Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 301

Posts Tagged ‘investors’

Tradeweb Introduces Price Streams and iDeal Messaging Tool for Bond Connect Investors

Posted by fidest press agency su giovedì, 4 luglio 2019

Tradeweb Markets Inc. (Nasdaq: TW), a leading global operator of electronic marketplaces for rates, credit, equities and money markets, has introduced a series of new features further optimising offshore investors’ access to the Chinese Interbank Bond Market (CIBM). The launch of dealer streaming prices and iDeal – the messaging tool developed by the China Foreign Exchange Trade System (CFETS) – on Tradeweb was announced during the Bond Connect Anniversary Summit in Hong Kong today.
Via Tradeweb’s connection to CFETS, all Bond Connect participating dealers will be able to contribute live streaming liquidity on a disclosed basis across bonds tradable in the CIBM, thereby increasing pre-trade transparency and enhancing trade counterparty selection. Tradeweb clients can customise the way they view and access dealer pricing and inventory either by individual security or liquidity provider. Clients can also opt to view the five most competitive prices for a given instrument, a feature which provides them with a clear indication of where the market is and, in turn, better informs their trading strategy.
Furthermore, Tradeweb is now the only Bond Connect trading platform to facilitate a single sign-on to CFETS’ iDeal instant messenger, making it possible for offshore buy-side firms to communicate and engage directly with onshore dealers prior to submitting a request-for-quote (RFQ). Access to iDeal is fully streamlined and traders, once connected, are not required to register again.Tradeweb was also the first trading platform to offer pre- and post-trade allocations on Bond Connect, enabling international investors to trade on behalf of multiple funds in one block trade via the Tradeweb interface. Tradeweb Bond Connect allocations are executed via RFQ, allowing users to take advantage of the straight-through-processing benefits gained by pre-and post-trade integration with order management systems. Tradeweb recently increased the number of allocating sub-accounts from 30 to 50, a development expected to facilitate foreign investor participation in the Chinese bond market.Bond Connect was established on July 3, 2017 to help open up China’s onshore bond market, the world’s second largest according to the Bank for International Settlements (BIS). Tradeweb was selected as the first trading link to Bond Connect, after playing a critical role in the initiative’s creation, development and design. Since launch, USD 280 billion in CNY cash bonds has been executed on Tradeweb across more than 18,000 fully electronic transactions. Monthly average daily trading volume has risen by 406% since the first month of trading in July 2017, reaching USD 1.1 billion in June 2019. The number of onshore dealers providing liquidity on Bond Connect has also increased from 34 to 47, while the number of approved investors has reached 1,038.

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Citco Launches Suite of Services Focused on Institutional Investors

Posted by fidest press agency su mercoledì, 12 giugno 2019

The Citco Group of Companies (“Citco”) today announced the launch of Citco Institutional Services (“CIS”) – an investment recordkeeping and reporting team born from Citco’s long-term experience handling global, multi-asset portfolios. Nick Eisenlau has been appointed as the Head of Institutional Services to lead the development of the business.CIS will work closely with Citco’s core operations teams, leveraging robust asset processing capabilities while offering new services optimized for the unique needs of pensions, endowments, OCIO and family offices. Based on legislative and regulatory pressure, investors heavily focused on fee transparency and performance reporting can access standalone offerings to augment their current processes. CIS will be the first asset servicer to offer verification of fund fees, across both open-end and close-end fund charges, including management, incentive and carry structures as well as delivery of standardized reports.In addition to accounting and portfolio recordkeeping, CIS provides a performance book of record so that investors can capture full transparency on their investments, including incorporation of all historical adjustments. Performance reporting can be tiered based on client needs, including data services to other applications, reporting dashboards or interactive user analysis tools. CIS will also offer a la carte outsourcing services for alternatives data capture and quality control to meet the growing complexity of multi-asset portfolios.Mr. Eisenlau most recently served as Citco’s Head of Strategy and Analytics, where he led the development and rollout of CitcoOne, the asset servicing industry’s premiere web data analytics and visualization platform, which provides the next generation of user experience to over 400 clients.

