This community is for investors who work within the European market providing client and portfolio management advice. Join to learn from trusted investors on the latest trends and account strategies for delivering consistent results and long term success.
Fabien Couderc, Chief Technology OfficerRecorded: Feb 19 201966 mins
Market turmoil and global events led to a major decline in equity markets by the end of 2018. Did active managers cope with the fall and did risk management models and systems make the grade? What are the current requirements of risk technology and how will these needs evolve in the future?
In this webinar, we discussed the challenges buy-side firms face and their top requirements for risk management technology.
Gregg Guerin, Senior Product SpecialistRecorded: Feb 19 201964 mins
Forecast: Cloudy with a strong chance of innovation and growth
The growth Cloud Computing has experienced in the last decade is showing no real signs of slowing down.
In fact, at First Trust, we are confident the innovative technology has the potential to change the world across both business and social boundaries…while being the next big step in the history of computing.
The market estimates are also positive, with the International Data Corporation estimating that the Cloud Computing market will achieve a compound five-year annual growth rate (CAGR) of 21.9% between 2016 and 2021.
As part IV of First Trust’s “Power of Thematic Investing Series” this webinar will discuss:
• What is Cloud Computing
• Brief history of Computing
• Previous Estimates on Cloud Computing Growth
• Cloud Computing Actual Growth & Forecasts
• Introduction to First Trust’s Unique Pure-Play Cloud Computing UCITS ETF (FSKY)
Anthony Renshaw, Ph.D., Director of Index Solutions at AxiomaRecorded: Feb 15 201940 mins
Environmental, social and governance (ESG) data availability, marketing presence and regulation have increased dramatically in the last few years. According to PwC’s 2016 ESG Pulse study, as recently as 2011, only 20% of the companies in the S&P 500 Index even reported ESG metrics; the percentage is now over 80%.
In this webinar, Anthony Renshaw, Ph.D., Director of Index Solutions at Axioma discussed his recent whitepaper, ESG’s Evolving Performance: First Do No Harm where he evaluated the investment performance of ESG, paying particular attention to recent performance and highlighting the difference between ESG scores that overlap with traditional risk model factors and those that don’t.
Christoph V. Schon, Executive Director of Applied ResearchRecorded: Feb 15 201954 mins
The last quarter of 2018 saw profound changes in the risk environment and multi-asset class correlations. While in early October, markets were still concerned about high inflation caused by strong labor conditions market and wage growth, traders have since dramatically lowered their interest rate expectations, fueled by ‘dovish’ Fed comments. In this webinar, Christoph V. Schon, Axioma's Executive Director of Applied Research, examined how portfolio risk has changed from very little diversification in a climate of inflation fears to a ‘flight-to-quality’ environment entirely dominated by stock market volatility.
On 15 February 2019 at 15:00 CET, James Ross, Co-Manager of the Janus Henderson Horizon Pan European Equity Fund, will deliver the latest update on his quality growth European equities strategy. As part of his presentation, James will provide an overview of the current market backdrop, and the prospects for better quality, more defensive stocks in 2019.
David Knutson, CFA, Head of Credit, Americas, SchrodersRecorded: Feb 14 201938 mins
In this edition of Credit Insights, David looks at the explosion of triple-B bonds in the IG universe, the recent high yield retracement, and what the Year of the Pig may have in store regarding China’s economic growth & the trade war dispute.
Stefania Paolo, Head of Sales BNY Mellon IM Italy e Catherine Doyle, Investment Specialist BNY Mellon Global Real ReturnRecorded: Feb 14 201954 mins
Catherine Doyle, Investment Specialist del fondo multi-asset globale BNY Mellon Global Real Return, offre un aggiornamento dettagliato sull'andamento del fondo, sul posizionamento di portafoglio e sull'outlook di mercato del team di gestione.
Brendan Ahern, Chief Investment Officer & Dr. Xiaolin Chen, Head of InternationalRecorded: Feb 13 201953 mins
Chinese retail web sales totaled US$1.14 trillion in 2017 (over twice as much as the United States), and online shopping accounted for 19.6% of all retail purchases. Despite the massive size of China’s online retail market, it still has room to grow, with an internet penetration rate of only 57.7% as opposed to 88.5% in the United States.
KraneShares Chief Investment Officer, Brendan Ahern, provides an introduction to the growing China Internet sector and the KraneShares CSI China Internet UCITS ETF (ticker: KWEB), now available on the London Stock Exchange.
