Violaine de Serrant

Update on copper prices : in selloff mode after the rally ! The price of the red metal has just suffered its biggest weekly loss since September 2022 as the high hopes expected from Chinese authorities to support demand for metals have failed to show up. Global copper inventories have exploded in recent months, especially in China. This rise reflects the slowdown in local real estate while the overproduction of capital goods linked to the energy transition has probably eroded demand as well. In addition, the surge in the price of copper, very tangible a few months ago, has clearly dampened buyers' appetite. As a result, its price, which had almost gained 30% during the first five months of the year, has lost 15% since then (including last week's 6% drop). That said, the long-term outlook for the red metal remains favorable given increased demand linked to the green transition (although optimistic projections may not fully materialize). Regarding supply, bottlenecks are building up due to underinvestment in project discovery and development and could imply a chronic deficit in supply. Although not everyone subscribes to these gloomy forecasts on supply. In the past, future supply shortfalls have already been announced, but which did not occur. Substitution and reduction in copper use can also occur if prices remain high. And let's not forget that copper is a recyclable element. Overall, copper prices will probably rise in the future, but be wary of sometimes fanciful targets predicting a quadrupling of the price as the current sequence shows that investors can also get their fingers burned ! AG Insurance #markets #economy #finance #financenews #investments #investmentnews #investmentinsights Thanks to Trends Canal Z and Marion Boxho

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📆 [#AmundiWIF] In her opening speech at the Amundi World Investment Forum, Valérie Baudson identified 5️⃣ dynamics at work in the #assetmanagement industry: 🔹 Asia’s growth which creates room for investment solutions to address the needs of its wealthier population; 🔹 ETFs’ continuous and sustained growth, supported also by institutional investors; 🔹 Alternative Assets are on the rise; 🔹 Technology is essential to serve clients; 🔹 Responsible Investing is here to stay with emerging markets being part of the trend. Needless to say, Amundi is well equipped to leverage on the above and offer solutions to clients worldwide. Find out more⤵️ https://lnkd.in/d6XUUezD

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Today, Amundi's publishes its 1st half and 2nd quarter 2024 financial #results, showing a strong net income growth of 9.4% and high net inflows of €15bn.   The breath of our offerings has been a significant asset in meeting the diverse needs of our clients. We had a positive momentum in both active management ( €8.0bn), particularly in fixed #income & structured products, and passive management ( €6.0bn). Commercial activity was particularly strong and accelerating in the 9 countries in which we operate in #Asia with €22bn of inflows in H1.   The higher profitability has been achieved through both: ➡️ Revenue growth ( 7.7% in Q2) ➡️ and expenses that are under controlled: our cost-income ratio further improved to to 51.9%, still the best in the sector.   Finally, on July 9, we announced the signing of the definitive agreement concerning our strategic partnership with Victory Capital, an initiative that will create value for our customer and shareholders.   These results reflect the continued commitment of our teams to serve our clients. Many thanks to them!   We remain confident in our strategic direction moving forward.

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Download our latest report: Hybrid Funds in 2024 Hybrid funds are an innovative development in the cross-border funds industry that are intended to allow a wider range of investors to access private markets. As traditional fund managers continue to build their private-markets businesses, it is anticipated that more and more hybrid funds will come to market. Hybrid funds have an important role to play not only in allowing a wider range of investors to access private markets, but also in providing finance to ‘grassroots’ companies in the EU and UK and, therefore, boosting economies. But do fund managers consider these structures too complex? How do firms feel about the risk of misaligning liquidity risks? Will investors expect a deeper level of transparency than private capital has traditionally offered and can fund managers provide it? How do they view the challenge of valuing these funds? And is there a role for hybrid funds in ESG portfolios?   In this survey Funds Europe, in partnership with fund administrator CACEIS, seeks to identify how successful these funds will be at financing the UK and European economies by gaining insight into the appetite among fund managers for creating and distributing hybrid funds.

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