At the beginning of 2016, asset markets suffered from significant falls in both equities and corporate bonds. The market focus remained on economic growth and numerous uncertainties led to a pessimistic perspective for asset prices. The growth rate in China and the sharp drop in oil are the main reasons for volatility today. However, developed countries, especially the United States and in Europe, have recorded solid growth. Central banks are focused on the situation and are ready to undertake additional stimulation, if required. Finally, risky assets (equities and bond spreads) are at relatively attractive levels.
The Luxembourg financial regulator, la Commission de Surveillance du Secteur Financier ("CSSF"), has authorized CMB to launch four new sub-funds within its range of Luxembourg SICAVs. These sub-funds, launched in July, invest in the following asset classes: emerging market debt, diversified fixed income, euro corporate debt and high dividend yield equity.
The management of the emerging market debt fund has been delegated to Neuberger Berman, an investment management firm with a strong track record in this asset class. Emerging market debt will include both government and corporate securities, denominated either in their local currency or in US dollar. The other funds are replication of existing funds within CMB’s range issued under Monaco law.
By launching these sub-funds, CMB extends the range of investment solutions it offers to its clients by including funds compliant to the European Directives (UCITS). Going forward, CMB may grow its investment offering by considering external distribution agreements.
Compagnie Monegasque de Banque is pleased to announce the opening of its London subsidiary, CMB Wealth Management Ltd, that allows it to broaden its geographical presence, and to be closer to UK based clients. CMB is a leading private bank in Monaco, and a member of the Mediobanca Group, the pre-eminent Italian Investment Bank.
CMB Wealth Management Ltd (“CMB London”) is authorised by the UK Regulator (FCA) to advise on investments and mortgages, and thus offers a large range of products and services. Click here for full details.
Today, in a context of low interest rates both in Europe and in the United States, but with a different monetary situation and with increasing Equity volatility (in particular in Europe), we favor:
On the bond side:
On the Equity side:
CMB Wealth Mangement Limited
33 Grosvenor Place,
Phone: +44 (0) 203 036 9595
CMB Wealth Management Ltd is authorised and regulated by the FCA - registration number: 662929.