Mathilde Rodie

Great to participate in yesterday's Roundtable discussion on #consolidation in #Brussels, hosted by the #EuropeanCommission.    With renewed momentum around this topic, we had a dynamic and insightful exchange on how to move towards more efficient #capitalmarkets, by tackling barriers to integration of market infrastructure and scaling up of investment funds.    Topics like #FinancialLiteracy, centralization vs local specificities across markets, further reduction of regulatory fragmentation and many other topics were addressed, with a firm commitment to jointly work on finding solutions to have a better #CapitalMarketsUnion.    #AllianzGI #CapitalMarkets #EU #Consolidation #Fragmentation #ScaleUp    Valérie Urbain, Giorgio Modica, Carmine Di Noia, Karolina Rzońca-Bajorek, FCCA, Marcel Haag

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How to invest in an uncertain environment, marked by a global economic slowdown and high valuations? By focusing on quality companies. At Carmignac, quality is based on two criteria: • High and sustainable profitability • Reinvestment of profits to support future growth Carmignac has built expertise to identify profitable companies over the long term through an Article 9 international equity fund: Carmignac Portfolio Grandchildren. The Fund's approach demonstrates our commitment to help investors build sustainable capital that will benefit not only themselves, but also future generations. 🔎 Discover the Fund → https://okt.to/7mSoaQ #assetmanagement #marketingcommunication #finance #investment #investinginyourinterest

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🎤 [#Interview] In her interview to Citywire Selector Valérie Baudson indicates 3️⃣ key responsabilities as CEO of Amundi: 🔹 to define the strategy 🛣 🔹 meeting clients to understand and answer their needs 🎯 🔹 taking care of people 🤝 💬 "In a world-wide environment, you need to have talent everywhere. So strategy, clients, people. It's essential to do well with all of those". ❗️Coming soon...the second part of the interview.

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🌐 Reflecting on an Insightful Peer-to-Peer Session at the Amundi World Investment Forum 2024 🌐 A warm thank you to all our clients who participated in the pension funds peer-to-peer session at the Amundi World Investment Forum 2024. Your engagement and insights were invaluable. We were honored to have industry experts Karin Franceries, Frédéric Hoogveld, CFA, CAIA and @Sergei Strigo lead our discussions. Together, we explored crucial topics shaping our sector: • Investment Trends and Challenges: Understanding the current landscape and navigating the complexities of pension fund investments. • Climate Investment Solutions: Leveraging passive indexes to drive sustainable and impactful investments. • Emerging Markets Debt: Evaluating and integrating EM debt within our allocation strategies. • Long-Term Opportunities: Identifying and capitalizing on opportunities that promise sustainable growth and stability. The exchange of ideas and experiences has allowed us to better address the challenges ahead and seize new opportunities. We look forward to continuing this journey together. Thank you once again for your participation and contributions. #AmundiWIF2024 #PensionFunds #InvestmentTrends #ClimateInvestment #EmergingMarkets #LongTermGrowth

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I’m very proud to announce that AP4 has once again been recognized as the Sovereign Wealth Fund of the Year at the Sustainable Investment Awards! I truly believe that our model, which fully integrates sustainable investments across all parts of the organization—most notably the investment teams—is the only way to truly leverage sustainable investing. Our global equities portfolio significantly reduces its carbon footprint by much more than half, and we use forward-looking carbon metrics to align the portfolio with 2-degree targets. Despite having made significant progress in integrating sustainability into our investment process, our work continues. In systematic equities, we aim to integrate scope 3, green opportunities, and physical risks moving forward. Our main global equity portfolio has outperformed its benchmark by over 14% since inception. This demonstrates that with a well-structured and efficient portfolio, it is possible to implement a sustainable equity strategy while still achieving significant alpha. https://lnkd.in/dJBSgNvM