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Investors warned over rising climate risks

Posted by fidest press agency su sabato, 13 aprile 2019

BlackRock, a global fund management company that oversees close to US$6 trillion in client assets, told investors that new methods of understanding and forecasting climate risks show that many in the financial sector have underestimated their exposure to the extreme weather events that are likely to result from global temperature rises. US utility companies and real estate are particularly exposed, the firm said, with rising sea levels putting more than US$70 billion worth of property at risk in New York City alone.BlackRock’s report shows that extreme weather events could have impacts across the financial markets, across many assets. Commercial mortgage backed securities, for example, are increasingly vulnerable to hurricanes. The risk of a building that backs one of these instruments being hit by a category four or five hurricane has gone up by 137 per cent since 1980, the firm said, while the risk of category five hurricanes in the US will increase by a projected 275 per cent between now and 2050.Separately, the investment consulting firm Mercer warned that failing to limit global temperature rises to the threshold level of 2°C above pre-industrial levels would have severe impacts on investors’ returns, while investing in sustainable assets could help to protect their portfolios and offer access to new growth opportunities.“This is clearly a fiduciary issue as it is about managing risk, Deb Clarke, global head of investment research at Mercer, said. “Asset owners should consider climate change at every stage of the investment process, from investment beliefs, policy and process to portfolio construction decisions.”Global financial companies are increasingly articulating the risks to the global economy of climate change. BlackRock has emerged as a vocal supporter of sustainable investing, however some activists allege that the firm, like many of its peers, is not backing up its rhetoric with meaningful action.BlackRock’s Big Problem, a coalition of NGOs that includes Amazon Watch, Friends of the Earth US and the Sierra Club, said in a statement after the fund manager’s announcement that BlackRock continues to be a major investor in coal and other hydrocarbons which contribute to climate change. (font: Global Initiatives 133 Cecil St, #17-02A, Singapore)

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How investors can generate attractive returns with Fremont Capital

Posted by fidest press agency su venerdì, 22 febbraio 2019

Fremont Capital is currently one of Europe’s most popular asset managers. This is particularly due to the company’s location advantage in Ireland. Fremont Capital can offer its customers attractive deals on fixed-term deposits, with interest rates that are significantly higher than those in Germany. As an asset manager, Fremont Capital stands for stability, security and growth. This stability stems from many years of experience, high customer satisfaction and simple, accessible procedures. Investors can also profit from a great deal of flexibility and both trend- and time-oriented action. When it comes to investments, customers care about security. This is an area in which Fremont Capital can show its strengths, as fixed-term deposit offers include a state deposit insurance. As an asset manager, the company follows EU standard guidelines, of which 20,000 established customers are convinced. And it’s not only customers that are convinced: A 2018 Extel study questioned investment professionals on which investment companies they consider to be the most successful – and Fremont Capital was ranked first place among leading asset managers for stock trading and fixed-term deposits in Europe. In terms of security, Ireland has a special standing, as deposit protection not only covers up to 100,000 euros, but up to 500,000 euros per customer. Fremont Capital currently manages around 32 billion dollars of capital, which proves that many wealthy clients trust this asset manager. The third pillar at Fremont Capital concerns growth. Growth is generated in part due to early participation in promising companies, which frequently leads to excellent returns for customers. Fremont Capital often begins investing in innovative and promising IPOs from the very first financing phase. Fremont Capital can supply the right investments both for conservative and growth-oriented customers, as the company combines “finest investment banking” with traditional “private banking”. Customers can profit from fixed-term deposit accounts and from a profitable share package. Investors can rest assured that Fremont Capital will invest in companies that show potential, such as Uber orAirBnB – which are both likely to be listed on the stock market sometime this year.

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Cable ONE to Participate in the Raymond James Institutional Investors Conference

Posted by fidest press agency su giovedì, 21 febbraio 2019

Cable One, Inc. (NYSE: CABO) today announced that Julie Laulis, President and Chief Executive Officer, and Steven Cochran, Senior Vice President and Chief Financial Officer, will participate in the Raymond James 40th Annual Institutional Investors Conference in Orlando on Tuesday, March 5, 2019, at 8:05 a.m. Eastern Time.A live webcast of the event will be available on the Cable ONE Investor Relations website at ir.cableone.net. A replay will be made available following the completion of the live webcast until Tuesday, March 12, 2019.To automatically receive Cable ONE financial news by email, please visit the Cable ONE Investor Relations website and subscribe to Email Alerts.
Cable One, Inc. (NYSE: CABO) is a leading broadband communications provider serving more than 800,000 residential and business customers in 21 states. Cable ONE provides consumers with a wide array of connectivity and entertainment services, including high-speed internet and advanced Wi-Fi solutions, cable television and phone service. Cable ONE Business provides scalable and cost-effective products for businesses ranging in size from small to mid-market, in addition to enterprise, wholesale and carrier customers.

