European Countries
Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Caproasia - Learn more



This site is for accredited investors, professional investors, investment managers and financial professionals only. You should have assets around $3 million to $300 million or managing $20 million to $3 billion.










BNY Mellon IM News & Views: Alcentra and Newton on Article 50 and Eurozone

BNY Mellon Investment Management (IM) | News & Views

Political uncertainty triggered by the UK’s decision to leave the European Union (EU) and fears over a raft of forthcoming national elections in Europe have led some commentators to predict the imminent demise of the eurozone.

With Greece also currently locked in talks with EU and IMF officials over ways to ease its ongoing debt crisis, market uncertainty remains a key theme among many European investors.



- Article continues below -



Sign Up
Basic Member: $5 Monthly | $60 Yearly
Newsletter Daily 2 pm (Promo): $20 Monthly | $180 Yearly (FP: $680)


The 2024 Investment Day
6th March Hong Kong | 13th March Singapore

Private Equity, Hedge Funds, Boutique Funds, Private Markets & more. Taking place on 6th March 2024 in Hong Kong, 13th March 2024 in Singapore.
Visit | Register here


The 2024 Family Office Summit
10th April Hong Kong | 24th April Singapore

Join 100+ single family offices & family office professionals in Hong Kong & Singapore
Links: 2024 Family Office Summit | Register here





 

Paul Hatfield, Global Chief Investment Officer at Alcentra

“Although the triggering of Article 50 shouldn’t come as a surprise to anyone, we believe it will still send a slight shockwave to the market as people focus on the reality of the task ahead and the implications of exiting the EU.  Sterling is likely to drop another level.  This will have implications for Sterling loans and bonds which could trade off and we expect to see less issuance of these as things play out.

“Year to date, Sterling high yield bonds have performed well outperforming Euro and Dollar high yield returns, so it wouldn’t be surprising to see a pullback from investors after Theresa May makes the announcement.  As has been the case for some time now, there is plenty of cash in the wings with buyers waiting to pick up what they see as bargains on any dips, so I don’t see a cataclysmic fall in markets, particularly as headline economic news has been fairly robust of late.

“With weaker Sterling, inflationary pressures are likely to continue to build and if the UK consumer continues to withdraw from retail spending, we may see some pain in that sector.  Against that, tourist spending has been very strong and with a lower pound, is likely to stay that way.”

 

Jon Day, Fixed Income Portfolio Manager at Newton Investment Management

“While there are some genuine investor concerns on Europe, we do see signs the regional economy is picking up. Ironically, without some of the current background political uncertainty, most investors would probably be quite comfortable with the latest European economic outlook.

“Despite some fairly gloomy predictions it could be argued that, with the exception of bond markets, a lot of the European assets currently being affected by political risk actually look quite cheap. And while Europe remains politically volatile, volatility itself can also provide opportunities – because the underlying risks which drive it often turn out to be less extreme than markets initially fear.

“In early March the euro rose 0.7%, hitting a weekly high of US$1.0615, while the German Bund reached its highest level since February on news European Central Bank (ECB) President Mario Draghi had declared victory on deflation. The ECB no longer had a “sense of urgency” on doing more to bolster eurozone growth and inflation via its quantitative easing programme. Against this improving economic backdrop, the political risk inherent in upcoming elections in France and Germany is also less stark than in the 2016 UK referendum and the US election, though it is important to caution that further political upset cannot be entirely ruled out.

“While upsets can happen I’m more relaxed about political risk in 2017 than last year because the two major political events of 2016 – the Brexit vote and the Trump election in the US – were very much binary 50:50 decisions and, as we saw in the Dutch election, the European elections are much less clear cut. Given improving economic data, the euro looks safe for the foreseeable future but it is what happens in the next recession that is likely to be decisive, given the underlying structural issues some eurozone members face. Recent history suggests we will probably see a recession in Europe at some point within the next 10 years and without real economic improvement the eurozone could face that from a very weak position, particularly if unemployment were to rise substantially.”

Alcentra and Newton Investment Management are part of BNY Mellon

 

About BNY Mellon Investment Management (IM)

BNY Mellon Investment Management (IM) is the world’s largest multi-boutique asset manager, with US$1.6 trillion under management.  We have a breadth of investment experts and spokespeople across every major asset class.




Managing $20 million to $3 billion. Investing $3 million to $300 million.
For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm.

Join Events & Find Services
Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more.  List hard-to-find financial & private wealth services.

Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected]

Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets?



Quick Links


2021 Data Release
2020 List of Private Banks in Hong Kong
2020 List of Private Banks in Singapore
2020 Top 10 Largest Family Office
2020 Top 10 Largest Multi-Family Offices
2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion
2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM


For Investors | Professionals | Executives
Latest data, reports, insights, news, events & programs
Everyday at 2 pm
Direct to your inbox
Save 2 to 8 hours per week. Organised for success

Register Below

For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors

Get Ahead in 60 Seconds. Join 10,000 +
Save 2 to 8 hours weekly. Organised for Success.

Sign Up / Register


    InvestorProfessionalFamily OfficeExecutive


    SubscriptionMembershipEvents


    Professional InvestorPrivate WealthFamily OfficePrivate BankingWealth ManagementInvestmentsAlternativesPrivate MarketsCapital MarketsESG & SICEO & EntrepreneursTax, Legal & RisksHNW & UHNWs Insights










    Web links may be disabled on mobile for security.
    Please click on desktop.










    Caproasia Users

    • Manage $20 million to $3 billion of assets
    • Invest $3 million to $300 million
    • Advise institutions, billionaires, UHNWs & HNWs

    Caproasia Platforms | 11,000 Investors & Advisors

    Monthly Roundtable & Networking

    Family Office Programs

    The 2024 Investment Day

    • March 2024 - Hong Kong
    • March 2024 - Singapore
    • June 2024 - Hong Kong
    • June 2024 - Singapore
    • Sept 2024 - Hong Kong
    • Sept 2024 - Singapore
    • Visit: The Investment Day | Register: Click here

    Caproasia Summits

    Contact Us

    For Enquiries, Membership
    [email protected], [email protected]

    For Listing, Subscription
    [email protected], [email protected]

    For Press Release, send to:
    [email protected]

    For Events & Webinars
    [email protected]

    For Media Kit, Advertising, Sponsorships, Partnerships
    [email protected]

    For Research, Data, Surveys, Reports
    [email protected]

    For General Enquiries
    [email protected]





    Caproasia | Driving the future of Asia
    a financial information technology co.
    since 2014




    Previous articleWhere Should You Work if Your Client Gives You $100 Million?
    Next articleHSBC Plans to Increase Headcount in China
    Caproasia.com covering capital markets, investments and private wealth in Asia. Our users manage, advise & invest $25 trillion assets in Asia