Antony Lemarchand

Economic and political uncertainties, energy transition financing, #PrivateMarkets retailisation and digital asset breakthrough: How are investors adapting to this world in transition? 🌎​ We are delighted to host Valérie Baudson, CEO of Amundi, on the occasion of our #EuropeanInvestorSummit on 1 October 🎙 📨 Contact your relationship manager to register. Sponsored by Euroclear | Partnered by Funds Europe & L'AGEFI 🤝 #Macroeconomics #ESG #DigitalAssets

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🌱[#ImpactReport] | Would you like to give meaning to your investments and measure their impact with concrete metrics?   We are currently facing a shift of #investmentparadigm and for Amundi, measurability is the key to impact investing, alongside clear impact objectives and continuous dialogue with issuers.   This means that we must: 🔹 Take into account social and #environmentalimpact; meaning a major transformation of our practices, with an inevitable change in mindsets. 🔹 Provide transparent and concrete information on the use of your investments with annual impact reports. 🔹 Help you better understand the different approaches in tackling environmental and social challenges.   👉 Discover our range of #impactinvesting offerings: ⤵︎ https://lnkd.in/eEKdcnNr

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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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📰 [#PressRelease] | We are delighted to announce that Thomas Miller Investment, specializing in tailored investment strategies for institutional clients, has selected Amundi Technology’s ALTO Investment platform to transform its operating model.   "Amundi Technology provides innovative solutions that enhance the operational efficiency of asset servicers and asset managers. We are proud to announce our partnership with Thomas Miller Investment, which will help elevate the client experience through the ALTO Investment platform," said Olivier Bouteille, Chief Client Officer at Amundi Technology.   Mark Moran, Chief Operating Officer at Thomas Miller Investment, commented: “This strategic partnership is set to significantly enhance our operational efficiency and deliver superior service to our clients, with faster response times and more comprehensive reporting capabilities.”   With ALTO Investment, Thomas Miller Investment benefits from a comprehensive solution that covers the entire Front to Back value chain for asset managers and asset administrators. This solution enables them to streamline their systems and optimize their operational setup with innovative technology.   We are very excited about this new partnership and look forward to supporting Thomas Miller Investment in achieving its goals.   ➡️ For more information, read the press release here: https://lnkd.in/ea-uD4Kh #Technology #InvestmentManagement

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ELECTIONS IN FRANCE 🇫🇷: LESS RISK OF THE EXTREME SCENARIOS❗️ By Edouard Desbonnets, Senior Investment Strategist - BNP Paribas Wealth Management 📖🖊️ Key messages: 👉 Uncertainty is likely to persist until a new government is formed.  👉 There may be less emphasis on fiscal tightening and structural reforms, but it is unlikely that there will be significant changes in economic policy.  👉 France's stance on the EU is likely to remain broadly unchanged.  👉 We expect the OAT-bund range to be 55-70 bps in the medium term. Enjoy this exciting read📖❗️ #bnpparibas #wealthmanagement #privatebanking #markets #economy #strategy #articles BNP Paribas Wealth Management - Private Banking

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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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#CorporateNews 📰 𝗦𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹 𝗳𝗶𝗻𝗮𝗹 𝗰𝗹𝗼𝘀𝗶𝗻𝗴 𝗼𝗳 𝗗𝗕𝗔𝗚 𝗘𝗖𝗙 𝗜𝗩 We are proud to announce the successful final closing of DBAG ECF IV, reaching a total commitment of about 250 million euros. This milestone reflects the continued trust of our fund investors and validates our approach to supporting family-owned small- and mid-sized businesses. With five platform investments already made, DBAG ECF IV exemplifies once again our strategy of direct deal sourcing, sector focus, and fostering long-term growth in German SMEs. We remain committed to delivering attractive returns for our fund investors while supporting small- and mid-sized companies in order to thrive in terms of expanding internationally, enrich their product and services portfolio and cater to their respective industries. Thanks to all our fund investors for their partnership and confidence in our vision as well as our dedicated team. Please visit our newsroom for the full press release: https://lnkd.in/e9d9Rh-q #PrivateEquity #DeutscheBeteiligungsAG

