Italian politics take centre stage, government crisis continues, and the temptation of positive yields
Here are the top 3 insights for August 28th.
- Amundi: Italian politics take centre stage
- Aegon: Italian government crisis continues
- DWS: The sweet temptation of positive yields
- The Deputy PM Matteo Salvini recently withdrew his party’s support to the coalition government headed by PM Giuseppe Conte, calling for a vote of no-confidence against the PM and subsequent snap elections.
- On the 20th of August, after addressing the Senate, PM Conte resigned.
- President Sergio Mattarella will now weigh three options — consult political parties to form a new government (with the same forces of the current coalition or new ones), appoint a caretaker government or call for fresh elections.
Genuine Scores for the top 3 Italian listed stocks:
- SeSa, 74
- Unipol Gruppo, 70
- Gamenet Group, 68
- Earlier this week the Italian Prime Minister Giuseppe Conte resigned after an intense parliamentary debate, triggering a government crisis.
- After fourteen months, the coalition between Five-Star Movement (5SM) and Lega, often seen as the most nationalist and populist Italian government in decades, has collapsed.
Genuine Scores for the top 3 Italian focused Bond funds:
- Lyxor EuroMTS 10Y Italy Bond ETF, 50
- Xtrackers II Italy Government Bond ETF, 45
- iShares Italy Government Bond ETF, 45
- Italian government bonds have hardly responded to the government crisis.
- A look at who owns those bonds nowadays provides some clues as to why this might be.
Genuine Scores for the top 3 Italian focused Equity funds:
- iShares Currency Hedged MSCI Italy ETF, 75
- Franklin FTSE Italy ETF, 51
- Amundi FTSE MIB ETF, 49
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All the best,
Genuine Impact Team
p.s. all Genuine Scores are accurate as of the 23rd of August