Latest from IPE Magazine – Page 717
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Features
Narrowing focus to go global
Talking to Mellon’s Martin McGuinn makes it patently clear that last year’s deal to hive off its traditional retail and small business banking business Citizens, the Royal Bank of Scotland’s US subsidiary, marked a giant step for the Philadelphia-based group. He makes no secret of the fact that his objective ...
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Features
Widening your options for currency returns
Currency overlay, the process by which institutional clients are able to overlay the expertise of currency managers on currency exposures inherent in international investing, has become a necessary part of investment management globally as funds increasingly invest abroad. As with any other investment area, there are multiple styles that can ...
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Features
Free float gives MSCI an edge
Dramatic changes were made to the benchmark and domestic indices used by most investors last year, say analysts at Deutsche Bank. “Index providers have effectively converged in terms of general methodology and this has influenced the local indices as well,” the bank says in a report. Looking ahead at the ...
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Features
Corporates bring market to life
No longer the poor relation of the capital markets, the fund management industry has continued to grow and develop both in stature and capability, and most especially within Europe. Perhaps some of the most fundamental changes have been seen on the fixed income side, itself often considered the ‘dull’ partner ...
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Features
Making full use of what's available
As the range of opportunities in the global fixed income market expands, the benchmark indices against which investment performance is measured must be re-examined. The complexion of the market, historically dominated by sovereign debt, is changing with increased issuance from non-sovereign entities including private corporations and collateralised lenders. In fact, ...
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Features
Window is closing
The world outside the capital markets tends to view all within as dreadfully short-termist, while those in the know point an accusing finger at the fixed income community (who in turn ‘tut tut’ in disapproval of the foreign exchange community’s urges for instant trade gratification). So trying to attract attention ...
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Features
Indexing puts pressure on indices
Index tracking for fixed income portfolios is growing in Europe, as the bond markets continue to become more diverse and more sophisticated. The fixed income arena has followed the trend for indexing as a whole, benefiting from the same sorts of advantages – in particular in terms of cost savings, ...
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Features
CEE instruments attractive opportunity
Central and Eastern European (CEE) markets continued to outperform developed markets and other emerging market last year. This development was mainly supported by efforts to speed up the EU enlargement negotiations. EU accession, which structures the reform process in these transition countries and leads to closer approximation of western standards, ...
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Features
Investors hungry for pfandbrief
During the past few years, there has been dramatic growth in institutional investor acceptance and investment into pfandbriefe and covered bonds around the world. Most of the current benchmark issues are being placed with investors outside of the home country of the issuer. What is interesting to note is not ...
