The European Commission, European Investment Bank and European Space Agency have signed a collaboration agreement with a view to strengthening the continent’s space sector. Announcing the move, the European Investment Bank (EIB) said the collaboration between the three institutions aimed to foster cooperation and coordination with a focus on providing financing and advisory support for…
European investors were the first to begin turning away from ESG funds, according to data from across the Calastone fund network. The company made the assertion in its latest Global Fund Flows Report, suggesting the “backlash” against ESG products began on the continent. “European investors began selling out of ESG funds in January 2022 and…
Neuberger Berman has promoted Matt Malloy to head of EMEA, to replace Dik van Lomwel as he steps into the vice-chair EMEA position. Van Lomwel has served as chair since 2009, with assets under management for the EMEA business growing from $3bn (€2.7bn) to $64bn during his time. His new role will focus primarily on…
Investors should benefit from new European Union support for green subsidies, according to global law firm Norton Rose Fulbright. In EU scales up green subsidies – how you can benefit from new support for clean investments – which comes on the back of the EC’s adoption of changes to its state aid framework supporting the…
M&G Investments has named Kelly Hébert to be its new head of France, subject to regulatory approval. Expanding her current role leading both Belgium and Luxembourg, Hébert (pictured above) will be based in Paris and continue to report to Neal Brooks, global head of product & distribution at M&G. Having joined the business in 2014,…
Europe is set to experience “weak development” across many of its equity sectors this year, according to forecasts from ING. In What to expect from European sectors in 2024, the financial services giant indicated the manufacturing, staffing and construction sectors were likely to witness declines, even as transport and retail are set to see a…
Investors should be looking to target real estate for the potential to “secure prime assets at discounts”, Savills has argued. In European Property Themes 2024, the firm said investors would be “rewarded” if they choose to “ride the wave of yield compression” in the second half of the year. It also laid out its top…
Ukrainian president Volodymyr Zelensky spoke at the Davos meeting in Switzerland this week on the potential for long-term foreign investment into the country. The president appeared onstage at the event to argue that a strengthening of Ukraine’s economy would lead to a strengthening in the security of Europe. He also spoke of the need for…
Europe must recover its competitiveness if it is to maintain its status as a global leader on sustainability and inclusion, analysis by McKinsey has concluded. According to Accelerating Europe: Competitiveness for a New Era, unless growth is re-energised, the standard of living across the continent could end up eroded. The report argued that Europe’s competitive…
A new ruling from the French government around ESG investing could potentially lead to forced divestments worth billions of euros. As the Financial Times recently reported, the country has decided funds under its ‘L’investissement socialement responsible’ (ISR) label will no longer be able to put money into hydrocarbon exploration, exploitation or refining projects. Companies that…
New statistics from the European Fund and Asset Management Association (EFAMA) indicate net assets within Europe saw a shallower decline than those in the US over the third quarter of last year. Figures released as part of the trade body’s International Quarterly Statistics show that, while net assets within Europe fell 0.6% compared with Q2…
European venture capital firm Sofinnova has launched Biovelocita, an investment strategy dedicated to the creation and acceleration of biotech startups in Europe. The firm said it had a created a new team for Biovelocita and the new venture was inspired by Italy’s first biotech accelerator, BiovelocITA, co-founded by Gabriella Camboni, Silvano Spinelli and Sofinnova Partners…
