Asset managers in Switzerland expect to hire more people in the near term, according to research that paints an optimistic picture for the country’s funds industry.
Asset managers in Switzerland expect to hire more people in the near term, according to research that paints an optimistic picture for the country’s funds industry.
Almost 500 companies listed on the London Stock Exchange have either cancelled, cut or suspended dividend payments so far this year.
An uneven global economic recovery vulnerable to increasing Covid-19 cases is said to be a primary factor behind the asset management industry’s negative outlook for the coming year.
Covid-19 is predicted to cause a sea-change for pension fund investing, mainly in the area of private markets and ESG.
Following a sluggish 2019 that saw the world economy grow by 2.9% year-over-year – its lowest growth rate for ten years – the Covid-19 pandemic triggered further contraction in Q1 2020 as travel restrictions and the closure of factories, education and retail outlets applied a handbrake to trade and investment.
Almost a quarter of a century after the Kyoto Protocol – which established a practical framework for implementing the United Nations Framework Convention on Climate Change – the financial industry’s progress in meeting commitments to environmental, social and governance principles has, arguably, been disappointingly slow.
