ESG ETF Inflows Increase 55% to $3.08B last week, most in at least a year
Net inflows totaled $38.6 billion year-to-date
Net inflows totaled $40.5 billion over the last year
Source: Bloomberg
Switzerland’s inflation forecast backs SNB rate staying on hold
Switzerland’s government sees next year’s
inflation within the central bank’s target range, the latest evidence supporting a likely hold from policymakers this week. Consumer prices will grow at an annual 1.9% in 2024, in line with the previous forecast, the State Secretariat for Economic Affairs said on Wednesday.
Source: Bloomberg
Goldman, Citi ready Trading Desks for new wave of Carbon deals
As the carbon offset market gets a new lease on life from the COP28 climate summit in Dubai, bankers from Wall Street and the City of London are positioning themselves to get a chunk of the dealmaking they say is coming.
Banks that have been building up carbon trading and finance desks include Goldman Sachs Group, Citigroup, JPMorgan Chase and Barclays.
Source: Bloomberg
One bond market is defying global selloff with mega returns
As bond markets everywhere get battered by a cocktail of higher interest rates, deficit angst and hawkish central bankers, one class of debt instrument is handing creditors double-digit returns: catastrophe bonds.
Because of the way the bonds are structured, their coupons keep going up as Treasury yields rise, and investors get a sizable risk premium on their capital, as long as catastrophe doesn’t hit.
Source: SwissRe, Bloomberg
