report, there were 113 new sustainable funds launched in the quarter around the world – the lowest number since the start of 2020. Previously, Reuters wrote, new launches had exceeded…

  • European Chips Act strengthens hand on microchip production

    European Chips Act strengthens hand on microchip production

    The European Parliament and EU Member States have reached agreement on the European Chips Act, which seeks to make the market competitive with the US and Asia in the production of microchips. A statement from the European Commission said the continent’s dependence on chips from Taiwan and South-East Asia had been illustrated by the shortage…

  • ESG investors grow uneasy as Net Zero Industry Act criticised

    ESG investors grow uneasy as Net Zero Industry Act criticised

    ESG policies around investing are causing unease for some institutions, a survey from Robeco has suggested. The Robeco Global Climate Survey 2023 highlighted a number of issues in the market that respondents say are causing tension. These include the energy crisis, which – while reinforcing net-zero convictions – has increased short-term exposures; and whether policies…

  • Silicon Valley Bank collapse ripples across Europe

    Silicon Valley Bank collapse ripples across Europe

    The collapse of Silicon Valley Bank (SVB) in the US has already had a ripple-effect across Europe, even as the long-term impact of the implosion remains murky. Late last week, the US bank – home to deposits for many of the country’s start-up tech firms – revealed it was looking to sell off assets in…

  • Number of ESG funds jumps 89% in a year

    Number of ESG funds jumps 89% in a year

    But costs are creeping up as more existing funds reposition their offering

  • Are ELTIFs gearing up for a boon period?

    Are ELTIFs gearing up for a boon period?

    Blackrock report expects market to grow 11 fold in the next five years