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The 5 arrows of Edmond de Rothschild, frosted glass by artist Gilles Chabrier, Paris
The SRI Chronicles – July 2025

SRI Chronicles

The SRI Chronicles – July 2025

17/07/2025

"Veritas" - Science and research, present and future allies of sustainable development

"Fortis est Veritas. “Strong is truth” is Oxford's motto, which you will read on many a pediment as you stroll through this magical place of knowledge and learning. 

“Veritas” is the motto of Harvard University.

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Market flash: US customs tariffs are a floating threat to global trade

Market insights

Market flash: US customs tariffs are a floating threat to global trade

11/07/2025

•    Washington sent letters to several countries announcing between 20-50% in tariffs and additional levies on products and goods that are re-exported to third countries as a way of sidestepping the increases.
•    France set an ambitious target of 4.6% for the government deficit in 2026. Meanwhile, the UK is struggling with a weak economy but that will allow the Bank of England to cut rates.
•    In China, consumer prices rose slightly but production prices continued to suffer from deflation.

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Re-engaging European savings: a strategic imperative for resilient growth

Market insights

Re-engaging European savings: a strategic imperative for resilient growth

08/07/2025

Europe is going through a period of profound change - industrial, energy and geopolitical - which is redefining the conditions for its long-term economic development. Against this backdrop, the question of savings allocation takes on a strategic dimension.

We offer you an in-depth analysis of this central issue:
“Re-engaging European savings: a strategic imperative for sustainable growth”.

This document explores the concrete levers for redirecting private savings towards the real economy, with a view to sovereignty, innovation and sustainable transition.

Translated with DeepL.com (free version)

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Edmond de Rothschild Asset Management ranked among the Top 200 Asset Managers in Europe by Funds Europe

Awards

Edmond de Rothschild Asset Management ranked among the Top 200 Asset Managers in Europe by Funds Europe

08/07/2025

We are proud to be ranked among the Top 200 Asset Managers in Europe by Funds Europe

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Market flash: the One Big Beautiful Bill : An outsized fiscal and budgetary package

Market insights

Market flash: the One Big Beautiful Bill : An outsized fiscal and budgetary package

04/07/2025

•    A trade agreement with Vietnam has been reached, while negotiations with the EU, Japan, India, and Korea are proceeding with difficulty.
•    So far the tariff war appears to be leaving little trace on the US economy, as illustrated by mixed labor market indicators. 
•    Both houses of Congress passed the “One Big Beautiful Bill” in an even more expansive version than its initial draft.

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With a changing world and unflappable markets, Edmond de Rothschild Asset Management unveils its investment outlook for the second half of the year

Press release

With a changing world and unflappable markets, Edmond de Rothschild Asset Management unveils its investment outlook for the second half of the year

03/07/2025

•    H1 2025: major political issues, but no significant impact on market performance, apart from occasional volatility.
•    Points to watch for investors in the second half of the year: geopolitical risk, trade tensions and the US public deficit. 
•    Allocation point: slight underweighting of equities - particularly US equities - and of the dollar. On the bond side, avoid long-dated bonds, as the risk of recession remains moderate.
•    Positive views on Europe: the implementation of the Draghi plan could enable the continent to catch up, by boosting competitiveness and supporting industry and technology.

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House View : Outlook & Convictions for the second half of 2025

House View : Outlook & Convictions for the second half of 2025

02/07/2025

Asset allocation : Undaunted markets in a changing world
Benjamin Melman, Global CIO AM
 
The credit market, a new safe haven for investors! 
Alain Krief, Head of Fixed Income
 
European equities, a powerful new narrative
Caroline Gauthier, Co-Head of Equities 
 
International equities: The world's largest casino 
Jacques-Aurélien Marcireau, Co-Head of Equities

Management philosophy: Mission sovereignty : resilience in action
Aymeric Gastaldi, International Equities Manager & Anthony Penel, European Equities Manager

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Market flash: Markets keep their calm despite escalation in the Middle East

Market insights

Market flash: Markets keep their calm despite escalation in the Middle East

27/06/2025

•    The US Secretary of commerce said around 10 trade deals had been signed, and progress is being made in discussions with China.
•    In Europe, the NATO countries, except Spain, agreed to increase defence spending to 5% of GDP.
•    Japan's PMI composite is expanding, contrasting with Europe’s PMI, particularly in France, where the political situation is fragile following the failed pensions working party.

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Edmond de Rothschild REIM Appoints Klaus Schmitz as Chief Investment Officer Europe and Executive Chairman UK

Press release

Edmond de Rothschild REIM Appoints Klaus Schmitz as Chief Investment Officer Europe and Executive Chairman UK

25/06/2025

Edmond de Rothschild Real Estate Investment Management (REIM) a nommé Klaus Schmitz au poste de Chief Investment Officer Europe et Executive Chairman de Edmond de Rothschild REIM UK, à compter du 1er septembre 2025.

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Market flash: Markets hold firm amid Middle East tensions and US slowdown

Market insights

Market flash: Markets hold firm amid Middle East tensions and US slowdown

20/06/2025

•    Despite escalating tensions in the Middle East and recent statements from Donald Trump, investors remain broadly confident as long as the conflict does not spread and the Strait of Hormuz remains operational.
•    The One Big Beautiful Bill Act continues to face hurdles in Congress. Meanwhile, May’s economic indicators disappointed, with a decline in industrial production and weaker retail sales.
•    Neither the Fed, the Bank of England, nor the Bank of Japan altered their monetary policy. All three adopted a cautious tone, suggesting that any potential rate cuts will depend on the evolution of trade and geopolitical tensions.

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Edmond de Rothschild REIM and UNIQ strengthen their relationship with a new residential development in Barcelona

Press release

Edmond de Rothschild REIM and UNIQ strengthen their relationship with a new residential development in Barcelona

18/06/2025

The project is expected to have 60 units with views over Plaza de las Glòries and the 22@ skyline.

Edmond de Rothschild Real Estate Investment Management (REIM), through one of its pan-European strategies, and UNIQ Residential have reinforced their successful relationship with a new residential development in Barcelona, specifically in the area of Plaza de las Glòrìes, in the neighbourhood of Poblenou.

This marks the latest collaboration between the two companies, following their previous development, Casa Maury Pares on Calle Mallorca, which included 22 residential properties and a 104-bed senior living development, in central Barcelona.

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Market flash: Geopolitical risk has returned centre stage

Market insights

Market flash: Geopolitical risk has returned centre stage

13/06/2025

•    Israel conducted an attack targeting nuclear sites in Iran, leading to tensions and threats of retaliation; however, the impact on financial markets has remained limited.
•    Inflation figures in the United States are below expectations, aided by inventories that cushion the impact of import taxes.
•    Markets are responding to geopolitical risk by adopting a cautious stance on American equities and maintaining neutrality on corporate credit.

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