ASSET ALLOCATION IN EUROPE: What challenges and opportunities lie ahead?

Published in: 

BACKGROUND

In the coming years, asset allocation will be impacted by the changing macroeconomic environment, evolving investor demographics, technology and regulation. CEPS and ECMI are inviting policymakers, industry representatives and academics to take part in a special Task Force. The purpose is to contribute to the public debate about facilitating households’ access to savings products with stable returns over time (for example, the PEPP), and promoting long-term investment through capital markets across the EU.                                                                                                    

  • What topics are likely to dominate the investment space in Europe – reflation, demographics, low returns, growth opportunities, sources of yield and risk diversification, sustainable finance, etc.?
  • Are institutional investors equipped for major market/regulatory/technological shifts? If so, what will this mean for their business models and asset allocation strategies?
  • Does the current supply of investment products meet the needs of retail investors across the EU? Is it necessary to support the creation of new retail investment products?
  • Does the current regulatory framework (at national or EU level) provide incentives for long-term, cross-border investment?

MAIN OBJECTIVE

This Task Force aims to engage a diverse group of stakeholders in a structured dialogue to:

  1. identify the factors at macro- and micro- level that will drive investment decisions in Europe in the short, medium and long run;
  2. analyse their impact on households/retail investors and on different categories of financial intermediaries (asset managers, investment banks, insurance companies, pension funds); and
  3. put forward a list of recommendations to strengthen the long-term savings & investment channel in Europe.                                   

ORGANISATION

Chairman:      Jean-Pierre Pinatton, Supervisory Board, Oddo BHF

Rapporteurs:   Karel Lannoo, CEO, CEPS and Cosmina Amariei, Researcher, ECMI

TIMELINE and AGENDA

      MEETING 1 - 14 June 2017

Session 1.  Short vs long termism: what feeds into investment decisions?

Session 2.  Asset management in Europe: which way forward?

More information

       MEETING 2 -  October 2017                                  

FOCUS : insurance companies and pension funds 

       MEETING 3 - December 2017                                        

FOCUS: retail investors 

       MEETING 4 -  February 2017                                     

FOCUS: Review of the draft final report

       MEETING 5 - March 2018                                        

FOCUS: Launch of the report

PARTICIPATION 

Participation at the meetings will be limited to members of the Experts Group, the broader Task Force, observers and selected invitees. The final report will be launched at a public event in Brussels, open to the press, in the presence of high level policymakers and market participants.   

The first call for participation was open during 14 April – 9 June 2017.  

Another call will be launched before the second meeting. For other members to join the Task Force, the registration form will have to be filled in and returned before the indicated deadline.

PROSPECTUS 

REGISTRATION FORM

CONTACT US

Please do not hesitate to contact Cosmina Amariei by email at: cosmina.amariei@ceps.eu or by phone on +32 222 93 955.