Únase a nuestra próxima presentación de Didier Saint-Georges, Managing Director y Miembro del Comité de Inversiones, en la cual presentará nuestra visión para 2019 así como un resumen de la actual estrategia global de inversión.
Gordon Kerr, Head of European Structured Finance ResearchRecorded: Feb 12 201940 mins
DBRS Ratings Limited (DBRS) invites you to attend a webinar titled, “Non-Performing Loans - Emergence of a New Asset Class” on 12 February 2019 at 10 a.m. EST/3 p.m. GMT/4 p.m. CET.
The webinar will be hosted by Gordon Kerr, Head of European Structured Finance Research, in London. Gordon will be joined by Elisabeth Rudman, Managing Director, Head of European Financial Institutions Group; Christian Aufsatz, Managing Director, Head of European Structured Finance; and Alessio Pignataro, Senior Vice President, European ABS.
Topics discussed will concentrate on DBRS’s Sovereign, Financial Institutions and Structured Finance teams’ evaluation of performance and outlook for the European non-performing loans (NPL) market in 2019 and beyond.
Europe’s banks have made significant progress in reducing the large stock of NPLs accumulated since the financial crisis, but a number of countries whose banks have high levels of NPLs still have a long way to go. DBRS has assigned ratings to 20 European NPL securitisation transactions to date (14 in Italy, four in the Republic of Ireland and two in Portugal) and rated these transactions with its methodology focused on servicer or sponsor expectations of recoveries. With only just over two years since the first publicly rated Italian NPL securitisation transaction was issued, it is still too early to know how these deals are truly performing. However, the data that DBRS has analysed has provided some interesting insights.
Please join our analysts to discuss these topics in brief on 12 February. The discussion will last approximately 45 to 60 minutes and will be followed by an interactive question-and-answer session. DBRS welcomes all who wish to participate.
David Schofield and Iheshan FaaseeRecorded: Feb 12 201933 mins
Date: 12 February 2019 | Time: 2pm (GMT)
Volatility is one of the few things we can be sure of in stock markets, and it certainly seems to be back with a vengeance since October of last year. The fact that stock prices and markets move around is a given, but interpreting the fundamental macro or micro-economic drivers of that volatility is more challenging.
But is this really necessary? And indeed, is volatility something to be feared, to be eradicated wherever possible? Since volatility is itself volatile, should we always try to hide from it or are there times we can harness it as a useful indicator and a source of return? Can portfolios that adapt their risk exposure based on current volatility in the market be more efficient than simply allocating between low volatility and core equity strategies?
Intech has over 30 years’ experience in understanding and making use of volatility to build equity portfolios with a variety of different risk and return characteristics. This session will focus on:
•Understanding the relationship between volatility and market drawdowns
•The behaviour of markets in different volatility regimes
•Building portfolios that vary their beta in a timely fashion to these changing regimes without timing the market
Terry Farrow, ACIB, APFS, CFP, Chartered MCSI, Chartered Financial Planner, European Financial Planner (EFP)Recorded: Feb 12 201931 mins
Boutique Investment Management firm Charteris bring forward one of their experienced financial professionals to discuss current topics affecting markets from a global macro perspective. We will look at the themes, issues and outline predictions in the commodity space for the coming year.
Terry Farrow, ACIB, APFS, CFP, Chartered MCSI, Chartered Financial Planner, European Financial Planner (EFP)
Johan Utterman, Co-Manager of LO Funds–Golden AgeRecorded: Feb 12 201932 mins
In this live webinar, Johan Utterman, Co-Manager of the LO Funds–Golden Age, will explain how the fast-growing and increasingly wealthy ‘silver’ generation presents sustainable investment opportunities.
Jesper Koll, WisdomTree's Head of JapanRecorded: Feb 12 201944 mins
2019/20 is poised to be a relatively good year for Japanese risk assets, with a focus on Japan small-cap equities in particular. The deep-value of attractive valuations can potentially be unlocked by the combination of positive domestic growth surprises, rising M&A activity, as well as stable monetary and fiscal policy support. Against a backdrop of global uncertainty, Japanese domestic small cap stocks appear a great place to hide for outperformance.
Attendees will be eligible for 50 minutes of structured CPD credits.
