Latest news with #panEuropean
Finextra
22-07-2025
- Business
- Finextra
Mifundo and Crif unite to create Swiss credit information network
Mifundo, the fintech building Europe's unified cross-border credit data platform, today announced a strategic partnership with CRIF Switzerland, the leading Swiss provider of credit risk management solutions. 0 The collaboration integrates CRIF's comprehensive Swiss credit data with Mifundo's pan-European network, enabling European banks to gain instant access to Swiss credit information when serving Swiss mobile professionals. The partnership addresses a significant gap in European financial mobility. Swiss professionals working across Europe often face lengthy verification processes when applying for banking services, as European banks cannot easily access their Swiss credit histories. Through this integration, European banks can access comprehensive Swiss credit data instantly via Mifundo's platform. "Adding Swiss data to our platform represents another crucial step toward making banking truly borderless across Europe," said Kaido Saar, CEO of Mifundo. "Swiss professionals contribute significantly to Europe's economic dynamism as they work across European countries. This partnership advances our mission of creating a passportable financial identity that works everywhere in Europe by ensuring people's credit history follows them wherever they go." Daniel Gamma, Director Corporate Sales at CRIF Switzerland, commented: "With over 30 years of experience serving financial institutions, we recognize the strategic importance of enabling seamless cross-border credit assessment. Our partnership with Mifundo marks a significant milestone in advancing European financial integration. This collaboration empowers European banks with access to reliable Swiss credit data through a unified platform, essential for enabling financial inclusion. We're proud to leverage our expertise to build infrastructure that not only benefits financial institutions but also supports the dynamic needs of mobile professionals' The technical integration maintains full compliance with GDPR and Swiss data protection standards while providing banks with reliable information for confident lending decisions. Mifundo's experience has shown up to 7x reduction in credit risk and 15% increase in business volume for banks using reliable credit histories to serve cross-border customers. CRIF Switzerland brings three decades of market expertise and proven infrastructure serving thousands of financial institutions to the partnership. The collaboration strengthens Mifundo's pan-European network, whose passportable identity platform now covers over 70% of European population. The partnership supports the EU's broader vision of integrated financial services by connecting national credit systems through robust data infrastructure. Both companies have received substantial validation for this approach, with Mifundo securing €10 million from the European Innovation Council and recognition as Europe's LendTech of the Year 2023.
Telegraph
26-06-2025
- Business
- Telegraph
Real estate is on the road to recovery. Here's how to profit
Questor is The Telegraph's stock-picking column, helping you decode the markets and offering insights on where to invest. As with so many other asset classes, the real estate market took fright in 2022. In just two months, the index tracking real estate equity trends fell sharply, down 33pc between August and October of that year. While it has since staged a recovery, up 45pc from its lows, the sector has been on a volatile journey. However, in spite of the macro-economic headwinds of recent years, we see an important positive inflexion point for pan-European listed real estate – and know how investors can profit from it. TR Property Investment Trust offers access to a portfolio of UK and European real estate securities, as well as investments in the bricks-and-mortar properties themselves. The trust has focused solely on property investing for more than 40 years and aims to pay investors an income while compounding their capital growth. It is managed by a highly experienced team led by Marcus Phayre-Mudge and, under his stewardship, the trust has consistently outperformed its market benchmark with about 2pc annualised outperformance over the past five years. Marcus Phayre-Mudge brings a wealth of experience and a disciplined investment approach. His focus on bottom-up analysis and stock selection, combined with a deep understanding of macroeconomic trends, has enabled the trust to navigate volatile markets effectively. The manager's emphasis on balance sheet strength, dividend sustainability, and management quality helps to ensure that the portfolio remains resilient even during periods of economic uncertainty and, importantly, captures the market rebound. The portfolio is diversified across geographies and sectors, with significant allocations to logistics, residential, shopping centres and office properties. As of the end of May 2025, the trust's largest exposures were to the UK, France, Germany and Sweden. Top holdings include Vonovia, a specialist in German residential and one of the largest real estate companies in continental Europe by market capitalisation; TAG Immobilien, a residential company, with a portfolio of about €6.5bn (£5.5bn) split between Germany and Poland; and Picton Property Income, a diversified UK Reit with a weighting towards UK industrial. This reflects a strategic tilt towards high-quality, income-generating assets with strong fundamentals. The trust's physical property portfolio, though a smaller component at about 5pc of net asset value (Nav), provides additional diversification and income stability. In our view, what sets this company apart is its active management style and the ability to adapt to changing market conditions. The trust has demonstrated a strong track record of identifying undervalued opportunities and capitalising on structural trends such as urbanisation, e-commerce and demographic shifts. Its flexible mandate and the closed-end structure allow it to adjust sector and geographic exposures dynamically, enhancing its ability to generate outperformance. In addition, 'animal spirits' have returned to the market over the past few years, and the trust is well-placed to be a beneficiary of this phase in the property cycle. Recent portfolio activity includes selective additions to logistics and residential names, reflecting the manager's confidence in these sectors' long-term prospects. The trust also reduced exposure to office assets in weaker locations, aligning the portfolio with evolving tenant preferences and hybrid working trends. Looking ahead, potential catalysts include a stabilisation in interest rates, improving rental growth and continued consolidation within the pan-European property sector. The trust has a long-standing commitment to delivering income to shareholders. For the year to the end of March 2025, it declared a total dividend of 15.9p per share, representing a 1.3pc increase from the previous year. It currently yields 4.7pc and this dividend has grown every year since 1996 (excluding 2010 where it was held unchanged) and boasts an annual dividend growth rate of 8pc over the last decade. In terms of valuations, the trust is trading at a discount to net asset value, currently about 9pc, which we think presents an attractive entry point for investors. As market sentiment improves, there is scope for this discount to narrow, providing additional upside. The valuation of the pan-European property equity market has bounced off its post-global financial crisis discount levels but, even though Navs are rising, the ratings are still dislocated. Listed real estate share prices continue to be driven by interest rates and movements in the yield curve, and in Britain, a pick-up in transaction activity points to some green shoots of recovery, as well as much-needed price discovery. In this column's view, there is an attractive valuation opportunity in listed real estate. Merger and acquisition activity will probably remain elevated and the market is likely to continue rewarding the winning sub-sectors and quality growth companies, but dispersion is also likely to remain high. At the risk of stating the obvious, the outlook should only improve further if the future path of interest rates is downward.
