Recent case law shows how sovereign debt contracts may impact bondholders if s sovereign has also issued bonds which are governed by a particular jurisdiction. This white paper discusses the outcome and implications.
In October 2012, the Financial Services and the Treasury Bureau issued consultation conclusions concerning facilitating the development of an Islamic Bond Market in Hong Kong. This white paper set out some of the key proposals and implications for this development.
The infrastructure finance market transitioning. As the bank market for long-term finance continues to contract, market players are waiting to see how the new models develop. Under contention includes the mix of bond and bank finance, if projects are greenfield developments or debt refinancings.
This white paper discusses the current state of European small-cap, mid-cap and SMID-cap indexing. It looks at how tracking errors can be reduced and correlations increased using a different choice of index.
Exchange traded notes and exchange traded funds come under the spotlight in this white paper. Using the recent crisis with TVIX, a volatility ETN, it reviews an observed market distortion. It discusses the key features of these products, and ultimately, the potential hidden risks.
Vanguard’s chief investment officer, Jeff Molitor, reflects on what was forecast for 2011 and how these predictions compared to actual global political and financial events, and suggests how investors can learn from the past year.
The EDHEC European Exchange Traded Fund Survey 2011 presents the results of a comprehensive survey of 174 institutional investment managers and private wealth managers. In addition to analysing ETF investment, the survey sheds light on the role of ETFs in asset allocation and compares ETFs and…
This survey analyses the views of European fund industry professionals on non-financial risk and performance in a changing regulatory framework. It analyses the risks those in the industry face as a result of regulation and of their practices, assesses their importance and impact in terms of…
While current technologies and techniques allow for more sophisticated and effective approaches to counterparty risk management than those that fell short in 2008, there are still barriers to successful adoption that will require organisational changes. Read this white paper to learn more.
In the light of issues raised by financial regulators and international organisations, new research at EDHEC-Risk Institute has addressed the question of the risks of Exchange-Traded Funds (ETFs) in Europe.