Funds

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The author is vice-chair at Oliver WymanHow will Europe fund the huge sums needed to invest in energy transition, digital infrastructure and defence? Despite a vast €33tn pool of savings, Europe has a plumbing problem. Its capital markets are under-developed, while its banking sector is insufficiently sized to handle the growing demands for capital expenditure. To address the investment conundrums, deeper capital markets are needed.The requirement is enormous: the European Commission has...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Once a year, there’s a moment in the US stock market when smaller companies get heard. This year it came at the end of June with the annual changes to the Russell 2000 index of small-cap stocks. The “Russell reconstitution” of its various indices generates about a 50 per cent jump in overall daily trading volumes for the US market as the $10.5tn of funds that track FTSE Russell’s US index family adjust...