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 […]
Nordic regions flex their ESG investment muscles
A Nordic-centred deal worth €2.3bn to generate onshore wind power in Finland has been struck. Danish firm Copenhagen Infrastructure Partners and Finnish company Myrsky Energia have signed a cooperation agreement to build 1,800 MW of wind power in the next decade, according to multiple reports from the region. The construction, it is understood, will take […]
ETFs remain popular in Europe despite drop in inflows
Investor interest in ETFs remains strong despite a slide in net inflows of roughly a third between 2021 and 2022, according to a report from Trackinsight, conducted in association with JP Morgan and State Street. The Global ETF Survey 2023 found more than half (56%) of respondents saying they would increase their exposure to equity-related […]
Is France becoming Europe’s go-to FDI destination?
This year’s ‘Choose France’ summit, held at Versailles this month, has led to pledges of €13bn of future investment in the country. Reporting from Euractiv indicated more than 200 chief executives, including Tesla and Twitter supremo Elon Musk, attended the event. While Musk did not make any overt pledge, 28 company-specific projects were reportedly announced, […]
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
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 […]
Bank of America sets out stall in Luxembourg
Bank of America has signalled its intentions for a push into the European funds market by setting up a new branch in Luxembourg. It was reported on Reuters earlier this week the group was hiring Benoit Nevouet to be the new branch’s manager, poaching him from BNP Paribas. Bank of America said in the Reuters […]
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 […]
ESG a growing concern among fund selectors – Broadridge
Broadridge has released the latest edition of its Fund Brand 50 report, which aims to highlight the “world’s best-performing third-party asset management brands”. The report, said the firm, measures and ranks asset managers’ relative brand attractiveness based on fund selector perceptions, taking into account 10 brand ‘attributes’ to reveal the top US and global brands. […]
InvestEU gives green light to EBRD projects
A slew of new projects from the European Bank for Reconstruction and Development (EBRD) have received the go-ahead from the InvestEU Investment Committee. Under the auspices of the various projects, investments totalling €1.1bn will be used to boost green and sustainable projects in the municipal, transport and energy sectors. According to the EBRD: “The InvestEU […]
Expert Investor and sister titles sold to the Mark Allen Group in £6.5m deal
The acquisition includes the Asia business but not US-based InvestmentNews
Tightening economies force firms to seek short-term financing
‘Increase in emergency funding is a worrying sign as central banks fight to tame surging inflation’
European real estate on ‘road to recovery’, report argues
As business confidence shows considerable improvement from last year
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