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40th Annual Institutional Investors Conference

Posted by fidest press agency su sabato, 9 febbraio 2019

Baxter International Inc. (NYSE:BAX), a leading global medical products company, will present at the Raymond James 40th Annual Institutional Investors Conference in Orlando, Fla. on Tuesday, March 5, 2019. Jay Saccaro, Baxter’s chief financial officer, is scheduled to present at 10:25 a.m. Eastern Time. The live webcast of Baxter’s presentation can be accessed at http://www.baxter.com and will be available for replay through April 2, 2019.
Every day, millions of patients and caregivers rely on Baxter’s leading portfolio of critical care, nutrition, renal, hospital and surgical products. For more than 85 years, we’ve been operating at the critical intersection where innovations that save and sustain lives meet the healthcare providers that make it happen. With products, technologies and therapies available in more than 100 countries, Baxter’s employees worldwide are now building upon the company’s rich heritage of medical breakthroughs to advance the next generation of transformative healthcare innovations.

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Japan’s coal renaissance poses serious risks to businesses and investors

Posted by fidest press agency su martedì, 29 Mag 2018

Tokyo, Japan Japan’s current coal-fired power policies and plans would result in carbon pollution between now and 2050 almost three times what is consistent with the Paris Agreement, risking stranded assets and loss of competitiveness for Japanese investors, says a new report by Climate Analytics, in collaboration with the Renewable Energy Institute of Japan.Unlike most developed countries, Japan plans to increase its coal-fired power capacity, and its banks are financing coal developments in other countries, especially in South East Asia, in contradiction of the deep emissions reductions required to curb climate change. Japan already has 45 Gigawatts of operating coal-fired generation capacity and plans to add about 18GW of new coal, of which 5GW are already under construction.The report evaluates whether Japan’s energy policies and long-term targets are compatible with meeting the objectives of the Paris Agreement, and what this means for policymaking and investors.In Japan – the sixth largest global greenhouse gas emitter – electricity generation is responsible for around 40% of its GHG emissions. In 2016, more than half of these came from coal (about 20% of total emissions), making it a major contributor to climate change.“To be in line with the Paris Agreement, developed countries need to phase out coal from their energy systems by 2030, yet Japan appears to be going in the opposite direction,” says lead author Paola Yanguas Parra from Climate Analytics. “If Japan’s emissions trajectory from its current energy and investment plans for coal were to continue, it would overshoot its Paris Agreement emissions budget for coal in the electricity sector by 292% by 2050. It’s clear from our analysis that Japan’s primary focus for achieving its national commitments – and the Paris Agreement goals – should be to urgently address emissions from coal.”Japan’s Paris pledge is inadequate in meeting the Paris Agreement goals, foreseeing a 26% share of coal but only a 22-24% share of renewables by 2030. It also includes a 20-22% share of nuclear, which has been challenged by other studies that suggest a more realistic share is a maximum of 10%.“The Fukushima disaster revealed that Japan’s climate policy to rely on nuclear power was a failure – nor will efficiency standards for coal bring the necessary emissions reductions. Japan needs a much higher renewable energy target, and increasing numbers of companies are demanding renewable energy,” said Yuri Okubo, of the Renewable Energy Institute.

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Moody’s Corporation Posted an Updated Management Presentation for Investors

Posted by fidest press agency su domenica, 13 Mag 2018

Moody’s Corporation (NYSE: MCO) posted an updated management presentation for investors on its website, http://ir.moodys.com, on Thursday, May 10, 2018. This presentation reflects certain information regarding the Company’s results for the three months ended March 31, 2018 and its posting is provided pursuant to Regulation FD. Senior management may use this updated presentation during meetings with analysts and investors. Moody’s is an essential component of the global capital markets, providing credit ratings, research, tools and analysis that contribute to transparent and integrated financial markets. Moody’s Corporation (NYSE: MCO) is the parent company of Moody’s Investors Service, which provides credit ratings and research covering debt instruments and securities, and Moody’s Analytics, which offers leading-edge software, advisory services and research for credit and economic analysis and financial risk management. The corporation, which reported revenue of $4.2 billion in 2017, employs approximately 12,000 people worldwide and maintains a presence in 42 countries. Further information is available at http://www.moodys.com.

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TD Ameritrade CFO to Speak at Raymond James Institutional Investors Conference

Posted by fidest press agency su mercoledì, 7 marzo 2018

Steve Boyle, executive vice president and chief financial officer of TD Ameritrade Holding Corporation (Nasdaq: AMTD), will be speaking at the Raymond James 39th Annual Institutional Investors Conference on Wednesday, March 7, 2018. The conference is being held at the JW Marriott Grande Lakes Hotel, Orlando, Fla.Boyle’s presentation will begin promptly at 9:15 a.m. EST. A live webcast of the presentation will be available and archived on the “Presentations & Events” page of TD Ameritrade’s corporate web site, http://www.amtd.com. More information about TD Ameritrade’s upcoming corporate events and management speaking engagements, such as quarterly earnings conference calls, are available on the Company’s Corporate Event Calendar. Look for the link “Where are we?” on the “Investor Relations” page of http://www.amtd.com.Interested parties should visit or subscribe to newsfeeds at http://www.amtd.com for the most up-to-date information on corporate financial reports, press releases, SEC filings and events. The Company also communicates this information via Twitter, @TDAmeritradePR. Website links, corporate titles and telephone numbers provided in this release, although correct when published, may change in the future.TD Ameritrade Holding Corporation and Raymond James Financial, Inc. are separate, unaffiliated companies and are not responsible for each other’s policies and services.

