A continued sharp fall in the use of cash for retail payments in Sweden has led the country’s central bank to consider proposals for an ‘e-krona’, which local press have reported could be introduced as soon as late 2018. The Riksbank, which claims to be Europe’s oldest central bank, founded in 1668, stated that cash […]
In an exclusive podcast for InvestmentEurope, hosted by Jake Moeller, head of UK and Ireland Research at Thomson Reuters Lipper, David Coombs, head of Multi-Asset Investments at Rathbones cites ongoing uncertainty around Brexit as a key reason to avoid UK domestic assets – he even suggests that a second referendum could be possible. Certain asset valuations additionally […]
Jim Leaviss, head of Retail Fixed Interest at M&G Investments, has given his views on the current fixed income environment during a session of the Morningstar Investment Conference in London on 10 May. Leaviss pointed out some 650 interest rate cuts have been made by central banks around the world since the financial crisis of 2008. […]
With inflows into money market funds on the rise and ECB deposit rates being reduced further, there is an ongoing debate whether rising cash holdings are benefitting or hurting investors in Germany. In The General Theory of Employment, Interest and Money, economist John Maynard Keynes asked why investors would prefer to hold cash, given that interest rates could not turn negative. Today, […]
Helicopter money is moving onto central banks’ radar as they run out of ammunition to stimulate economies, says Robeco CIO Lukas Daalder. It follows fears that after years of historically low interest rates that in some countries are now negative, and endless quantitative easing through bond purchases, the time may be coming to give cash […]
Big cap fund managers will be considering the implications of Moody’s Investors Service latest estimate of non-financial companies across Europe, the Middle East and Africa sitting on some €870bn in cash. According to the rating agency’s data, this represents an increase of some 6% over the previous year, and means that the 10 cash richest […]
Societe Generale has issued Bonus Certificate with bearish digital coupon, a certificate quoted on the Euro TLX to allow investing in the US equity market as well as in the dollar. The certificate, issued and traded in dollars, will be indexed against the S&P 500 and will have a five-year maturity. On maturity, the certificate will […]
Over the past couple of years, negative yields and a high opportunity cost steered us away from cash. But, the world is changing because, says Wouter Sturkenboom, Senior Investment Strategist at Russell Investments Disliking cash was easy… In a world of dovish central bank policy, it was easy to dislike cash. After all, central banks clearly […]
The Bank of China has now been authorised to operate as trading and clearing participant via its Frankfurt branch on the Deutsche Boerse cash market, providing Chinese issuers and Asian investors direct access to German and European cash markets. “We are pleased to be able to offer our Chinese issuers direct access to one of […]
Rising geopolitical temperatures combined with the threat of rising US interest rates have led global investors to scale back risk and take cash levels to two-year highs, according to the BofA Merrill Lynch Fund Manager Survey for August. According to the report, which polled 177 managers globally, investors have shifted robustly into cash with a net […]
The days of relying on banks to accept unsecured overnight cash and be paid for it are no longer a guarantee says Angela Osborne co-head of Agency Cash Management at multi-asset brokerage and clearing house Newedge.
Lyxor International Asset Management has decreased commissions charged on its Lyxor ETF Euro Cash from 0.085% allo 0,075%.