Lyxor is to switch key European, Global and US ETFs to physical replication, in a drive to continuously improve the quality of replication for investors. Following the switch, Lyxor will have more than half of its assets (€25bn) in physical replication, making it the third largest physical ETF provider in Europe...

Candriam Investors Group, the pan-European multi-specialist asset manager, with EUR91bn of AUM and owned by New York Life Investment Management (NYLIM), announces the appointment of Keith Dixson as Head of International Development. In this new function, Mr. Dixson will report directly to Candriam CEO Naïm Abou-Jaoudé.

Societe Generale Private Banking (SGPB) has appointed Olivier Paccalin as Head of Wealth Management Solutions. Based in Paris, he joins the Executive Committee of SGPB and succeeds Bruno Lèbre, who becomes Head of Business Development. Olivier Paccalin's appointment has been effective since 15 September 2015.

First, let's start with an apology: All too often this year our notes have focused on the U.S. Federal Reserve, or global monetary policy in general. In our defense, as the global economy becomes more dependent on debt, in all its forms, the importance of servicing that debt cannot be overstated. Moreover, as fiscal policies have become exhausted in an era of European austerity and U.S. Congressional dysfunction, the role of monetary policy has been magnified. Until recently, we have been fairly optimistic concerning the Fed's ability to navigate the course to higher rates. We are less so today.

The Eurozone offers better valuations for high yield bonds than any other region in the world, according to new research by NN Investment Partners (NN IP). The research, conducted amongst NN IP's panel of institutional investment managers, showed 27% of respondents rated Eurozone valuations as strong or very strong while the US was cited by 22%, the UK and Japan by 18% each and Asia ex-Japan by 16%.