European Investors

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.

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.

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.

Beginning with jubilant highs, net fund sales soon came to a screeching halt in 2018. What happened - and what lies ahead?

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.

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.

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.

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

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.

Presented by
Terry Farrow, ACIB, APFS, CFP, Chartered MCSI, Chartered Financial Planner, European Financial Planner (EFP)

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.

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.

How BLI has integrated non-financial criteria into its investment strategy

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. ***

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.

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

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.

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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.

With climate change concerns dominating the headlines, investor appetite for clean energy technology is soaring. Once considered risky and largely shunned by mainstream investors, it has now become a dominating force within the United Kingdom's rapidly growing technology startup scene.

ClearlySo CMO John Lloyd interviews clean energy and environment sector expert and Investment Manager Matias Wibowo to find out why.

This webinar will include:
- What are some of the innovative solutions helping to tackle the world's biggest environmental challenges?
- Where is the investment going? What types of businesses?
- Case studies
- Q/A

Join Tony Jordan as he goes through the Q4 performance of the Asia Pacific Equity Income fund.

Watch our Schroders ILS experts, Dirk Lohmann, Daniel Ineichen and Beat Holliger review the all-important January renewal season.