The NIC June’s Newsletter is here!
In our Macro Overview section, Analysts from both divisions will cover broad macro themes while reviewing major economic news from the past month. In our Deeper Dive section, Tobias Berberich, our IBD Head, elaborates on the impact of the pandemic in the high-quality crude oil, shade, in the US. Moreover, in our Regional View, our FMD Head, Maxime Hozé examines Beijing’s new attempt to erode Hong Kong’s “one country-two systems”.
Our Investment Banking Division will guide you through May’s M&A overall activity. Read about Zynga to acquire Peak Games, Providence Equity Partners, Cinven and KKR to jointly acquire MasMovil, and Western Union looking to buy MoneyGram. Additionally, get a detailed overview on what happened to eBay, as well as consider our opinion on the Central Banks’ digital currency.
Our Financial Markets Division will present the monthly results of the NIC Fund, an active relative return fund investing across four different asset classes: Equities, Fixed Income, Commodities and Currencies. The analysts will also provide commentary on each of the four major asset classes through analysis of the past month’s major market moves. The overall performance of the NIC Fund in May was positive, with a cumulative return of 3.97%, mainly driven by Equities in the Information Technology sector.
On the Hot Topic of this month, Henrique Oliveira examines the possibility of the stock market being detached from the economy and, Paulina Michel, our Head of Communications, elaborates on the racist incidents happening in the US and the shocking reaction from the President Donald Trump. Lastly, on our ESG review in collaboration with Nordea, Philipp Gall writes about the impact and the importance of ESG during Covid-19.
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