Wealth management market european wealth management market

European wealth management market players are navigating ECB policy signals, as dovish commentary has supported cyclical sectors. The EuroStoxx 50 index’s +4% YTD performance is prompting portfolio overweight in industrials. Lynch also said that instead of analyzing economic and market forecasts, it’s important to look at savings rates, employment, oil prices, industries that have gone from miserable to improving. “I just want to know facts right now,” he said. Mark Alberici, global head of product innovation and strategic partnership at State Street Investment Management, said in a statement:“With this launch, we are expanding our liquid credit partnership with Blackstone beyond the US and are excited to bring Blackstone’s historical expertise in CLOs to the European market via the UCITS ETF structure, as we continue to democratize investing by helping reduce barriers to entry into this historically hard-to-access area of the market.” Q2 earnings season has reinforced confidence in the wealth management market outlook, as over 78% of S&P 500 companies reported EPS above consensus, lifting forward P/E multiples across multiple sectors.