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The euro is facing significant challenges as poor economic indicators and political uncertainties weigh heavily on the currency, pushing it closer to parity with the dollar. Major asset managers predict this could occur by year-end, as the US economy shows signs of growth, contrasting sharply with Europe's stagnation. The euro's fate appears increasingly tied to developments in the US, particularly with the incoming administration's policies.
Vincent Mortier, the chief investment officer of Amundi SA, warns that US bond yields are approaching a critical level that could shift investor interest from stocks to bonds. He identifies 5% as the "real alert level," suggesting that yields on US 10-year Treasury bonds could reach this point rapidly, reminiscent of the surge following Donald Trump's presidential victory.
Indosuez Wealth Management, part of Crédit Agricole, is leveraging its global network to attract talent and serve clients, particularly targeting expats and global nomads in Switzerland. With roots dating back to 1876, the bank has recently expanded through the acquisition of Degroof Petercam, managing over 200 billion Swiss francs in client assets. Andrey Batyukov, leading the Swiss operations, emphasizes the bank's selective hiring strategy and the opportunities arising from changes in the banking landscape.
Major ETF providers, including BlackRock and Amundi, are competing for a share of the anticipated $5 billion to $10 billion inflow into Indian bonds, following JPMorgan's decision to increase India's weighting in its emerging-markets bond index from 4% to 10% by March. Amundi's global head of ETF, Benoit Sorel, emphasized India's growing significance in emerging-market debt, noting that professional investors are increasingly interested in allocating to this market.
Major ETF providers, including BlackRock and Amundi, are competing for a share of the anticipated $5 billion to $10 billion influx into Indian bonds, following JPMorgan's inclusion of Indian debt in its emerging-market index. This move is expected to significantly boost investment in the sector.
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