Christopher Bates (FTSE Russell), Fong Yee Chan (FTSE Russell), Patrick Kondarjian (HSBC)Recorded: Feb 12 201943 mins
FTSE Russell is delighted to announce the launch of a new custom UK equity index, based on its ESG Ratings: The FTSE UK 100 ESG Select Index, resulting from a close collaboration with HSBC Bank’s Client Solutions Group.
The FTSE UK 100 ESG Select Index is designed to measure the performance of the top 100 ESG-rated companies within the FTSE All-Share Index, as demonstrated by their Environmental, Social and Governance practices.
The constituents are weighted on their investable market capitalization. The index rebalances quarterly, in line with the FTSE UK Index Series. This transparent methodology achieves index exposure to the UK equity market whilst considering the companies’ ESG Ratings.
FTSE Russell and HSBC are delighted to invite you to join this webinar where you will gain insights into UK equity macro trends, FTSE Russell ESG Ratings, and investing in ESG via structured products.
This webinar will cover:
• UK Equity perspectives for 2019 and beyond
Christopher Bates, associate director, global research, FTSE Russell
• Integrating sustainability and ESG considerations into benchmarks
Fong Yee Chan, senior product manager, sustainable investment, FTSE Russell
• Meeting clients’ demand for ESG solutions & Creating an ESG index to support the transition to sustainable investments
Patrick Kondarjian, EMEA Head of Sales, Equity Derivatives, HSBC
• Q&A from the audience
*** Please note that this webinar is addressed exclusively to professional investors in jurisdictions where HSBC investments or products are approved for distribution. ***
HANetf and Kevin Carter Founder & Chief Investment Officer, EMQQRecorded: Feb 6 201931 mins
As the trade war with China rages on and emerging market equities enter a full bear market, do you know the best opportunities to capitalize on in 2019? HANetf and EMQQ Index will explore the improving fundamentals in the consumer growth story of emerging markets and identify a unique set of circumstances created for investors by the trade war.
Nick Samuels, Redington; Bernie Nelson, Style Analytics; Nick Fitzpatrick, Funds EuropeRecorded: Feb 6 201946 mins
For Asset Owners, the ability to compare equity fund managers for hiring, firing, and allocation decisions lies at the heart of the investment decision making process. With the rise of both factor investing and smart beta products adding to the spectrum of equity funds available to investors, the decision to choose a new manager has become increasingly difficult.
On the investment manager side, the current fee conscious environment and growing trend to move to lower cost index solution, is putting a strain on active managers. Now more than ever managers need to prove their skill and differentiate themselves from their increasing competition.
During this webinar we will cover:
• Different approaches to factor analysis
• The importance of using factor analysis in the manager selection process
• How factor attribution can isolate an investment manager’s skill
Mike Brooks, Head of Diversified Assets, and Scott Kay, Senior Investment SpecialistRecorded: Feb 5 201929 mins
Please join us to hear an update from Mike Brooks, Head of Diversified Assets, and Scott Kay, Senior Investment Specialist, covering key themes within the portfolio and a summary of current positions and outlook.
There will be an opportunity to submit questions during the webcast.
0800 368 0707 - UK Toll Free
PIN: 9975 890#
For international dial in details please look in attachments.
Gergely Majoros, Mitglied des Investmentkomitees, erläutert Ihnen innerhalb von ca. 30 Minuten unsere aktuelle Markteinschätzung und unsere globale Investment-Strategie für 2019.
Ihre Fragen werden im Anschluss an die Präsentation beantwortet
Find out more about the future of mobility. Connectivity, Autonomous, Sharing and Electrification are the four key drivers that will change the way we move. The mobility revolution is here. And the BNY Mellon Mobility Innovation Fund gives you the opportunity to be a part of it.
Technology continues to take share from traditional business models but does that change with a more uncertain macro-economic outlook and increasing regulatory risk? In this webcast, Graeme Clark, portfolio manager on the Janus Henderson Global Technology Team, will cover:
• Strong long-term secular drivers powering technology share gains
• Technology outlook in light of more uncertain macro-economic conditions, trade tensions and increasing regulatory focus
• Navigating the hype cycle to reduce volatility in technology investing
• The increasing importance of valuation discipline
• Performance update and outlook.
Additional information on the benchmark
The Benchmark administrator, MSCI Limited, restructured the Benchmark on 30 November 2018, meaning the constituents of the Benchmark will change with the reclassification of certain companies in it to another benchmark. As a result, the Management Company and the Investment Manager have jointly concluded that the Benchmark will no longer be appropriate for the calculation of the Performance Fee going forward and may be potentially disadvantageous to Shareholders.
