Shareholder targeting & ID Archive

Feb 12, 2019
NBIM cuts ESG managers to save on costs as returns fall short
Norges Bank Investment Management (NBIM), which runs the NOK8.7 tn ($1 tn) Government Pension Fund Global – or oil fund, as it’s often termed – has announced that it took all of its environment-related mandates in-house last year. Since their inception in 2010, the environment-focused mandates have been both internally and externally managed, says NBIM, with a spokesperson confirming that the externally managed portion had accounted for NOK20 bn.  ‘T...
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Feb 06, 2019
European Commission looking to develop EU equity index
The European Commission (EC) is looking at the development of an equity index covering all listed companies in the EU, with the aim of creating a ‘Capital Markets Union (CMU) asset class’. The goal is to facilitate increased investment in a large pool of companies, including small and medium-sized enterprises (SMEs), in particular in the Baltics and in central, eastern and southeastern Europe. These represent the majority of companies listed in the EU in ...
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Feb 01, 2019
Understanding stock lending and what IR can do
Since 2015 there has been a significant increase in the number of shares being loaned out by investors across the FTSE 350. In the FTSE 100 we have seen growth of 18 percent (£21.8 bn or $28.7 bn), while the FTSE 250 stock on loan has grown by 26 percent (£8.1 bn). Stock on loan does not always indicate short-selling activity – think total return swaps, inter-bank lending and banks holdings shares on inventory. In most cases, however, the borrower is hedging aga...
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Jan 21, 2019
Three IR themes to watch for in 2019
1. Shareholder activism preparedness requires companies to take a new perspective When companies think about preparing to meet the challenges of an activist investor, they often take a ‘let’s make sure this doesn’t happen to us’ mindset.  But this can be counterproductive; the true key to activism preparedness is to challenge the board to be its own activist and identify its company’s weaknesses. Boards should ask themse...
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Jan 07, 2019
Inside IR at AmEx with Edmund Reese
What does your typical day look like? I’m an early riser and am in the gym by 5.00 am. Exercise keeps me sharp and helps me focus on the day ahead. After my workout, I like to review the headlines and market news for American Express and our competitors.   It’s important for me to balance work and family so I take the time to make breakfast for my three-year-old, Steele, each morning. I am usually in the office by 7.15 am and get to work...
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Dec 28, 2018
Investor confidence increases 2018 global IPO proceeds
Global IPO proceeds rose in 2018, supported by investor confidence, large pools of liquidity, strong valuations and low interest rates, according to EY’s ‘Global IPO trends: Q4 2018.’ 2018 registered 1,359 IPOs with proceeds of $204.8 bn – a 6 percent increase on proceeds despite a 21 percent decline in volume. The rise of ‘unicorn’ related IPO activity – startups valued at over $1 bn – and mega IPOs were key factors in helping to pus...
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Dec 14, 2018
US equities to benefit from last vestiges of fiscal stimulus in 2019, says SSGA
Asset manager State Street Global Advisors (SSGA) believes US equities will benefit from the last vestiges of fiscal stimulus and strong consumer spending in the first part of 2019.  But opportunities are likely to shift to other regions and sectors in the second half of the year, depending on how policy tightening, trade disputes and geopolitical events play out in emerging markets and Europe. Given the maturity of the current cycle, SSGA in its ‘2019 Glo...
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Dec 13, 2018
Economic expansion likely to continue through 2019, says GSAM
The ageing economic expansion is likely to continue through next year with some possible advantages for investors after a challenging 2018, according to Goldman Sachs Asset Management’s (GSAM) 2019 investment outlook, entitled ‘A Better Deal’. For investors, late-cycle fears will continue to drive ‘episodic volatility and drawdowns,’ says GSAM, creating opportunities to invest at attractive valuations. ‘End-of-cycle signs – including c...
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