Perspektiven
& Nachrichten.

Interview of Caroline Gauthier, Benjamin Rousseau and Ariane Hayate, Portfolio Managers of EdR SICAV European Smaller Companies.

The slowdown in Chinese economic growth for the third quarter was less pronounced than expected, benefiting stock market indices.

In Europe, the economic situation has evolved with, on the one hand, a more noticeable slowdown in inflation and, on the other hand, a deterioration in economic outlooks.

In the United States, recent reports show an economy that remains resilient, both in terms of consumer activity and the labor market.

Edmond de Rothschild Corporate Finance advises the shareholders of CTP Environnement on the opening of its capital to Andera Partners, alongside its historical shareholder Bpifrance.

Through the ongoing efforts of its local teams, Edmond de Rothschild Real Estate Investment Management (“REIM”) displays consistent improvement in the results of the annual Global Real Estate Sustainability Benchmark (“GRESB”). Our UK Affordable Housing strategy scored the maximum of 5 stars and is recognized by GRESB as the global #1 most sustainable affordable housing fund. Also our Benelux Office strategy and our UK Residential Build-to-Rent strategies are awarded 5 stars, indicating that they too belong to the most sustainable funds in the industry. 

By Sébastien Cavernes, CIO Edmond de Rothschild Gestion (Monaco).

- Recent US data indicates robust economic activity and persistent inflation.
- In France, the ambitious budget proposal is causing concern among investors.
- In China, equity markets are experiencing a consolidation phase following significant gains in recent weeks.

- Tensions in the Middle East have led to a surge in oil prices.
- Jerome Powell confirmed that the Fed plans two rate cuts by the end of the year.
- The eurozone is under pressure due to warnings in the automotive sector and announcements of tax increases in France and Italy.

 - China unveiled a bigger-than-expected stimulus programme.
 - This week’s US data continued to reflect buoyant growth.
 - In the eurozone, doubts are increasingly settling over the sustainability of growth.

Benjamin Melman, our Global CIO AM, shares his insights and key strategies for the coming months.

Interview with François-Xavier Vucekovic, CIO, Edmond de Rothschild Private Equity, Jean-François Marco, Partner, TIIC and Manuel Cary, Partner, Managing Director, TIIC.

 - The Fed cut its rates by 50 bp at the meeting on 18th September.
 - The Bank of England chose to leave rates unchanged due to underlying inflation.
 - Data in China confirmed that domestic and foreign demand was being hindered by structural factors.

Edmond de Rothschild announces the opening of an office in the Ghent region, its third location in Belgium, consolidating its strategy of expanding in regions with high economic potential.