Passive management reaches new heights in Europe

Passive management reaches new heights in Europe

The assets of European listed index funds (ETFs) exceeded 1,000 billion dollars at the end of 2019. BlackRock continues to lead the race, attracting almost half of the flows in 2019. Passive management continues to break records. In Europe, the outstanding amounts of listed index funds (ETFs), which reproduce the performance of indices identically, exceeded 1,000 billion dollars at the end of 2019. The first ETFs were launched just 20 years ago in Europe, with…

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In 2019, BlackRock Raised Over $ 1 Billion Per Day

In 2019, BlackRock Raised Over $ 1 Billion Per Day

The asset manager saw its assets under management swell to some $ 429 billion in 2019, a record growth of nearly 25%. The assets managed by the American giant are approaching 7.500 billion dollars. Over a billion dollars collected per day. BlackRock, already the world’s leading asset manager, attracted record new cash flows to manage in 2019, which has resulted in a strong financial performance. The US giant posted annual revenue of $ 14.54 billion,…

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Budget: the tax litigation bill is on the rise

Budget: the tax litigation bill is on the rise

The cost of serial litigation is estimated at 2.35 billion euros for 2020. After the 3% tax on dividends two years ago, the State suffered new convictions which will require it to reimburse taxpayers. It is now a line of the state budget closely monitored by parliamentarians. Since the case of the 3% tax on dividends, which forced the State to urgently reimburse 10 billion euros to companies two years ago, the so-called serial tax…

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The Bank of England once again flies to the rescue of the British economy

The Bank of England once again flies to the rescue of the British economy

The Bank of England announced, this Thursday morning, a strengthening of 150 billion pounds of its asset buyback program, to bring it to 895 billion. Analysts expected an increase of “only” 100 billion. The central bank, on the other hand, leaves its key rate unchanged at 0.1%. This is yet another boost from the Bank of England to the UK economy to help it cope with the damage caused by the coronavirus pandemic. The Bank…

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The giant Amundi has seen its outstandings melt with the coronavirus crisis

The giant Amundi has seen its outstandings melt with the coronavirus crisis

The European champion of asset management recorded an outflow limited to 3.2 billion euros in the first quarter thanks to the dynamism of its joint ventures in Asia. The fall of the markets, however, brought down its outstandings by more than 120 billion. The coronavirus pandemic has not called into question the dominance ofAmundi on asset management in Europe. The French champion of the sector, a subsidiary of Crédit Agricole, has withstood the tensions on…

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Why the Russians are furious with Cyprus

Why the Russians are furious with Cyprus

Cyprus is the first destination for Russian capital, which was established at more than 56 billion dollars in 2012. This explains the anger of Russian businessmen at the plan to tax deposits. But there is another explanation, less admirable … With its plan to tax bank deposits, Cyprus faces an icy Siberian storm. Russia on Monday denounced as “unjust” and “dangerous” the idea of ​​a tax on bank deposits accepted by Cyprus in exchange for…

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Roundup: an amicable agreement of around 10 billion dollars signed in the United States

Roundup: an amicable agreement of around 10 billion dollars signed in the United States

Bayer is expected to pay $ 10 billion to end the lawsuits of more than 100,000 Americans over the carcinogenic effects of the herbicide Roundup. Bayer said on Wednesday it will pay between $ 10.1 billion and $ 10.9 billion to end procedures launched by nearly 100,000 Americans who have suffered from cancer they blame exposure to Roundup, a herbicide to glyphosate base produced by Monsanto. The German group is working to end legal proceedings…

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In 10 years, the Bric will have surpassed France

In 10 years, the Bric will have surpassed France

According to a study conducted by the Center for Economics and Business Research, France would lose from 2013 its rank of 5th world economic power. And in 2022, it will only be 9th With a gross domestic product (GDP) of 3,185 billion dollars (against 2,607 today) France will only be the 9th largest economy in the world in 2022. This is the relentless prognosis made by the Center for Economics and Business Research. Its experts…

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China to invest 79 billion euros in railways this year

China to invest 79 billion euros in railways this year

Thanks to this investment this year, 5,200 new kilometers of lines will be put into service. China will continue this year to support its economy by investing heavily in railways, to the tune of 650 billion yuan (79 billion euros), said Minister of Railways Sheng Guangzu, quoted by the agency. New China Thursday January 17th. This sum will allow 5,200 kilometers of new lines to be put into service, according to the minister. The planned…

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China pledges $ 60 billion in aid for Africa

China pledges $ 60 billion in aid for Africa

The announcement was made on the occasion of the China-Africa summit which is being held until Saturday. The $ 60 billion is intended to finance ten cooperation programs over three years. Chinese President Xi Jinping on Friday, December 4, pledged $ 60 billion in aid to Africa, mainly in the form of loans, at the Sino-African summit which is being held in Johannesburg until Saturday, December 5. “China has decided to provide a total of…

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