Through ESG, institutional investors increasingly want to reach the territories, so that these reflect their commitment to sustainable development but also to corporate financing at the local level. They will have to stay the course because the period promises to be full of turbulence for the famous risk/return ratio of their financial management.
The transformations that are imposed on companies indeed represent investments with no guarantee of return in the short or even medium term, in terms of profitability as well as in terms of valuations. Not to mention the gas crisis caused by the war in Ukraine, which is hampering the decarbonization of certain sectors of activity.
At the same time, the war in Ukraine and controversies such as Orpea are stimulating their shareholder engagement, but what are the priorities of major investors today in terms of voting policy?
On the investment side, did the SFDR regulations lead them to clean up their portfolios, in particular by withdrawing the self-proclaimed article 6 funds?
Inflation encourages them to adjust their bond allocation which remains dominant for many of them. In addition, geopolitical tensions are changing perceptions and making certain debts of peripheral European states attractive.
At the same time, the rise of real assets (private equity, private debt, real estate, infrastructure) in institutional portfolios, triggered in particular by the period of low interest rates, does not seem to be slowing down. The arrival of a retail clientele, particularly in private equity, will automatically lead to a reduction in the investment universe. So what can one expect from the tokenization of real assets when one is an institutional investor?
Here are some of the topics that will be analyzed on December 8 by the community of major French investors on the occasion of National Investor Day . This event will take place as usual at the Hôtel Salomon de Rothschild.