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

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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 the need to facilitate European households’ access to savings products with stable returns over time, and to promote long-term investment across the EU through more capital markets-based financial intermediation.

  • 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?

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 drive investment decisions in Europe in the short, medium and long run;
  2. analyse the 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.

Mr. Jean-Pierre Pinatton (Chairman of the Supervisory Board, Oddo BHF Group) has kindly agreed to chair the Task Force. Participation will be limited to members of the Experts Group, the broader Task Force, observers and selected invitees. The first meeting will take place on 14 June 2017 and at least four closed-door meetings will be organised this year. 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.

IF YOU ARE INTERESTED IN JOINING THIS TASK FORCE, PLEASE REVIEW THE PROSPECTUS AND RETURN THE REGISTRATION FORM BY 15 MAY 2017.

For further questions, please do not hesitate to contact Ms. Cosmina Amariei (Researcher, ECMI) by email at: cosmina.amariei@ceps.eu or by phone on +32 222 93 955.