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American Equity to Present at Raymond James 39th Annual Institutional Investors Conference

Posted by fidest press agency su domenica, 4 marzo 2018

Raymond James 39th Annual Institutional Investors Conference on Monday, March 5 at 11:00 a.m. ET. Investors may access a webcast of this presentation on American Equity’s website at http://ir.american-equity.com/.
Certain statements made during this presentation may constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future operations, strategies, financial results or other developments, and are subject to assumptions, risks and uncertainties. Statements such as “guidance”, “expect”, “anticipate”, “believe”, “goal”, “objective”, “target”, “may”, “should”, “estimate”, “projects” or similar words as well as specific projections of future results qualify as forward-looking statements. Factors that may cause our actual results to differ materially from those contemplated by these forward looking statements can be found in the company’s most recent filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date the statement was made and the company undertakes no obligation to update such forward-looking statements. There can be no assurance that other factors not currently anticipated by the company will not materially and adversely affect our results of operations. Investors are cautioned not to place undue reliance on any forward-looking statements made by us or on our behalf.
American Equity Investment Life Holding Company, through its wholly-owned operating subsidiaries, issues fixed annuities, with a primary emphasis on the sale of fixed index annuities. American Equity Investment Life Holding Company, a New York Stock Exchange Listed company (NYSE: AEL), is headquartered in West Des Moines, Iowa. For more information, please visit http://www.american-equity.com.

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Cognex to Present at Raymond James Institutional Investors Conference

Posted by fidest press agency su sabato, 3 marzo 2018

Cognex Corporation (NASDAQ: CGNX) announced today that John. J. Curran, Senior Vice President of Finance and CFO of Cognex, will discuss the company’s performance and future prospects at the 39th Annual Raymond James Institutional Investors Conference at the J.W. Marriott Grande Lakes Hotel, Orlando, FL. Mr. Curran’s presentation will be on Tuesday, March 6, 2018 beginning at 11:00 a.m. Eastern Time.Internet users can listen to a real-time audio broadcast of the presentation, or an archived recording, on the Cognex Investor Relations website: http://www.cognex.com/Investor.Cognex Corporation designs, develops, manufactures and markets a wide range of image-based products, all of which use artificial intelligence (AI) techniques that give them the human-like ability to make decisions on what they see. Cognex products include machine vision systems, machine vision sensors and barcode readers that are used in factories and distribution centers around the world where they eliminate production and shipping errors.
Cognex is the world’s leader in the machine vision industry, having shipped more than 1.5 million vision-based products, representing over $5 billion in cumulative revenue, since the company’s founding in 1981. Headquartered in Natick, Massachusetts, USA, Cognex has offices and distributors located throughout the Americas, Europe and Asia. For details visit Cognex online at http://www.cognex.com.

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BitGo Enters Into Agreement To Acquire Kingdom Trust

Posted by fidest press agency su sabato, 27 gennaio 2018

south-dakotaBitGo, the leader in digital currency security solutions for institutional investors, announced that it has entered into a definitive agreement to acquire Kingdom Trust Company, a South Dakota-chartered, fully regulated trust company with over $12 billion in assets under custody. Under the agreement entered into on January 11, 2018, BitGo will acquire Kingdom Trust Company and Kingdom Services. The transaction is subject to customary closing conditions and regulatory approvals.Kingdom Trust meets all applicable requirements of Internal Revenue Code 408 to serve as a qualified custodian as defined in the Investment Advisers Act of 1940. The custodial services offered by the trust company, alongside BitGo’s market-leading digital currency security protection software, will make the combined companies the only full-stack, at scale provider of onsite and online protection for digital currency investments held by institutional investors.“Global financial markets have longed for an end-to-end solution offering both the technology to secure digital currencies as well as the legal and compliance controls necessary to integrate into mainstream financial portfolios,” said Mike Belshe, CEO of BitGo. “BitGo has established itself as the digital security leader, and Kingdom Trust has served as a 40 Act qualified custodian for almost a decade and has developed the expertise required by institutional investors necessary for compliance with the Act. Both companies are working toward safety of money and assets. BitGo and Kingdom are building products for the future – marrying the new technology with the safety and controls all investors require.”

