Message from Coach
On this week’s market summary:
📍1. Philippe Donnet, chief executive of Italy’s Generali, plans to accelerate the growth of the company’s asset management operations, a business that delivered 33 per cent year-on-year earnings growth and boosted the company’s performance during the pandemic. The country’s largest insurer decided to boost its asset management arm two years ago through what it calls a “multi-platform” boutique that operates in a range of specialist markets, including ethical and alternative investments. It now aims to position itself among the top five global players in the space.
📍2. Ivanhoé Cambridge, a group that invests in international property on behalf of the Quebec state pension system, had already put $2bn into China’s logistics sector over the past few years. In June, as coronavirus was raging across the world, it decided to add another $400m to the total. “We’ve certainly been trying to increase our exposure to logistics in China as quickly and as responsibly as we can,” said George Agethen, senior vice-president, Asia Pacific, at the Canadian company, who points to a “difficult environment” in which to make an investment decision.
📍3. Vanguard and BlackRock together grabbed close to two-thirds of net inflows into the exchange traded fund industry during October as the world’s two largest asset managers tightened their grip on ETF inflows ahead of the presidential election. Investors allocated $52.2bn to ETFs in October, down from $59.7bn in September, according to ETFGI, a London-based consultancy. The decline was due mainly to softer inflows into US equity ETFs, reflecting investor uncertainty over the outcome of the election. The US stock market has rallied strongly from its low point of the year in March, reaching an all- time high this month and entirely recovering all of the losses triggered by the coronavirus pandemic in the first quarter of 2020.
📍4. U.K. real estate agents see the housing market cooling significantly next year as pent-up lockdown demand and a tax break come to an end. Property prices rose in October and will likely continue to do so through the end of the year, the Royal Institution of Chartered Surveyors said Thursday. The number of new home listings is on its longest growth streak since 2013 and there was an increase in new buyers for a fifth month.
One of the must-ask interview questions for banking and finance is: “Have you read any news recently?”, with the follow-up questions: “How would you link this news to the market and what investment suggestions would you give to your clients based on this news?”
Showing your market sense and ability to provide feasible investment ideas would help to differentiate you from other candidates. Therefore, apart from the weekly news update / investment insights, we have also generated this Weekly Market Summary for you to have a quick understanding of the market development and tips to answer some hot discussion topics.
Take a look of the summary and WhatsApp us in the group if you have questions.