European mutual funds sharpen their claws in hope of a freer market
Article Abstract:
Mutual funds are booming throughout Europe. Individual investors show increasing preference for equity stock over traditional, fixed interest rate bonds. Expansion and modernization of European stock exchanges represents a powerful stimulus for investment. Increased internationalization of business and growth of major financial centers reinforces trends toward deregulation. The European Economic Community's directive, Undertakings for Collective Investment in Transferable Securities (UCITS) goes into effect in 1990, allowing the marketing of unit trusts across national boundaries. Marketing will still have to comply with target country regulations, which are strict in countries such as France. Such regulations could render UCITS ineffective, confining the mutual fund industry to stockbrokers, insurance firms, and banks.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1987
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Contesting the ratings
Article Abstract:
The duopoly of the credit rating market by two US giants has led to a German initiative to launch a European credit agency that could challenge Moody's Investors Service Inc and Standard and Poor's Corp. Oliver Everling, managing director of the Franfurt-based European Rating Agency Germany Project, believes that a European agency could provide a better service to European governments and companies that wish to borrow internationally. Robin Monro-Davies, managing director of London-based IBCA Banking Analysis Ltd, notes that there is room for a third agency in Europe and believes the German initiative may result in a pragmatic joint venture with his firm. Both men agree that a third force in credit rating will provide significant advantages.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1991
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The Swiss sharpen their teeth
Article Abstract:
Alusuisse (Decin, Czech Republic), aluminium processor, expects its 1999 proceeds to be 400 mil Kc higher compared to the 3 bil Kc generated in 1998. Its exports amounted to 20,000 t in 1998 compared to 1,000 t in 1993. Productivity of labour was 30.4 t per worker in 1998 compared to 19.8 t in 1993. Since 1991, the firm has had a 61.5% stake held by Allgroup Alusuisse (AA) (Switzerland). Since 1991 this firm has invested 1 bil Kc in new technologies for better aluminium processing, in the improving of the working environment and in environmental protection. AA is interested in the purchase of the state stake in Alusuisse and has begun negotiating this with the Czech government.
Publication Name: Ekonom-Tydenik Hospodarskych Novin
Subject: Business, international
ISSN:
Year: 1999
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