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Noble Four Partners with Hana Financial Investment Company to Develop and Execute North American Investments

Posted by fidest press agency su martedì, 31 ottobre 2017

seulNoble Four Partners (NFP), an established investor and operator based in New York, today announced a partnership with Hana Financial Investment Company Co., Ltd (Hana FI), the investment banking, capital markets, acquisition financing and institutional investor relationship operating group within Hana Financial Group, Inc. based in Seoul, South Korea. NFP will identify industrial and manufacturing control investments in North American and European industrial sectors that have South Korean and Pan-Asian growth potential. Hana FI will provide acquisition financing and assist in organizing South Korean based institutional capital. Strategic investors, with relevant industry experience, are expected to contribute additional capital and lend technical, manufacturing, and Asia specific market assistance.NFP expects to build sector-orientated platforms over several years with a focus on creating long-term value through partnering with exceptional management teams.“Hana FI is a leading South Korean financial institution with global capability to provide capital and financing and we recognize that this relationship is a crucial step in further expanding our financing capabilities and investor relationships. NFP has extensively worked with Korean investors and operators on cross-border transactions and we are now directly partnering with them in the pursuit of outbound investment and growth opportunities across North America,” said Stephen Merchant, Co-Managing Partner of NFP.“Partnering with Hana FI presents a distinct advantage in the competitive North American buyout marketplace. South Korean institutional and strategic capital demand for opportunities, from both a debt and equity perspective, is deep and significant”, added Mark Tomassini, Co-Managing Partner of NFP. “We anticipate robust growth in South Korean foreign direct investment and in-bound control North American investments,” stated Tomassini.NFP is actively involved in evaluating investment opportunities under this partnership framework.

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Catella: Sustainability funds gain ground with investors

Posted by fidest press agency su venerdì, 21 luglio 2017

catellaThe new Catella Market Tracker “Sustainability funds in the real-estate industry – focus on Europe” analyzed the market for sustainable real-estate funds: the results indicate a clear focus of investors on Germany, Switzerland and Austria.The process of transformation of the finance industry shaped by sustainable investment aspects is gaining pace. There are two characteristics that define sustainable: an investment approach based on management of finance products, and the property level, i.e. a focus on the lifecycle of the properties in the case of real estate.“At present, the fund volume of all sustainable real-estate funds is approx. EUR 2.73 billion. This seems to be a lot at first glance, but compared to the entire European market of approx. EUR 11.04 trillion, this segment remains a niche category”, says Dr. Thomas Beyerle, Head of Group Research at Catella. “We were able to identify a total of 9 real-estate funds that are managed according to the basic standards of sustainability”, continues Beyerle.It becomes apparent that the European market primarily focuses on the so-called DACH regions (Germany, Austria and Switzerland). Switzerland in particular plays a leading role. “In Switzerland, real-estate funds make up 20% of the sustainable investment market. Germany has a slightly lower share, 17%. In Austria, sustainable real-estate funds currently account for only 1.7%. However, we expect this number to increase in the near future”, state the Catella analysts. By 2018, Catella forecasts a fund volume for sustainable property funds of EUR 3.2 billion.The topic of sustainability has become a firm investment criterion in portfolio management. Sustainable pension and equity products remain the most popular asset classes. However, the market for sustainable real-estate funds is increasing and still has considerable untapped potential.The complete Catella Market Tracker “Sustainability funds in the real-estate industry – focus on Europe” is available at http://www.catella.com/research.

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Catella: Asset management market in Europe benefits from value-added investors

Posted by fidest press agency su martedì, 13 giugno 2017

catellaThe new Catella Market Tracker „Strong focus on value-add investments“ shows a considerable interest in “value-add” investments by institutional investors. With major consequences for the value added in downstream asset management markets: for each euro invested, asset management measures worth 20 cents are capitalized.In 2016, properties with a total value of EUR 256 billion changed hands in Europe in the commercial segment (office and retail). Catella Research estimates that around EUR 50 billion of this (20%) is related to value-add properties. “As a basic scenario, we anticipate an average potential for resulting asset management services totaling at EUR 6 billion to EUR 10 billion by 2021” says Dr. Thomas Beyerle, Head of Group Research at Catella. On average, the AM potential thus comes to just under EUR 1.6 billion per year in Europe. “Based on the transaction data, we can see that in a comparison throughout Europe, the highest value-add transaction volume in 2016 was to be found in Germany (25%), the UK (22%) and France (14%)” Beyerle continues.But what comes after the “value-add” investment, do these properties in fact have structurally higher risks in relation to the specific properties, tenants and locations? In this complex risk-adjusted situation, asset management therefore also increasingly requires attention as a value driver, say the analysts of Catella. To put it more simply: for the investor, a value-add classification is associated with more work with the property itself. In the current positive market situation on the European property markets, nevertheless the complex situation represents an opportunity for an increase in value. Stabilizing or increasing the cash flow component is a tactical objective. Strategically, this should certainly be accompanied by an increase in the change-in-value yield at the total return level.Derived from the motives for value-add investments in the last years, profitable elements at property level will anticipate at the current purchase price by rational acting investors. Although general statements can only ever provide an indication and the operational value driver is only to be found at the level of the individual property, Catella assume that for each euro invested, asset management measures worth 20 cents are capitalized in the coming years. Nonetheless, documented expertise in strategic and operational asset management is essential.The complete Catella Market Tracker “Strong focus on value-add investments” is available at http://www.catella.com/research.