Accordingly, in advance of being able to identify a more appropriate benchmark for the Performance Fee calculation, the Management Company and the Investment Manager will waive any Performance Fees that may accrue and be payable for the Share Classes as of 1 December 2018 until further notice.
Human activities are accelerating environmental changes, notably in the form of climate change, pollution, and habitat loss. These environmental changes can lead to adverse consequences for businesses and for the financial institutions that provide services to them as the conditions for economic activities change. Financial institutions wishing to understand and assess their exposure to these risks need comprehensive and systematic information on how businesses depend on the environment and the consequences they face when that relationship is disrupted by environmental change.
For this reason the Natural Capital Finance Alliance, funded by the Swiss State Secretariat for Economic Affairs (SECO) and the MAVA Foundation, has come up with tools and insights to help practitioners identify material natural capital risks and opportunities within their portfolios and integrate these considerations into financial decision making. The webinar will provide an overview of the recently launched ENCORE tool (Exploring Natural Capital Opportunities, Risks and Exposure). It also marks the official online launch of the NCFA’s latest report produced by PwC, which applies the ENCORE tool to develop a natural capital assessment framework for enhanced portfolio risk management in banks.
Francesco Curto, PhD, Head of CROCI; Colin McKenzie, Head of CROCI IntelligenceFeb 25 20192:45 pmUTC45 mins
During the past decade, equity investors have benefitted from two principal trends: the inflation of asset prices via quantitative easing and strong earnings growth from the Technology sector. Both these trends are now showing signs of fatigue. In 2019, investors face a choice between Scylla and Charybdis.
For investors, Charybdis is the central banks’ tightening programmes: excessive tightening risks creating a whirlpool which rapidly deflates asset prices. The alternative is Scylla: this would involve fewer rate hikes, a synchronised global economic slowdown and the hope that the journey does not veer off course. Odysseus chose Scylla—a rational choice that kept the ship safe in return for the sacrifice of a few sailors. Conservatism might dictate a similar choice to policymakers now.
Our bottom-up analysis suggests that a slowdown is well underway, with capex falling and risk premia rising. Equity valuations may still be rich at the market level, but there are few alternatives available to investors and good pockets of value are starting to emerge for astute investors.
Arti Bareja, Head of Investor Relations at ClearlySo | Martin Jacobson, Impact Investor | Nicolas Cardyn, Impact InvestorFeb 25 20193:00 pmUTC45 mins
Impact investors come in all shapes and sizes, and from all backgrounds including the world of poker. In 2014, Martin Jacobson won the World Series of Poker, the $10,000,000 prize was the fifth largest single payout in the history of the tournament. Nicolas Cardyn is also a professional poker player, as well as an investor in startups and the stock market, with lifetime winnings now exceeding $1,000,000. Both are now members of the ClearlySo Angels - the UK's leading group of high-net-worth individuals and families focused on creating social and environmental impact alongside financial return.
During this webinar, ClearlySo Head of Investor Relations Arti Bareja will interview Martin and Nicolas to discover what led them to impact investing, the types of impact they are most interested in, and discuss what angel investors should be looking out for when investing in early stage growth businesses.
Join Alex Chen Associate Director, Yang Wang Director Research & Analytics FTSE RussellFeb 26 20199:30 amUTC45 mins
Increased market volatility is rarely a welcomed phenomenon; but how might investors approach a market characterised by it?
Join Alex Chen Associate Director and Yang Wang Director Research & Analytics as they explore, with reference to their recently published paper, ‘Accessing the China A-Shares Market via Minimum-Variance Investing, in the Journal of Portfolio Management, how best to participate in the China A Shares market when looking to limit overall portfolio risk.
On 26th February at 15:00 CET, Fund Manager Steve Johnstone will be holding a webcast on the Janus Henderson Global Equity Market Neutral strategy. With the strategy approaching its 2-year anniversary, Steve will give a re-cap on its aims and investment process, as well as discuss performance drivers and improvements to the manager line-up.
Nick Payne, head of global emerging markets, will update you on recent developments in global emerging markets equities, where headwinds faced by the asset class in 2018 have been showing signs of easing into 2019.