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On October 3rd, the French celebrate St Gerard and on exactly that day I was in France as I was invited to be part of a panel discussion at the Fixed Income Leaders Summit 2024. The topic was sustainability regulation in Fixed Income. For me, the main points of the discussion were: * Regulation has three important roles: 1. set a change in motion, 2. bring clarity and 3. create a level playing field. In my opinion, SFDR has been successful in setting things in motion, but less so in bringing clarity or creating a level playing field. * Overall, the amount of (European) regulation has been too much and too fast. This led to implementation issues and less acceptance about whether this is the right way forward. * My biggest worry is about the additional layer of costs. ESG data needs to be bought, analysts are needed to analyze the data, investment processes become more cumbersome and the reporting requirements have increased significantly. In the end this increases investment costs and is not invested in making the world more sustainable. * To that end I am in favor of the EU proposal for a free ESG data base, known as the European Single Access Point (ESAP). * To end on a positive note, over time data coverage and quality is improving, especially with CSRD around the corner, which should help financial flows move towards a sustainable future. Thanks to Fixed Income Leaders Summit and Ben Sharples for the professional organization of the full event. Also thanks to Nicholas Pfaff as moderator and Nawel Boukedroun and Brett Olson as fellow members of the panel.

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Learn how Candriam's Long/Short Equity Strategy navigates market volatility with a unique market-neutral approach. Grégoire Thomas shares how we generate alpha using both fundamental and quantitative strategies in an increasingly passive investing world. ➡️ https://shorturl.at/kCbnw ⚠️ For professional investors only #candriam #investing4tomorrow

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It’s a bit chilly out there, waiting for a Eurostar train to arrive on the way to more year-end client meetings ... … but time flies when you are in great company, such as: the legendary Rick Rieder, Andy Nielsen, Estelle Castres, Arnaud Gihan, Ahmed Talhaoui, CFA, Peter Scharl, MBA, CFA, Nathalie Boschat, Maëlle Struillou. As we all continue to work hard to decode economies and financial markets - and ultimately build better portfolios: check out the BlackRock Investment Institute’s 2025 Global Outlook, fresh off the press here 👉 https://lnkd.in/ensAw58x! Capital at risk.

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Learn more about Amundi's Q3 results below!

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Donald Trump victory: what are the key implications for investors? Learn more below.

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“We believe there has never been a better time to be a bondholder in subordinated debt issued by companies in the financial sector.” Romain Miginiac, Fund Manager at Atlanticomnium who manages Credit Opportunities and Sustainable Climate Bond strategies for GAM Investments, discusses the strong fundamentals of European banks and his latest perspective on the pricing of extension risk. Read more here: https://ow.ly/rtn030sIfZI Marketing Communication | Capital at Risk #GAM #EuropeanBanks #Bonds #SubordinatedDebt #InvestmentInsights

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BLI - Banque de Luxembourg Investments‘ Head of Fixed Income Jean-Philippe Donge has published a new article dedicated to emerging market debt. In this article, which concludes a series of several publications edited by Jean-Philippe, Jean-Albert Carnevali and Maxime Smekens, BLI’s Head of Fixed Income points out that due to technical and fundamental reasons, investors cannot ignore emerging market debt as a truly optimising element in their portfolio construction. 👉 English version: https://lnkd.in/eiEvH9t7 👉 Version française : https://lnkd.in/eUQ5Z7uq #marketingcommunication #fixedincome #emergingmarkets #debt #portfolioconstruction #diversification #assetmanagement #luxembourg

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For over 20 years, Mark Denham, co-manager of Carmignac Portfolio Grandchildren, has been convinced that long-term performance depends exclusively on the ability to select companies that offer the best prospects. These ‘quality’ companies must meet precise criteria: • They must be capable of generating high and stable profits over time, and reinvest these profits to continue their growth trajectory • They must have a positive impact on the environment and society This conviction is reinforced by a detailed investment process. Over time, this process has been enriched by the increased availability of extra-financial data. However, the initial philosophy remains unchanged. To know more: https://okt.to/dRrhGj #assetmanagement #marketingcommunication #finance #investment #investinginyourinterest