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How the markets may take investors by surprise

Posted by fidest press agency su martedì, 3 gennaio 2017

market.jpgSo it is not too difficult to see how the first surprise might play out. Expectations for the effectiveness of Mr Trump’s fiscal policies are extraordinarily high. But it takes time for such policies to be implemented, and they may be diluted by Congress along the way (especially on public spending). Indeed, it may well be that demography and sluggish productivity make it very hard to push economic growth up to the 3-4% hoped for by the new administration. Neither fiscal nor monetary stimulus has done much to lift Japan out of its torpor, after all. American profits, which were falling in early 2016, seem certain to rebound, particularly if the new administration pushes through corporate-tax cuts. But with the market priced on a cyclically adjusted price-earnings ratio of 28.3, according to Robert Shiller of Yale, a lot of good news is priced in. The ratio, which averages profits over the past ten years, is 70% above its long-term average.Meanwhile, the Federal Reserve is pencilling in three rate increases in 2017, something that will probably push the greenback higher (and reduce the dollar value of foreign profits for American multinationals). So the surprise might be that Wall Street will not be that great a performer in 2017.By extension, the second surprise may be that government bonds do not do that badly. The yield on ten-year Treasury bonds is already approaching the top of the 1.5%-3% range in which it has been trading in recent years. Private-sector borrowing costs, including corporate bonds and fixed-rate mortgages, tend to move in line with Treasury yields. Increased borrowing costs would have an adverse effect on economic activity. As a result, sharp rises in bond yields are often self-correcting, since weaker economic data tend to drive yields back down.The third potential surprise of the year might be a dog that doesn’t bark. The biggest worry of the fund managers polled by BAML is that of EU disintegration. As a result they have a lower-than-normal holding in European shares. But the EU might get through the year unscathed if Marine Le Pen is defeated in France’s presidential vote and Angela Merkel is re-elected in Germany. Populism does not win every time, as the recent Austrian presidential poll demonstrated. Indeed, the euro-zone economies could grow at a respectable 1.6% next year, the OECD forecasts. The continent might even seem a safe haven, given events elsewhere.Another potential surprise in 2017 could come from a big market disruption. There have been a few of these events in the past—from flash crashes to sudden leaps in bond yields. They seem to be the result of computer programs that trigger sales when specific price points are reached and a retreat by banks from trading, which has made markets less liquid. The trillions that flow through financial markets every day are also a tempting target for cyberwarfare and cybercrime. The big story of 2017 could be an inexplicable (if temporary) crash in a vulnerable market, such as high-yielding corporate bonds.The final surprise may be served up by that most enigmatic of metals—gold. Working out a target price for gold is a mug’s game. You can understand why investors bought gold when central banks started expanding their balance-sheets after 2008. But it is harder to explain why the price more than doubled in less than three years before falling back since 2011.As investors’ inflation expectations have risen since the American elections, gold might have been expected to rally. Instead, it has fallen sharply—perhaps because investors see the metal as an inferior alternative to the surging dollar. But gold is not just a hedge against inflation, it is also sought out in periods of political risk. And with the Trump administration apparently poised to pursue a more aggressive approach towards China and Iran, it is hard to believe that gold won’t find a few moments to shine in 2017. font: Economist.com/blogs/buttonwood

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Catella: Parking in Europe – investors focus on multi-storey car parks