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Candriam newsfeed never stops. Here is a summary of what we published last week:  1/ 𝐖𝐢𝐥𝐥 2025 𝐛𝐞 𝐭𝐡𝐞 𝐲𝐞𝐚𝐫 𝐨𝐟 𝐝𝐞𝐛𝐭 𝐫𝐞𝐝𝐮𝐜𝐭𝐢𝐨𝐧?, by Nicolas Forest 🔗 https://lnkd.in/eBE4xRFB  Our CIO gives his views on European debt, and what bonds investors can expect for 2025. 2/ 𝐃𝐞𝐦𝐨𝐠𝐫𝐚𝐩𝐡𝐢𝐜 𝐃𝐢𝐯𝐢𝐝𝐞𝐧𝐝𝐬: 𝐈𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞, by the Global Thematic Equities team 🔗 https://lnkd.in/eDfhqSS2 Demographic shifts, from ageing populations to rising middle classes, present long-term, diversified investment opportunities, as these structural changes are reshaping the global economy. 3/ 𝐔𝐒 𝐞𝐥𝐞𝐜𝐭𝐢𝐨𝐧𝐬: 𝐇𝐞𝐚𝐫 𝐢𝐭 𝐝𝐢𝐫𝐞𝐜𝐭𝐥𝐲 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐔𝐒, a new episode with Lauren Goodwin, CFA, Chief Market Strategist at New York Life Investments 🔗 https://lnkd.in/eKvrik24 Last week, Lauren was joined by Jon Paone and Kerry Cole from New York Life Insurance Company's Office of Government Affairs to analyse the key factors shaping the 2024 US elections. They discussed the tight race between Kamala Harris and Donald Trump, the likelihood of divided government and the potential impact on tax reform, business sentiment and the economy.  4/ 𝐇𝐨𝐰 𝐬𝐡𝐨𝐮𝐥𝐝 𝐰𝐞 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐩𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨𝐬 𝐚𝐡𝐞𝐚𝐝 𝐨𝐟 𝐭𝐡𝐞 𝐔𝐒 𝐞𝐥𝐞𝐜𝐭𝐢𝐨𝐧𝐬?, by Nadège Dufossé, CFA 🔗 https://lnkd.in/epUGEpSm Uncertainty over the next President of the United States has been high since the nomination of Kamala Harris as the Democratic candidate. In an increasingly polarized society, US voters will be called upon to choose between programs with potentially diametrically opposed economic and political consequences. Should we therefore take strong positions in our portfolios, or remain aligned with fundamentals while protecting ourselves against extreme scenarios? Answers with Nadège. Together we continue #Investing4Tomorrow

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📣 Breaking news! Rydoo has a new majority shareholder: welcome to the team, Eurazeo! 💚 Eurazeo is a leading European private equity firm and investment group with a diverse portfolio and investments in over 600 companies worldwide. Its family and solid institutional shareholder base provide guidance and expertise for organisations planning to grow and expand their business to global markets. 💬 “Software is a key focus sector for the Eurazeo Small-mid buyout team, and we believe Rydoo is a perfect match to our ambition of supporting leading businesses with a proven track record, strong momentum in attractive end-markets, and talented leadership”, says Benjamin Hara, Partner, Small-mid buyout at Eurazeo. 🗣️ “Rydoo has established itself as a key player in Expense Management with a large base of loyal international clients that we serve in 132 countries. We are ready to accelerate and strengthen our position in key markets. Eurazeo, with its tech expertise, value creation insights and global presence, is the ideal partner for this new chapter”, said Sebastien Marchon, our CEO. We couldn’t be more excited about what this new chapter will bring for Rydoo and can’t wait to continue our expansion strategy with the support of Eurazeo’s team. Read more about the investment and plans for the future here: https://lnkd.in/etBmM6JN

