Reykjavik Roundtable kicks off
InvestmentEurope’s Reykjavik Roundtable 2018 has kicked off in Iceland’s capital, bringing a diverse set of investment ideas to the local fund selector community for a second year in a row.
Groups taking part include DWS, First Trust Global Portfolios, MainFirst Asset Management, and Oddo BHF Private Equity. Collectively they are set to discuss emerging markets, the secondary market in private equity, ESG and its role in portfolio risk management, and the outlook for eurozone equities.
Iceland’s fund selector community continues to refine up its expertise across asset classes following many years of capital controls that effectively ended active searches beyond local government debt, cash deposit opportunities, and the domestic stock market.
The release off the controls was staggered, but local investors have for the past 18 months increasingly been eyeing up diversification opportunities.
Simultaneously, the significant growth in the local tourism sector amid general economic recovery has seen assets of the country’s leading pension funds soar, meaning that there is a growing need to diversify against factors such as the relative age profiles of the various DC schemes.
Government debt remains attractive because the higher rate of inflation experienced locally means yields are higher than other developed market government debt, but selectors are seeking more ideas across the credit spectrum.
The strong growth in tourism has put pressure on local infrastructure, in turn leading to discussion in the country’s Parliament on what infrastructure projects to prioritise, and how to fund additional infrastructure.
To follow live reports from the event search out the hashtag #IEREYKJAVIK on Twitter.
A full event report will feature in the next issue of the InvestmentEurope magazine. Presentations put forward at the event will also be available through the ‘Past Events’ section off the InvestmentEurope website for buy side professionals.