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Europe

  • Europe outlook ‘one of stagflation’, warns BNP Paribas

    Europe outlook ‘one of stagflation’, warns BNP Paribas

    “Anaemic” growth has left Europe more vulnerable to recession risk than other major economies, according to BNP Paribas. In the group’s 2024 investment outlook, Stepping into a New Reality, Daniel Morris, chief market strategist for the London office, wrote: “Europe is the region where pessimistic forecasts were largely realised – and where pessimism is potentially…

  • ETF assets in Europe double over five years – EFAMA

    ETF assets in Europe double over five years – EFAMA

    Exchange-traded fund (ETF) assets in Europe reached €1.4tn by the end of last year, according to the new edition of EFAMA’s ‘Markets Insights’ series. This, the European Fund and Asset Management Association noted, represented the lion’s share of the growth in exchange-traded products (ETPs) over the last half-decade. The report, UCITs ETFS: A Growing Market…

  • EEA urges more private investment to support Green Deal

    EEA urges more private investment to support Green Deal

    The European Environment Agency (EEA) has called for more private investment to help underpin a smoother sustainability transition. According to the organisation, the continent needs a “solid socio-economic and fiscal policy framework” to ensure that the European Green Deal is implemented smoothly. First presented by the Commission in 2019, the European Green Deal aims to…

  • EU investment forecast to jump over five years

    EU investment forecast to jump over five years

    The EU is expected to see greater average investment relative to GDP over the next five years, according to research by fDi Intelligence. The firm said it had concluded this after an analysis of IMF data on gross fixed capital formation (GCFC) – defined as the total value of investment to add or maintain fixed…

  • ECB holds interest rates at 4% after 10 back-to-back hikes

    ECB holds interest rates at 4% after 10 back-to-back hikes

    The European Central Bank (ECB) has decided to hold interest rates at 4%, ending a run of 10 consecutive rate hikes, writes Hannah Williford. The decision comes in the wake of struggling labour markets in Europe, along with mediocre results for household and corporate lending data. The ECB hinted when it last convened in September that…

  • EC heralds sustainable finance moves as funds see net outflows in Q3

    EC heralds sustainable finance moves as funds see net outflows in Q3

    The European Council (EC) continues to beat the drum for sustainable finance, even as the sector continues to sputter. Earlier this week, the EC announced it had adopted new regulation to promote sustainable finance The new regulation, it said, would create a new European green bond standard, laying down uniform requirements for issuers that wanted…

  • Capital Group names Klingenberg-Timm to European role

    Capital Group names Klingenberg-Timm to European role

    Capital Group has appointed Benno Klingenberg-Timm as its new head of institutional for Europe and Asia. He begins his role immediately and will fill the role left vacant by the passing of Stephen Gosztony last year. Writing on LinkedIn, the Singapore-based Klingenberg-Timm wrote: “I am excited to embark on this new journey, alongside my fellow…

  • European energy investment set to cool – ING

    European energy investment set to cool – ING

    Energy investment within Europe is set to decline, according to an ING report, as European utilities grow more selective In European Utilities Outlook: More Investment but More Selective in 2024, ING’s head of corporates sector strategy Nadège Tillier noted that investment grew by 10% a year between 2018 and 2022. Despite this, she contended 2024…

  • Green bonds drive 2023 global ESG debt market

    Green bonds drive 2023 global ESG debt market

    Green bonds are propelling the worldwide ESG debt market, according to analysis by Bloomberg Intelligence, writes Laura Miller. The resilience of the green bond market in the first nine months of the year saw issuance exceed $505bn – or 48% of total sustainable issuance – up 8% on the same period last year. Social bond…

  • BlackRock joins other investors in partnership with Upvest

    BlackRock joins other investors in partnership with Upvest

    Berlin-based firm Upvest has signed a partnership with BlackRock to open up Europe’s investment landscape to retail investors. Upvest said BlackRock had participated in its €30m 2023 funding round alongside existing investors Bessemer Venture Partners, HV Capital, Earlybird, Notion Capital, ABN Amro Ventures and 10x Capital. The company added that its Investment API helps institutions…

  • Tightening regimes complicating FDI in Europe

    Tightening regimes complicating FDI in Europe

    Increasingly tight regulatory regimes around Europe are making the landscape around foreign direct investment (FDI) harder to navigate. That is the view posited by law firm Ashurst in its newly released Foreign Investment in Europe: A World of Opportunity report, looking at the new and various hurdles that have been put in place. “In recent…

  • Franklin Templeton unveils new distribution leadership

    Franklin Templeton unveils new distribution leadership

    Franklin Templeton has announced a raft of senior appointments across its global distribution network. Matt Harrison has been appointed head of Europe and UK distribution; Tariq Ahmad is to become head of APAC distribution; Sandeep Singh will be head of Central and Eastern Europe, Middle East and Africa (CEEMEA) and India distribution; and Julian Ide…