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⊙ We are proud to announce that our Ostrum SRI Credit Ultra Short Plus strategy has reached 2 billion euros in assets under management 👏 Discover more from Matthieu Mouly our head of business development, and Emmanuel Schatz, senior portfolio manager Credit & Money Markets ⤵ 🔹 Matthieu Mouly: "Our SRI Credit Ultra Short Plus strategy offers an attractive add-on to traditional money market placements. Its investment process draws inspiration from money market funds’ investment guidelines in terms of maturities and interest rate sensitivity, but with additional leeway for the selection of issuers. Its solid financial performance and success attest to our commitment to provide an innovative and sustainable investment solution."   🔹 Emmanuel Schatz: "We are proud to have reached such a milestone, a real achievement for our strategy that reflects investors' confidence in our approach to issuer selection based on the strength of the business model and revenue recurrence. This success underscores our commitment to rigorous investment management based on a thorough financial and extra-financial analysis process, targeting performance." More info on our website 👉 https://lnkd.in/eq7x3wi6 Find out more about this strategy 👉 https://lnkd.in/ezUDm6rn Invest. Pro #MarketingCommunication Source: Ostrum AM, end-April 2024. Figures mentioned refer to previous years. Past performance does not guarantee future results. Reference to a ranking, award, label and rating does not indicate the future results. Information available on https://www.lelabelisr.fr/. For more information on the fund, please refer to the legal documentation on www.ostrum.com.

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🇫🇷 Ligue 1's financial health has been declining relative to its European peers. Unlike other top European leagues, the French league lacks a robust financial regulatory framework that fosters long-term sustainability. The league's financial regulatory body, the Direction Nationale du Contrôle de Gestion (DNCG), primarily ensures that clubs have sufficient cash flow for each season's operations. However, this emphasis on short-term financial oversight does not address issues such as long-term investment strategies or debt management, making clubs ultimately less appealing to potential investors. 🔍 A closer examination of the financial performance of individual clubs reveals more about Ligue 1’s struggles. Historic clubs such as Olympique de Marseille, Olympique Lyonnais, FC Girondins de Bordeaux, and AS Saint-Étienne have all recorded substantial losses in recent years. 💰 Lyon have relied on the sale of its women's team and indoor arena to address the capital needs of the men's team. Bordeaux's financial issues resulted in bankruptcy after Fenway Sports Group withdrew from a potential acquisition, reportedly due to concerns over the state of the French football economy. In contrast, smaller clubs (e.g.: Stade de Reims, Stade Brestois 29) have shown relatively better financial stability, benefitting from lower operating costs and therefore more flexibility in adjusting to economic fluctuations. 🗞️ If you want to read more about the challenges of Ligue 1, check out our article: https://lnkd.in/dZmQsyBR #footballfinance #football #ligue1

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🚨 Moovijob.com 𝐡𝐚𝐬 𝐩𝐮𝐛𝐥𝐢𝐬𝐡𝐞𝐝 𝐚 𝐧𝐞𝐰 𝐚𝐭𝐭𝐫𝐚𝐜𝐭𝐢𝐯𝐞𝐧𝐞𝐬𝐬 𝐢𝐧𝐝𝐞𝐱 🚨 Here's the TOP 3 companies in the Banking/Insurance sector with the highest attractiveness index measured at the Unicareers fair 2024: 🥇 Foyer Group 🥈 BGL BNP Paribas 🥉 Wordline 𝘋𝘪𝘴𝘤𝘰𝘷𝘦𝘳 𝘮𝘰𝘳𝘦 𝘢𝘣𝘰𝘶𝘵 𝘵𝘩𝘪𝘴 𝘯𝘦𝘸 𝘪𝘯𝘥𝘦𝘹 𝘢𝘯𝘥 𝘢𝘭𝘭 𝘳𝘢𝘯𝘬𝘪𝘯𝘨𝘴 𝘪𝘯 𝘰𝘶𝘳 𝘢𝘳𝘵𝘪𝘤𝘭𝘦 (𝘭𝘪𝘯𝘬 𝘪𝘯 𝘵𝘩𝘦 𝘤𝘰𝘮𝘮𝘦𝘯𝘵𝘴 𝘴𝘦𝘤𝘵𝘪𝘰𝘯).

