Funds

Rothschild and Compagnie Financiere Martin Maurel have announced their intention to merge, that decision would give rise to a private bank with assets under management of approximately 34 billion euro, one of the first independent player in France.

In a joint statement, the institutions have explained that the transaction – which assesses Martin Maurel € 240 million – will be financed by a mix of new shares and cash Rothschild and external credit lines.

The Martin Maurel shareholders will receive 126 Rothschild Martin Maurel shares for each share held, or may be paid for the equivalent in cash. The family will receive Maurel Rothschild actions.

The wealthy clientele, given the low interest rates and the uncertainty on the financial markets, do not know where to invest their assets. The proportion of undecided, according to a study published by the Liechtenstein bank LGT, reaches 40%.

Almost everyone agrees that there are no alternatives to the equity markets, but few have increased investment in this sector: the share is so remained unchanged at 44%.

The study, which examined a representative sample of wealthy investors in Switzerland, Austria and Germany, shows that 25% of holders of securities judge the overvalued stock market. For the property market rises proportion to 52%.

PostFinance has become a member of the Swiss Bankers Association (SBA)., Coming thus to render the institution Swiss Banking Ombudsman.

In yesterday’s session of the ASB Board of Directors, composed of 300 members, has approved the application for membership, is today in a statement PostFinance know that as one of the leading Swiss banks, is under the supervision of the Federal Authority financial market supervisory Authority (FINMA).

PostFinance, which has been authorized to conduct banking business in 2013, has achieved in the past year a profit of 459 million francs, 77 more than in the previous year. The client deposits fell by around 2.8 billion.

BlackRock, the first asset managers in the world, registered a 20% drop in first-quarter earnings. Net income fell to $ 657 million, or $ 3.92 per share, from 822 million, or $ 4.84 per share a year ago.

On an adjusted basis, earnings of $ 4.25 per share, slightly below analysts’ estimates at $ 4.29, according to Thomson Reuters I / B / E / S. CEO Larry Fink attributed the worsening of the result to the decrease in commissions on certain product types, such as hedge funds.

Fed policy makers signalled an interest-rate hike in April is unlikely, minutes of the March policy meeting showed, confirming market’s growing anticipation that the US central bank will act cautiously […]

The ultra-low policy that a growing number of Central banks is pursuing is damaging the entire economic system. In his monthly Investment outlook Bill Gross warns investors about it and points out the way Janus Capital unconstrained portfolios deal with it.

The increased uncertainty around the referendum is likely to cause financial and economic volatility and negatively impact growth in the short term. Consequently, the timing and path of rate hikes may also…

Frontier Markets have a number of attractive features for investors, particular in the current market environment of slow growth in all major economies, rich equities and bonds and low bank deposit interest rates. But private and institutional investors tend to think of Frontier Markets as unexplored. The economies of these countries are generally in earlier stages of economic development, and their capital markets less mature than Emerging Markets.