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Very interesting article in Finascope (Nicolas Raulot). France, or at least the AMF, continues its efforts to enhance competitiveness. My colleague, Pierre-Yvan Gaubert highlights a pivotal move by the French regulator that strengthens Paris's appeal as a global financial hub. By aligning with European standards and removing restrictive over-regulation, French asset managers can now operate more competitively. "This update is a clear and a strong signal of Paris’s commitment to fostering a thriving asset management ecosystem." according to Pierre-Yvan Gaubert. With the AMF driving these reforms, Paris is positioning itself as a top destination for investment funds in an increasingly competitive European market. https://lnkd.in/ec3_xezU

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How far we’ve come since the first edition in Cannes! IPEM has become THE unmissable event for private equity in Europe, drawing a growing number of international investors, which reflects the maturity of our industry. Last week, I had the pleasure of participating in the discussion "Managing Trillions and Still Delivering on Returns" alongside esteemed industry leaders: Deborah Zurkow, Global Head of Investment at Allianz Global Investors, Eric Adler, President and CEO of PGIM Private Alternatives and Jose Gonzalo, Bpifrance's Executive Director. Key messages: 🔹Our industry is in transition, yet its role in financing the real economy is more crucial than ever. Europe offers a unique landscape for building champions with global ambitions. 🔹Sector consolidation is inevitable; the challenge is creating pan-European players that can compete globally while preserving our local expertise. 🔹Our value creation approach goes beyond financial leverage. Innovation and impact, especially in transition infrastructure, remain core to our strategy. IPEM also offers unexpected insights. Asked which animal represents private equity on IPEM TV, I answered: a horse. Well-selected and trained, it wins races. You're probably wondering why this analogy? Because, at Eurazeo, our ambition is clear: to strengthen Europe's private equity industry and ensure our sector creates European champions capable of competing on a global scale. Full interview on IPEM TV: https://lnkd.in/esQJmqYR See you next year! 👋 William Kadouch-Chassaing, Sophie Flak, Olivier MILLET #IPEMParis2024 #PrivateEquity #Investment

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Thank you Caroline Mignon from Les Echos for this article which summarizes well our convictions at BNP Paribas Asset Management. Indeed, we are in the middle of a paradigm shift of the world economy, after forty years of globalisation and low interest rates. As in any transition, there will be winners and losers, and you will have to have strong convictions to navigate through uncertainties. I therefore believe in the comeback of active management in the current high rates and uncertain environment. Our growth has been fueled by inflows in the following three main asset classes in the last three years: - Money markets as the surge in rates has led many investors to favor these short-term products without risk and we have best in class performance from our investment teams. - Private assets for which we have high ambitions and have been able to grow organically as well as externally over the past two years. - ETFs where we have continued to widen our ESG ETF range, including in Fixed Income and ESG active ETFs. Read more in this article (for subscribers): BNPP AM persiste et signe dans la gestion active | Les Echos https://lnkd.in/dHmRexvV

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Franklin Templeton has gained regulatory approval in Luxembourg to launch its first open-ended private markets strategy aimed at private wealth clients. The fund, co-advised by Franklin Templeton and secondaries specialist Lexington Partners (acquired by Franklin Templeton in 2021), will focus on private equity secondaries and is set to launch in early 2025. George Szemere, CAIA, head of alternatives EMEA wealth management, emphasized the fund’s role in expanding Franklin Templeton's alternatives business and leveraging Lexington’s expertise to enhance access to private markets for wealth managers. The secondaries market has grown significantly, reaching $130 billion in 2023, up from $28 billion in 2013. Open-ended funds in this space are popular due to their liquidity, diversification, and shorter distribution periods. Set up under Luxembourg’s UCI Part II regime, the fund is accessible to professional clients across the EU and retail clients under specific national regulations. This strategy aligns with a broader industry trend, as firms like Coller Capital and The Carlyle Group have also launched similar offerings targeting the wealth channel.

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A great consultation on biodiversity to be followed by all sustainable finance fellows from asset management as its underlying requirements set a precedent for (listed/non listed) investable solutions to natural capital loss.

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Interesting insights from Annie Joyce, Head of ESG at Amundi US, below!

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