The NIC December’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, Federico Farina elaborates on the influence that the boom in the US M&A environment has on the financial market. Moreover, in our Regional View, Corina Popa examines the poor performance of SOEs likely to downgrade South Africa to junk.
Our Investment Banking Division will guide you through November’s M&A overall activity. Read about Google to acquire Fitbit, LVMH to buy Tiffany & Co. in the largest luxury goods deal ever and Charles Schwab to acquire TD Ameritrade in landmark deal. Additionally, get a detailed overview on what happened to PayPal, as well as consider our opinion on AbbVie, the fourth largest corporate bond issuance of all time.
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 active positioning of the NIC Fund in November yielded a 1.69% cumulative return, majorly supported by Equities.
Lastly, our President, Francisca Fernandes, examines how the Saudi Aramco came up short on their valuation and Raphael Salimi elaborates on BlackRock launching Europe’s first high yield ESG ETF.
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