News & Events
Stay in touch, stay informed
– Global equities fell in September following five consecutive months of positive performance. Several reasons were given to explain this downward move including profit-taking ahead of the US elections, fears that the economic recovery may stall due to the second wave of infections and uncertainties related to the next round of US fiscal stimulus. Considering the months ahead and majors headlines to come (US Elections, Covid, Brexit,…), high volatility should be expected.
– Overall, most partners funds demonstrated resilience in September and outperformed their respective benchmark. Year-to-date, relative to benchmarks, the fund range (ex EM) is performing strongly.
– We hosted our second ‘K Women – Leader’s tips’ (off record with Top European Leaders) in Paris on October 8th with as guest incredibly talented Christine Jacglin, CEO of French Banque Palatine (BPCE) and who has headed several other banks before.
K Women Leader’s tips in Paris with guest: Christine Jacglin, CEO of french Banque Palatine (BPCE) and who has headed several other banks before.
– Despite last week’s first correction in large US tech stocks since March, it seems markets are remaining confident. Many managers suggest this correction provides a fresh buying opportunity and a supportive case for equity valuations. In terms of year-to-date performance all of our partners funds (ex-Emerging Markets) are back into positive territory.
– We hosted our first ‘K Women Leader’s tips’ (off-record with Top European Leaders) initiative in Paris last week which received strong positive feedback. We were honoured to have as our first guest speaker Inès de Dinechin, awarded in 2019: Top Sustainable European CEO, and 6 times in the Top 100 Most Influential Women in Finance in Europe. Next K Women event on October 8 !
K Women Leader’s tips in Paris with guest: Inès de Dinechin, awarded in 2019: Top Sustainable European CEO, and, 6 times in the Top 100 Most Influential Women in Finance in Europe.
– As we are heading into summer, the period is busy with conference calls and webcasts for those preparing for equity reinvestments.
– Our partners funds are now also registered on the ‘Euronext Funds360’ database (ex OPCVM 360) as well as other fund databases already (Morningstar, Bloomberg, Quantalys,…) and platforms (MFEX, FundChannel, Allfunds,…).
– K Women initiative is back after the summer, with a ‘Leader’s Tips’ breakfast session programmed on September 8th.
– In those difficult times (Covid, crisis, attacks…), it is obvious for us to reengage our support to the french charity ‘La Chaîne de l’Espoir’, providing medical and surgery support for women and children around the globe.
– May was a very strong month at K Funds, with many investors reaching out for information and preparing their equity repositioning.
– Equity markets continued their recovery from the March lows. Investor confidence and risk appetite were supported by the gradual reopening of the global economy and better than expected macro data. The S&P Index managed to break the 3000 level for the first time since February, closing the month up +35% from the March low and down 11% from the February high.
– Our Due Diligence & Fund monitoring services and consulting team has also been busy helping allocators in this period where risk management is highly scrutinised.
– Although global lockdown seems to be coming to an end, clearly our working habits will change for the long term. Across the asset management and investment industry, our contacts’ experience to working ‘full-time’ from home has been mostly successful. Hence most companies are now reviewing this.
– All funds performed strongly in April. Despite the grim economic data released, global equities saw strong performance as investors seemed increasingly willing to ignore the short-term negative news flow and focus on the gradual lifting of the lockdowns.
– Our ‘due diligence & fund monitoring’ services are gaining traction with several new request for proposals. Market volatility, travel bans, reduction in costs and Brexit are generating an increase in queries.
– As many partners and peers, since March we switched to remote working. Our agile business model, flexibility and IT systems allowed smooth and fast transition. From an operations perspective, we are operating business as usual. Although all portfolio manager events, roadshows and meetings have been cancelled for now, the team has remained available at all times for calls/visio and queries, and this, more than ever. Our Due Diligence & Fund monitoring services and consulting team has also been busy helping allocators in this period where risk management is highly scrutinised.
– On the fund side, Long-Only equity funds have been impacted of course across the range. Most have nevertheless outperformed their benchmark. Due to the drop in equity valuations, the future return profile of many of our partner’s funds has improved, hence the increase in inbound queries received.