Latest news with #BNPParibas
Bloomberg
an hour ago
- Business
- Bloomberg
EQT Gets $162 Million Loan for Payout to Indira IVF Stakeholders
Swedish private equity firm EQT AB has obtained an around $162 million loan to finance a payout to shareholders of India's fertility services provider Indira IVF, which it owns a majority stake in, according to people familiar with the matter. Some 16 banks participated in the loan including BNP Paribas SA, HSBC Holdings Plc, DBS Group Holdings Ltd. and several Taiwanese lenders, one of the people said, who asked not to be identified discussing a private matter. The facility carries a six-year tenor, the people said.
Reuters
11 hours ago
- Business
- Reuters
Global investors launch Europe defence funds to profit from rearmament
LONDON, May 28 (Reuters) - BlackRock (BLK.N), opens new tab and BNP Paribas ( opens new tab have become the latest asset managers to launch exchange-traded funds focused on funnelling cash into Europe's defence industry, with at least nine new funds created in the last seven months. European governments are ramping up spending on ammunition, tanks and other arms in response to deepening geopolitical tensions and U.S. President Donald Trump's warnings that they should not rely so much on Washington. This has prompted money managers to tap into growing investor demand to profit from the region's rearmament drive. Asset managers offer more than 50 defence industry ETFs globally, but Europe-focused products are a recent trend, with nine launched since late last year, according to company releases and data from Morningstar Direct. The world's largest asset manager BlackRock and the fund arm of French bank BNP Paribas said their launches were in response to increased demand. Amundi and WisdomTree had earlier launched similar products. ETFs are a fast-expanding part of the investment market, offering investors exposure to an index of stocks or bonds without having to pick individual assets. Investors globally have ploughed an additional $8.4 billion into defence ETFs so far this year, of which $2.7 billion has been put into the new European-focused products, according to Morningstar data. The overall $8.4 billion is more than double the $4.1 billion added over the whole of 2024, the data shows. The BlackRock European product, launched under its iShares platform, listed in Amsterdam and Frankfurt on Wednesday, according to a statement from the product index provider STOXX. BNP Paribas' asset management arm said in a statement on Tuesday that it had listed in Paris an ETF focused on European defence and would soon list it in Germany, Italy and Switzerland. The fund will focus on financing defence companies within European NATO member states, BNP said. Defence stocks have soared in value this year, helping to attract money managers offering new investment products. Fund managers including Allianz and UBS have also ditched some prior exclusions on investing in defence.
Yahoo
11 hours ago
- Business
- Yahoo
Global investors launch Europe defence funds to profit from rearmament
By Iain Withers LONDON (Reuters) -BlackRock and BNP Paribas have become the latest asset managers to launch exchange-traded funds focused on funnelling cash into Europe's defence industry, with at least nine new funds created in the last seven months. European governments are ramping up spending on ammunition, tanks and other arms in response to deepening geopolitical tensions and U.S. President Donald Trump's warnings that they should not rely so much on Washington. This has prompted money managers to tap into growing investor demand to profit from the region's rearmament drive. Asset managers offer more than 50 defence industry ETFs globally, but Europe-focused products are a recent trend, with nine launched since late last year, according to company releases and data from Morningstar Direct. The world's largest asset manager BlackRock and the fund arm of French bank BNP Paribas said their launches were in response to increased demand. Amundi and WisdomTree had earlier launched similar products. ETFs are a fast-expanding part of the investment market, offering investors exposure to an index of stocks or bonds without having to pick individual assets. Investors globally have ploughed an additional $8.4 billion into defence ETFs so far this year, of which $2.7 billion has been put into the new European-focused products, according to Morningstar data. The overall $8.4 billion is more than double the $4.1 billion added over the whole of 2024, the data shows. The BlackRock European product, launched under its iShares platform, listed in Amsterdam and Frankfurt on Wednesday, according to a statement from the product index provider STOXX. BNP Paribas' asset management arm said in a statement on Tuesday that it had listed in Paris an ETF focused on European defence and would soon list it in Germany, Italy and Switzerland. The fund will focus on financing defence companies within European NATO member states, BNP said. Defence stocks have soared in value this year, helping to attract money managers offering new investment products. Fund managers including Allianz and UBS have also ditched some prior exclusions on investing in defence.
Bloomberg
12 hours ago
- Business
- Bloomberg
Close to 'Inflection Point' for Yields: BNP Paribas' Robson
Meghan Robson, Head of US Credit Strategy at BNP Paribas, says we are close to an inflection point where higher yields can start to challenge credit. She speaks to Bloomberg's Jonathan Ferro, Lisa Abramowicz and Annmarie Hordern on "Bloomberg Surveillance." (Source: Bloomberg)
Zawya
16 hours ago
- Business
- Zawya
Copper rises on signs of tighter nearby supply
Copper prices rose on Wednesday as signs of tighter nearby supply in the London Metal Exchange system provided support, although ongoing U.S.-China trade tensions kept the growth-dependent metal in a tight range. Benchmark three-month copper on the LME was up 0.5% at $9,639 a metric ton by 0950 GMT, after hitting a two-week high of $9,655. Copper, used in power and construction, is up 5.7% so far this month as global trade tensions eased compared to April when U.S. President Donald Trump announced reciprocal tariffs. Providing support to the metal are declining stocks in LME-registered warehouses , down 43% since mid-February to 154,300 tons, the lowest in almost a year. The spread between the cash LME and the three-month copper contract was last at a premium of $40 a ton compared with $3 a week ago, indicating tighter nearby supply. Meanwhile, Washington is continuing an investigation on whether to impose new copper import tariffs, keeping the premium of COMEX copper against the LME benchmark elevated and attracting more metal into COMEX-owned warehouses . "If a tariff is applied, the incentive to move copper to the U.S. will cease, in our view prompting more physical flow into the LME, a price headwind," analysts at BNP Paribas said in a note. "If there is no tariff or the potential tariff rate is far less than expected we think CME prices will collapse, with a negative knock-on impact on LME prices," it added. BNP Paribas expects average LME copper prices at $8,610 in the third quarter before a rise to $9,180 in the fourth quarter. From the point of view of global supply, the copper market was in a surplus of 289,000 tons in January-March compared with 268,000 tons a year earlier, according to the International Copper Study Group. Among other LME metals, aluminium and zinc added 0.1% to $2,485.50 a ton and $2,707, respectively. Lead shed 0.3% to $1,979, tin lost 2.0% to $31,870 and nickel fell 1.7% to $15,150. (Reporting by Polina Devitt; Editing by Jan Harvey)