Yahoo
02-06-2025
- Business
- Yahoo
Hedge funds buy stocks at quickest pace since Nov 2024, Goldman Sachs says
By Nell Mackenzie LONDON (Reuters) -Hedge funds bought global equities last week at the quickest pace since November 2024, Goldman Sachs said in a note, just as stock markets ended the month with their most positive May performance in decades. The S&P 500 advanced just over 6% in May, its biggest monthly rise since November 2023 and its best gains for the month of May since 1990. The Nasdaq rallied about 9.6%, which was also its biggest monthly gain since November 2023 and its best May performance since 1997. Hedge funds ended the week bullish in every global region, led by North America and Europe, the Goldman Sachs report said. Technology companies attracted the highest interest, with hedge funds accumulating the largest weekly number of net long positions in the sector in over five years. Buying centered on firms integral to the artificial intelligence industry, including semiconductor manufacturers, technology hardware producers and electrical equipment companies, the report said. North American tech companies were favoured by hedge fund trades, followed by European counterparts, Goldman Sachs said. The pan European stock index returned more than 5% in May. Hedge funds bought European stocks for the third straight week and at the fastest pace in three months, the Goldman note said. Companies in Spain, France, Finland, Germany, Sweden and Denmark were the most net bought markets this week, while Ireland, the Netherlands and Switzerland were the most net sold, said the Goldman report. European stock sectors bought by global hedge funds last week included consumer discretionary, financial, health care and communications companies, the data showed. Hedge funds mostly bought single stocks but also made some long trades in stock indexes too, said Goldman Sachs. A long position expects an asset price to rise. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Reuters
02-06-2025
- Business
- Reuters
HEDGE FLOW Hedge funds buy stocks at quickest pace since Nov 2024, Goldman Sachs says
LONDON, June 2 (Reuters) - Hedge funds bought global equities last week at the quickest pace since November 2024, Goldman Sachs said in a note, just as stock markets ended the month with their most positive May performance in decades. The S&P 500 (.SPX), opens new tab advanced just over 6% in May, its biggest monthly rise since November 2023 and its best gains for the month of May since 1990. The Nasdaq (.IXIC), opens new tab rallied about 9.6%, which was also its biggest monthly gain since November 2023 and its best May performance since 1997. Hedge funds ended the week bullish in every global region, led by North America and Europe, the Goldman Sachs (GS.N), opens new tab report said. Technology companies attracted the highest interest, with hedge funds accumulating the largest weekly number of net long positions in the sector in over five years. Buying centered on firms integral to the artificial intelligence industry, including semiconductor manufacturers, technology hardware producers and electrical equipment companies, the report said. North American tech companies were favoured by hedge fund trades, followed by European counterparts, Goldman Sachs said. The pan European stock index (.STOXX), opens new tab returned more than 5% in May. Hedge funds bought European stocks for the third straight week and at the fastest pace in three months, the Goldman note said. Companies in Spain, France, Finland, Germany, Sweden and Denmark were the most net bought markets this week, while Ireland, the Netherlands and Switzerland were the most net sold, said the Goldman report. European stock sectors bought by global hedge funds last week included consumer discretionary, financial, health care and communications companies, the data showed. Hedge funds mostly bought single stocks but also made some long trades in stock indexes too, said Goldman Sachs. A long position expects an asset price to rise.
Yahoo
02-06-2025
- Business
- Yahoo
Hedge funds buy stocks at quickest pace since Nov 2024, Goldman Sachs says
By Nell Mackenzie LONDON (Reuters) -Hedge funds bought global equities last week at the quickest pace since November 2024, Goldman Sachs said in a note, just as stock markets ended the month with their most positive May performance in decades. The S&P 500 advanced just over 6% in May, its biggest monthly rise since November 2023 and its best gains for the month of May since 1990. The Nasdaq rallied about 9.6%, which was also its biggest monthly gain since November 2023 and its best May performance since 1997. Hedge funds ended the week bullish in every global region, led by North America and Europe, the Goldman Sachs report said. Technology companies attracted the highest interest, with hedge funds accumulating the largest weekly number of net long positions in the sector in over five years. Buying centered on firms integral to the artificial intelligence industry, including semiconductor manufacturers, technology hardware producers and electrical equipment companies, the report said. North American tech companies were favoured by hedge fund trades, followed by European counterparts, Goldman Sachs said. The pan European stock index returned more than 5% in May. Hedge funds bought European stocks for the third straight week and at the fastest pace in three months, the Goldman note said. Companies in Spain, France, Finland, Germany, Sweden and Denmark were the most net bought markets this week, while Ireland, the Netherlands and Switzerland were the most net sold, said the Goldman report. European stock sectors bought by global hedge funds last week included consumer discretionary, financial, health care and communications companies, the data showed. Hedge funds mostly bought single stocks but also made some long trades in stock indexes too, said Goldman Sachs. A long position expects an asset price to rise.