Posted by fidest press agency su lunedì, 5 settembre 2016

Thomas BeyerleUntil now, multi-storey car parks have barely been on investors’ radars. Ongoing yield compression of traditional property investments is changing all that. There are currently around 300 million public parking spaces in Europe and 48,000 multi-storey car parks. However, there is a vastly diffuse nature to the companies that provide parking facilities, lacking in uniformity. Investors are becoming more aware of multi-storey car parks in terms of two essential aspects: cash flow and appreciation potential. Throughout Europe, Catella’s analyses indicate that the outlook for these two areas will remain exceptionally positive for the years to come. Average purchase yields in Europe are around 6.5 % at the moment, making them much higher than those for traditional investments in office and retail space. These are just some of the results from Catella’s analysis in the September 2016 market tracker.Catella defines the total population of the multi-storey car park market in Europe as around 48,000 properties. Around 40 % of these are operated by municipalities and commercial enterprises (e.g. shopping centres), 30 % are assigned to the entertainment industry (e.g. theatres/cinemas) and around 10 % are located at airports. The remaining 20 % can be assigned to a diffuse user structure.
With regard to yields from multi-storey car parks (total turnover in Europe in 2015: € 8.58 billion), Germany has the largest share at around 25 %, followed by France (17 %), the UK (16 %), Italy (15 %) and Spain (8 %). If we consider the number of off-street parking spaces by number of inhabitants, it becomes clear that the Nordic countries in particular have a high proportion of off-street parking. With 9.82 % and 8.25 % respectively, Sweden and Finland are significantly above the European average of 5.4 %. In Germany, this proportion is 6 %, and in Italy just 2.3 %.The trends towards car sharing, electric vehicles and highly automated driving do not pose any disadvantages in terms of investments in multi-storeys. On the contrary, they will boost demand for paid parking. Clear excess demand strengthens the market power of the operators and will generally enable higher prices,” says Thomas Beyerle, Head of Group Research at Catella.The Market Tracker – Parking in Europe is now available at http://www.catella.com/research. (photo: Thomas Beyerle)

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US Commercial Property vs other asset classes. Investable?

Posted by fidest press agency su lunedì, 1 agosto 2016

real estateWith the world still coming to terms with a major reformulation of the political order in Europe, and preparing for what promise to be unpredictable electoral contests in Germany and the US – investors currently face an uncertain world. Increasingly frequent terror attacks in Europe and elsewhere are fueling a rise in right-wing populism and protectionism that threatens to destabilise the global economic order. The confirmation of real estate mogul Donald Trump as candidate for the Republican Party in the US is a case in point, with Trump threatening to pull the US out of the World Trade Organisation in order to protect jobs in the US from the forces of globalisation. In Europe also, protectionist instincts will need to challenged as new trading arrangements are determined with the UK and negotiations continue around the troubled Transatlantic Trade and Investment Partnership with the US.The picture is not clear then, and there are many moving parts which look set to disrupt markets over the medium term. So where should investors looking to hedge against current uncertainty turn?While there is much uncertainty, and while stock markets globally took a hit following Brexit and are watching developments nervously, recent data from leading investment house MSCI could give pause for thought for those who think the days of double-digit returns are over.A report issued by MSCI in February revealed that US commercial property funds in 2015 grew a staggering 15.6% according to the PREA/IPD US Quarterly Property Fund Index1. Even more remarkably, investments in US commercial property have seen a cumulative return of 129% over the past six years.
In fact, US commercial property has outperformed other asset classes, including US bonds (up 4.39% over the period 2011 to 2015), stocks (up 13.45%), corporate bonds (up 4.72%) and commodities (down 10.93%)2.
But Brexit happened, a Trump Presidency looks far less unlikely than it did at the beginning of the year and growth continues to slow in China – surely these themes will change the dynamic?A key skill for any investor is being able to recognise opportunity – even in times of uncertainty. Market watchers should note of recent announcements from Juwai – China’s biggest international property portal – which is reporting interest in UK property having climbed 40% since the Brexit vote.
While uncertainty abounds, savvy investors realise that market fundamentals don’t change on the back of a single political development. And as in the UK, the fundamental forces at work in the US’ commercial property market create a sound environment for investors.Global pressures and uncertainty are likely to keep interest rates in the US low over the medium term, ensuring a steady flow of foreign money into the US economy. This in turn will continue to drive demand, and ensure good returns for those willing to invest in supplying this dynamic.One opportunity to do so is the investment from the Rycal Group, offering entry to the Carlton James Group who have an investment portfolio focused on the hospitality sector in the US. Carlton James been investing in this market for a while now, delivering returns averaging 17% for the last five years. With a strategy based upon wide-ranging geographical intelligence, Carlton James look also for additional Revenue Generators – for example taking into account a development’s proximity to highways, malls and economic infrastructure – as well as local economics.Simon Calton, CEO of the Carlton James Group and Rycal Group, says: “Geopolitical upheaval and changes of government have an immediate impact on share prices and investor confidence and can lead to rapid and unnerving market fluctuations. We saw this in the immediate aftermath of Brexit and we should expect more as November’s Presidential elections in the US draw nearer.”What we have also seen in the subsequent weeks however, is these fluctuations correcting themselves as they adapt to the new reality. The lesson is that investors should keep an eye on the longer-term, and the market fundamentals.”The US economy remains buoyant and, with the world unsure as to the status of relations between the UK and the EU, is likely to benefit from investors looking for a greater degree of certainty than is currently available in Europe.”Rycal have a strong track record of making our investments work by developing detailed exit strategies, a diverse portfolio of properties and deep investment intelligence, and we expect Carlton James to be a real source of growth over coming years.” (photo: real estate)

