Expanding the Legacy
Expanding the Legacy
The triple terrorist attacks that rocked France last week will have a negligible impact on the country’s economy. According to Economics Professor Todd Sandler of the University of Texas Dallas business confidence is seldom affected when terrorists strike in advanced countries.
Most advanced economies are lagging in entrepreneurial vitality. According to a report published last week by the World Economic Forum, the most ambitious and innovative businesspeople are to be found in emerging countries.
In the wake of the terrorist attack on the French satirical magazine Charlie Hebdo, which left ten staff members and two police officers dead, it is more important than ever to remember – and indeed emphasise – the difference between a faith and those who misuse faith to commit heinous acts.
After the Hellenic parliament on December 29 failed to elect a president in a third round of voting, triggering a constitutionally mandated snap election, yield on the benchmark ten-year bond jumped to over 9.7% (from its summer low of 3.5%) whilst shares on the Athens Stock Exchange plunged on average 11%.
Whilst financial markets globally have undergone substantial stress and change, an increasing number of mainstream investors see ESG (Environmental, Social, and Governance) integration as a way to improve their long-term financial performance and to respond to increased client demand for sustainable investments. This trend offers companies opportunities to attract long-term investors whilst, at the same time, reduce shareholder turnover by aligning their investment strategy with the real needs of their business and laying down the foundation for a sustainable future. Asset owners see ESG integration as an opportunity to generate long-term performance while fulfilling their fiduciary obligations, whilst investment managers see it as a way to improve risk management in the financial performance of their investment portfolio.
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