HOUSE_OVERSIGHT_026698.jpg
972 KB
Extraction Summary
0
People
2
Organizations
5
Locations
1
Events
0
Relationships
3
Quotes
Document Information
Type:
Financial report / market analysis (page 18)
File Size:
972 KB
Summary
This document is page 18 of a financial report analyzing the attractiveness of Continental European markets (specifically Germany, France, and Italy) to sovereign investors between 2015 and 2017. It discusses the impact of Brexit and the economic strength of Germany's industrial sector. While the content is purely economic, the Bates stamp 'HOUSE_OVERSIGHT_026698' indicates this document was produced as evidence for the House Oversight Committee, likely during investigations into financial institutions (such as Deutsche Bank) regarding their handling of accounts related to Jeffrey Epstein.
Organizations (2)
| Name | Type | Context |
|---|---|---|
| House Oversight Committee |
Document bears the Bates stamp 'HOUSE_OVERSIGHT', indicating it was produced for a congressional investigation.
|
|
| European Union (EU) |
Subject of economic analysis regarding disbandment threats.
|
Timeline (1 events)
Locations (5)
| Location | Context |
|---|---|
|
Primary subject of economic analysis; identified as a stable platform for investment.
|
|
|
Region of economic analysis.
|
|
|
Mentioned in relation to Brexit and GDP comparison.
|
|
|
Compared in GDP and investment attractiveness.
|
|
|
Compared in GDP and investment attractiveness.
|
Key Quotes (3)
"Brexit has raised awareness of the related threat of wider EU disbandment, although this has had a relatively small effect on Continental European allocations on the whole"Source
HOUSE_OVERSIGHT_026698.jpg
Quote #1
"Germany is seen as a stable platform for investments across Europe."Source
HOUSE_OVERSIGHT_026698.jpg
Quote #2
"Sovereign investments in Germany have increased based on its economic strength"Source
HOUSE_OVERSIGHT_026698.jpg
Quote #3
Full Extracted Text
Complete text extracted from the document (1,566 characters)
Positivity towards Germany amidst concerns for Continental Europe
Brexit has raised awareness of the related threat of wider EU disbandment, although this has had a relatively small effect on Continental European allocations on the whole (from 12.8% of AUM in 2016 to 11.2% in 2017). Instead, it has caused sovereigns to focus on the more stable countries within the EU.
Sovereign investments in Germany have increased based on its economic strength (with its attractiveness increasing year-on-year in figure 10), and many respondents attribute this to Germany's industrial sector (an estimated 30.3% of GDP relative to 19.2% in the UK, 19.4% in France and 23.9% in Italy).
However, investment sovereigns identified German financial markets as an area of potential growth post-Brexit, offering a stable platform for investments across Europe. Furthermore, liability sovereigns explained that if the eurozone were to disband, Germany's role as the financial hub of Europe would have significant upside for the German currency, with many funds building currency hedging strategies to take this into account.
Brexit has raised awareness of the related threat of wider EU disbandment, although this has had a relatively small effect on Continental European allocations on the whole (from 12.8% of AUM in 2016 to 11.2% in 2017). Instead, it has caused sovereigns to focus on the more stable countries within the EU.
Sovereign investments in Germany have increased based on its economic strength (with its attractiveness increasing year-on-year in figure 10), and many respondents attribute this to Germany's industrial sector (an estimated 30.3% of GDP relative to 19.2% in the UK, 19.4% in France and 23.9% in Italy).
However, investment sovereigns identified German financial markets as an area of potential growth post-Brexit, offering a stable platform for investments across Europe. Furthermore, liability sovereigns explained that if the eurozone were to disband, Germany's role as the financial hub of Europe would have significant upside for the German currency, with many funds building currency hedging strategies to take this into account.
Fig 10. Attractiveness of continental European markets to sovereign investors
2015
2016
2017
2015
2016
2017
Germany
7.0
7.6
7.8
7.0
7.6
7.8
France
6.2
6.6
6.1
6.2
6.6
6.1
Italy
5.6
5.9
6.1
5.6
5.9
6.1
Germany is seen as a stable platform for investments across Europe.
Sample is based on sovereign investors and excludes central banks.
Rating on a scale from 1 to 10 where 10 is the most attractive. Rating scored as of Q1 of the given years.
Sample: 2015=26, 2016=44, 2017=58.
Rating on a scale from 1 to 10 where 10 is the most attractive. Rating scored as of Q1 of the given years.
Sample: 2015=26, 2016=44, 2017=58.
18
HOUSE_OVERSIGHT_026698
Discussion 0
No comments yet
Be the first to share your thoughts on this epstein document