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Record broken in crowdfunding. Fastest exit on FundedByMe. Frontoffice gets listed on stockmarket 3 months after crowdfunding

Posted by fidest press agency su mercoledì, 25 Mag 2016

stoccolma1Stockholm, 24 May 2016: Swedish company reconstruction firm FrontOffice Nordic AB, which raised almost €600,000 from crowdfunding investors on FundedByMe in February 2016, has been listed on the Nordic Growth Market (NGM) stock exchange. This announcement makes FrontOffice the first successfully crowdfunded company in Scandinavia – and one of the first in Europe – to be listed on a stock exchange.Crowdfunding investors into FrontOffice – who could buy shares for a minimum investment of €53 – are now able to trade those shares on this regulated stock exchange, licensed by the Financial Supervisory Authority.“With the rate of market maturation, this is very exciting for FundedByMe – but also for equity crowdfunding globally,” says Daniel Daboczy, CEO and co-founder of FundedByMe. “I personally invested in FrontOffice and following this path to NGM has been thrilling. I firmly believe that this paves the way for other crowdfunding companies while reestablishing to investors the fact that equity crowdfunding is changing the finance and investment market for the better,” Daboczy continues.FrontOffice launched its crowdfunding campaign on FundedByMe on 25 November 2015 and closed it in mid-February 2016 after overfunding up to 111% from 183 investors. Since the company was founded in 2013, the aim had been to list FrontOffice shares on the stock market. “Both the company and the market was ready for a public listing and I believe that the visibility that comes with being listed on NGM will in turn enable us to help more customers,” says Johan Lund, Managing Director of FrontOffice Nordic AB (publ.).This listing comes in the same week as FundedByMe has launched its own equity crowdfunding round, which confirmed more than 80% of its €800,000 since opening 7 days ago. View that campaign here / http://fundedbyme.com/invest

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Catella: Increasing competition in the French property markets shows demand from investors

Posted by fidest press agency su domenica, 13 marzo 2016

Paris-antenne-vue-eiffel-tourThe new publication “Property Market Trends, France Spring 2016” provides an in-depth assessment of the commercial real estate market in France and its future perspectives. On the rental market in Île-de-France, the report identified several important trends. After a first half seeing take-up trending strongly downward, activity has been much more dynamic in the second half of 2015, thanks to a more favorable macroeconomic context. As a result, take-up has revived enough to see the year ending slightly better than 2014. In total, year-on-year take-up has grown by 1.2% to reach 2.21 million square meters. The small- and medium-surface markets have been the most dynamic: up 12% from 2014 with a transaction volume of almost 1.5 million square meters.While this is still well short of the record performances of 2006 and 2007, these are the best results in these size categories since 2008. However, take-up for surfaces of over 20,000 sq.m has been down since early 2015, showing an overall decrease of 37% compared to 2014, despite a recovery toward the year’s end. Vacancy rates have started to decline, driven both by a recovery in large-surface transactions in existing new buildings and a slight drop in releases. Overall, the vacancy rate in Ile-de-France fell slightly, by 0.3 point, to 7%. Headline rents have remained broadly stable and there has been a further increase in incentives, which reached 21.5% in Ile-de-France.As has been seen in the rental market, the investment market has experienced an exceptional second half of the year following its lacklustre first six months. €26.2 billion have been invested in the non-residential real estate market in France, up 2.5% over 2014. This result was only surpassed in 2006 and 2007. Despite this similarity, the two markets have followed very different trajectories in the past two years. The investment market continues to benefit greatly from the very high volume of liquidity available for properties, coupled with the relatively limited supply of same. This has generated, with increasing competition between players, higher values and severely reduced yields.Unlike in 2014, it has been transactions in the €100-to-€300 million range which have proved the strongest market impetus in 2015. But deals in excess of €500 million have shown a sharp decline after the truly outstanding performance the previous year. While offices have remained the most sought-after product type, warehouses have been the strongest growing product in 2015. Investment funds have strengthened their dominance in the French market, while there has also been a comeback by SIIC-listed companies, insurance companies and SCPIs.

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