He will detail why he believes that emerging markets equities remain undervalued despite this year’s rally, and explain why he favours investing in higher quality companies.
As always, Nick will be happy to take your questions.
Chi Lo and Steve FriedmanFeb 28 20193:00 pmUTC45 mins
The economic relationship between China and the US will be central to the global economy for years to come. So what do we expect to see?
During this 45-minute webcast presentation our Senior Economists from both the US and China will discuss the current relationship, their economic outlooks for both countries, and the following topics:
• The differences between China’s policy in this easing cycle from past cycles and assessment on the new policy’s effectiveness on upholding growth
• When we should expect to see the impact of China’s easing measures on growth and the markets
• An explanation on why China wants a trade deal and how the US feels about this
• What a framework change would mean to the FOMC who continues to struggle to reach its inflation objective
• The likely culprits and risks to a potential looming recession in the US
David Eiswert; Laurence TaylorMar 5 20193:00 pmUTC60 mins
Crisis, slowdown, technical sell-off, buying opportunity? Recent months have reinforced the complexities that global equity investors are facing in this late stage of the cycle. Now in the 11th year of what has been an extraordinary bull market, what is the case for equities looking forward and how can investors position portfolios for a world being shaped by rapid secular change? In this webinar, Global Focused Growth Equity Portfolio Manager David Eiswert will discuss our perspectives on equities, including cyclical and secular change and highlight how his views are shaping our portfolio today.
Triodos Investment ManagementMar 12 20199:00 amUTC45 mins
Finance enables people to secure fundamental needs such as housing, education, energy and healthcare. However, globally, 1.7 billion people are without access to basic financial services, and 65 million micro, small and medium-sized business in emerging economies have unmet financing needs.
This webinar will address the following questions:
- What is Financial Inclusion?
- How does Financial Inclusion impact Emerging Markets?
- How many people are reached?
- What is Triodos IM's approach?
- What are trends and developments in this dynamic sector?
Ned Naylor-Leyland, manager of the Merian Gold & Silver Fund, will give an update on the fund, its positioning and the likely opportunities and challenges over the coming months. He will look at the qualities of gold, silver and their underlying equities, and why the advent of heightened volatility could prove a real bonus for holders of the asset class.
Participant Dial In Number(s):
+44 (0) 20 3003 2666 - Standard International Access
0808 109 0700 - UK Toll Free
1 866 966 5335 - USA Toll Free
Kenneth Orchard’s Diversified Income Bond strategy seeks to provide attractive income by exploiting a diversified global opportunity set. Join him as he explores issues facing global investors, including the outlook for global growth (will the US “catch down”, or will the rest of the world catch up?), monetary policies, and volatility. He will also discuss where he sees risks and opportunities, and how to navigate uncertain markets in 2019.
Key topics to be discussed include: aviation industry performance; scheduled lease expirations; valuation and volatility considerations; and developments in DBRS's aircraft and aviation related methodologies.
Hosted by Chris D’Onofrio, Managing Director, U.S. ABS, the discussion will also feature commentary from David Laterza, Head of U.S. Non-Bank Financials and Mark Hirshorn, Senior Vice President, U.S. ABS.
Key topics to be discussed include: the evolution of finance; FinTech's influence around the globe; growth hurdles; and securitization considerations.
Hosted by Chris D’Onofrio, Managing Director, U.S. ABS, the discussion will also feature commentary from Gordon Kerr, Senior Vice President, Head of European Research and Imran Ansari, Vice President, U.S. ABS.
Guido Giammattei, RBC, and Alex Edmans, London Business SchoolApr 4 20192:00 pmUTC30 mins
Please join us for a webinar on 4th April where Guido Giammattei, Head of Research, RBC Emerging Markets Equity, and Alex Edmans, Professor of Finance at the London Business School, will discuss executive pay and incentives.
Alex will present the findings from his paper The Long-Term Consequences of Short-Term Incentives which provides evidence of the negative impact of short-term CEO incentives on the long-term value of a company.
Guido will discuss the chapter on management incentive schemes from the Emerging Market team’s 2018 ESG Report which questions whether or not the increase in incentive pay is correlated to shareholder returns over the longer term.
Please join us to hear an update from Fund Manager Neil Richardson and Global Asset Specialist William Martinez covering key themes within the portfolio and a summary of our current positions and outlook.
There will be an opportunity to submit questions during the webcast.
For international dial in details please look in attachments.