The war in Ukraine puts an end to the German economic business model as we knew it — a model which was mainly based on cheap energy imports and industrial exports into an increasingly globalized world. With
AXA Investment Managers (AXA IM), the €820 billion asset management arm of French insurance group AXA, has made its ETF debut in Europe.
AXA IM is planning to introduce additional active ETFs supporting UN Sustainable Development Goals.
All five ETFs track Solactive ISS ESG Net Zero Pathway indices which satisfy the requirements of the EU’s Paris Aligned Benchmark (PAB) regulation, aligning with a trajectory to limit global warming to 1.5°C
Economists project that the German economy is on pace for three consecutive quarters of contractions beginning now after Russia halted gas delivers and triggered surging energy prices ahead of the winter
I saw two macro drivers to be bullish: 1) nuclear power has much lower carbon emissions than fossil fuels, and 2) after Russia’s invasion of Ukraine, governments around the world will be reassessing their energy
The thought could easily be central and western Europe are not Russia or Ukraine, so there isn’t as much risk in buying this fund as meets the eye. However, in 2022 my outlook on it has been modest, driven primarily