The first money market fund dates back to 1971 and was created in the United States. Since then, the industry has changed and grown to unimaginable levels. There are several reasons for this growth over the decades. One is that money funds are key elements in the financial markets, as they are arguably the oil…
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Last week, the Fed (US Federal Reserve) met to decide on the level of official interest rates. As expected, the US central bank left interest rates in the 5.25-5.50% range, but the market was anxious to hear any clues about the possible future path of rates.
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The ECB cuts rates by 0.25%. After nine months of holding policy rates steady and as expected, the European Central Bank (ECB) cut rates by 0.25% at its June 6, 2024, meeting. Christine Lagarde had practically committed herself in advance to such a cut.
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Interest rate movements always cause some uncertainty in savers and investors, and the recent 0.25% rate cut by the European Central Bank (ECB) will not be an exception. This change in monetary policy will have different effects on various types of assets. Next, we analyze the theoretical impact of a rate drop on the main…
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In line with our objective of offering the best solutions to our clients to achieve their financial objectives and cover all their financial needs, we announce the launch of target portfolios in two currencies and starting at €5,000/$ with the following options:
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This was an important week as all the major central banks met. It was important to see what message they wanted to send to the markets after the latest inflation figures fell short of expectations in both the US and Europe and investors had aggressively started to price rate cuts for next year.
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At its September 2023 meeting, the European Central Bank (ECB) decided to raise interest rates again by another 0.25%. The official interest rate (deposit facility or interest rate at which banks can make demand deposits with the central bank) was increased to 4%. The increase is due to the fact that although inflation has decreased,…
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