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We are delighted to announce that our Sicav Moorea Funds has been awarded the renewal of the LuxFLAG ESG Label, effective from 1 April 2024 to 31 March 2025. Our funds affected by this renewal are :   · Moorea Fund – Euro Fixed Income · Moorea Fund – European Equity Quality Income · Moorea Fund – Euro High Yield · Moorea Fund – Short Term Bonds · Moorea Fund – Structured Income         · Moorea Fund – Emerging Markets Equity · Moorea Fund – US Equity 🌱 In total, 50% of the AUM of our Sicav Moorea Funds is labelled, showing the commitment of Societe Generale Private Wealth Management toward Sustainable Finance, rigorous risk monitoring and more transparency for our investors.   The award of the LuxFLAG ESG Label emphasizes the seamless integration of ESG considerations into the investment analysis and decision-making processes as the Label is renowned for its high standards and thorough evaluation of the investments product’s strategy.  Furthermore, the Label serves as a validation of the investment product’s commitment to transparency toward investors, containing crucial elements that form the eligibility criteria for the LuxFLAG ESG Label.

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Xetra welcomes four new ETFs from Amundi ✨: Three strategy ETFs invest in companies from developed markets using an optimisation approach to maximise exposure to each factor (minimum volatility, momentum or enterprise value), reduce CO2 emissions and other greenhouse gases by 30 per cent and improve the weighted ESG score compared to the main index. In addition, investors have the opportunity to invest in the Amundi MSCI World Small Cap CTB UCITS ETF, which represents a portfolio of companies from developed markets that are smaller by market capitalisation. In addition to ESG criteria, climate change opportunities and risks are also taken into account in order to meet the minimum requirements of the EU Climate Transition Benchmark (EU CTB) regulation. All four ETFs are available in the two trading currencies euro and British pound. https://lnkd.in/eiFZTcky #etfs #xetratrading

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🔎 [#EngagementReport] At Amundi we are convinced that engaging with companies on ESG issues is a driver of long-term value for them, hence for our clients’ portfolio. We are also aware of our responsibility as Europe's leading asset manager: we strive to fulfill our role as a committed investor & shareholder by supporting companies in their transition challenges. As such, Amundi’s stewardship strategy (vote and engagement) has become one of the pillars of our global responsible investment philosophy: we have committed to engage with 1 000 additional companies on their climate strategy by 2025 versus 2021 and we are well on track to meet this goal with an additional 966 companies engaged as of December 2023. But climate is only of the themes that we discuss with companies… 🔑 Here are a few key figures from our 2023 engagement report: 🔹 2 531 ➡️ The number of unique issuers engaged increased to reach 2 531 (+20% increase vs. 2022); 🔹 Over 40% of engagements closed in 2023 had a positive outcome 🔹 Issuers from all geographies were engaged, with an even more significant progression in Emerging Markets (+32%) and North America (+39%); Thematics: 🔹 1 471 issuers engaged on climate 🔹 618 issuers engaged on Natural Capital Preservation 🔹 795 issuers engaged on Human Capital & Rights 👉 Read our last Engagement Report for more highlights from our 2023 stewardship activities: https://ow.ly/5zV850SrtS4

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#France is home of the largest banks in the world (by assets): BNP 2500+ bn USD  Credit Agricole 2300+ bn USD BPCE 1500+ bn USD Société Générale 1400+ bn USD Credit Mutuel 1000+ bn USD Etc, etc This is a great opportunity for a wider consolidation and help the European banking ambition within the global financial system. Cross-border deals would provide important cost savings, much needed earnings diversification and added competitive advantages for global markets. #Banks #Europe #GlobalMarkets #Mergers https://lnkd.in/djefRG9s

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🤝 [#Corporate] | Amundi and Victory Capital sign a definitive agreement to become strategic partners.   The agreement is in line with the Memorandum of Understanding announced on April 16, 2024: 🔹 Amundi US will be combined with Victory Capital 🔹 Amundi will become a strategic shareholder of Victory Capital with a 26.1% economic stake in Victory Capital 🔹 Both parties have entered into 15-year #distribution and #services agreements, which will be effective upon the closing of the transaction   Under these distribution and services agreements, Amundi will be the #distributor of Victory Capital’s US-manufactured active asset management products outside of the #US. Additionally, Amundi will become the supplier of non-US manufactured products for Victory’s distribution in the US. 

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