eToro initiated with a Buy at Goldman Sachs
Confident Investing Starts Here:
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Wire
3 minutes ago
- Business Wire
Octus Identifies Key CLO Trends for the First Six Months of 2025,
NEW YORK--(BUSINESS WIRE)--Octus, the essential credit intelligence and data provider for the world's leading buy-side firms, investment banks, law firms, and advisory firms, today announced its comprehensive recap of the collateralized loan obligation (CLO) market for the first half of 2025. The company also introduces its CLO League Tables with rankings data of top participants across the U.S. and European markets, further enhancing transparency and analytical capabilities for market participants. "The first half of 2025 presented a complex and dynamic landscape for the CLO market, highlighted by significant volatility, evolving policy shifts, and strategic global reallocations," said Hugh Minch, Managing Editor, CLO Insights at Octus. "Our in-depth analysis provides critical clarity amidst these challenges, and with the launch of the Octus CLO League Tables, we are excited to deliver an unprecedented level of insight into manager and arranger activity, empowering our clients to make even more informed decisions." Key Trends and Developments from H1 2025 Identified by Octus Data: Market volatility sparked by tariff announcements: The U.S. tariff announcement in April led to a sharp selloff in the leveraged loan market, with transportation, home furnishings, and automotive sectors experiencing the largest average loan price declines in the U.S. CLO liabilities widened sharply but retraced most of their losses following the tariff pause, with the volatility ultimately presenting buying opportunities as spreads reset at more attractive levels. Global reallocation and European momentum: U.S. investors are actively reallocating capital into European CLOs, particularly into equity and mezzanine tranches. This shift is driven by relative value, wider liability spreads, higher modeled equity returns, and perceived macro stability, all contributing to expectations of strong issuance volumes through early July. Divergence in fundamentals and pricing: Despite modest improvements in interest coverage ratios, CLO portfolio revenue growth declined to 4.74% in Q1 U.S. from 6% in Q4 2024, and net leverage slightly increased in the first quarter of 2025. This divergence highlights the increasing importance of manager quality and defensive positioning as idiosyncratic risk rises across sectors. Surging insurance demand amid regulatory uncertainty: Insurers significantly increased CLO allocations by $14 billion in the past year, with CLOs now comprising over 6% of life insurers' balance sheets. This strong demand, particularly for AAA and AA-rated tranches, is driven by capital efficiency and low duration risk. However, proposed NAIC changes could reshape CLO tranche allocations, potentially pushing investors higher up the capital stack. Octus Strengthens CLO Coverage with Global Team Expansion and New CLO Rankings: Octus has significantly expanded its global CLO team with dedicated coverage and support for the market, further solidifying its commitment to providing unparalleled credit intelligence. 'Consistent with the company's strategy to cover all segments of the global credit market, Octus' dedicated CLO coverage team is now global with eight editorial members based in London and New York. This further highlights the company's expertise in a very attractive segment of the credit market,' said Adelene Lee, Executive Editor, Global Credit Initiatives. This expansion underpins the launch of the company's comprehensive CLO League Tables below. These rankings provide granular insights into manager performance across both the U.S. and European markets, including: Top Global CLO Managers (U.S. and Europe): Blackstone ($58.88bn), Apollo [Redding Ridge] ($52.32bn), Carlyle ($48.64bn), Golub ($42bn), BlackRock ($40.71bn) Top CLO Arranging Banks (Global): Bank of America ($38.41bn), Citi ($26.72bn), BNP Paribas ($25.1bn), JPMorgan ($24.13bn), Morgan Stanley ($21.78bn) Top U.S. BSL CLO Managers: Blackstone ($39.17bn), Carlyle ($36.55bn), Apollo [Redding Ridge] ($31.59bn), UBS Asset Management ($30.33bn), CIFC Asset Management ($29.86bn) Top U.S. Private Credit CLO Managers: Golub ($29.16bn), Antares ($13.28bn), Apollo [Redding Ridge] ($7.76bn), AllianceBernstein ($7.67bn), BlackRock ($7.51bn) Top European CLO Managers: CVC (€13.46bn), Blackstone (€11.6bn), Apollo [Redding Ridge] (€11bn), KKR (€10.11bn), BlackRock (€9.93bn) Top U.S. BSL CLO Arranging Banks: Bank of America ($32.02bn), Citi ($18.99bn), JPMorgan ($14.93bn), Wells Fargo ($14.32bn), Morgan Stanley ($13.61bn) Top U.S. Private Credit CLO Arranging Banks: Wells Fargo ($5.97bn), BNP Paribas ($5.34bn), Societe Generale ($4.06bn), Deutsche Bank ($3.71bn), Natixis ($2.89bn) Top European CLO Arranging Banks: Jefferies (€7.67bn), BNP Paribas (€7.15bn), JPMorgan (€6.31bn), Bank of America (€5.14bn), Morgan Stanley (€4.94bn) Access the full CLO rankings report here. "The introduction of our CLO League Tables is a game-changer for the industry," added Darren Maharaj, Vice President of Data Strategy and Development. "By providing transparent, data-driven rankings, we are equipping investors with a powerful tool to assess manager quality and strategies, which is more critical than ever given the nuanced market conditions." Looking Forward to a Busy Q3 2025, Especially in the Insurance Sector: CLO managers anticipate a busy Q3, particularly in Europe, ahead of potential tariff reimplementation. Octus emphasizes that defensive credit selection, active portfolio management, and structural discipline will remain top priorities for navigating the evolving landscape. CLOs continue to be an essential component in insurance portfolios, offering attractive yield, capital efficiency, and structural protection. Octus will continue to deliver exclusive visibility into CLO fundamentals, track insurer allocation trends, and support clients through market analytics and portfolio health checks. To view the most recent example of Octus' ongoing, expert CLO coverage, access the company's latest report: Portfolio Analytics Wrap: Beyond Fundamentals – What's Really Driving CLO Pricing. About Octus Founded in 2013, Octus, formerly Reorg, is the essential credit intelligence and data provider for the world's leading buy-side firms, investment banks, law firms, and advisory firms. By surrounding unparalleled human expertise with proven technology, data, and AI tools, Octus unlocks powerful truths that fuel decisive action across financial markets. Visit to learn how we deliver rigorously verified intelligence at speed and create a complete picture for professionals across the entire credit lifecycle. Follow Octus on LinkedIn and X.
Bloomberg
16 minutes ago
- Bloomberg
European Carmakers Surge on Tariff Optimism After US-Japan Deal
European automakers' stocks rallied after the US-Japan trade deal sparked hopes that American import tariffs on their vehicles could be cut. Volvo Cars AB 's shares surged over 15% on Wednesday, the most on an intraday basis since February, while BMW AG, Mercedes-Benz Group AG, and Volkswagen AG also advanced after the US set automotive tariffs on Japanese imports at 15% — down from the 27.5% rate imposed by President Donald Trump since April.
Associated Press
26 minutes ago
- Associated Press
Permanent Residency Through Investment
SLV Estates explores why Cyprus is the strategic choice for lifestyle investors in 2025, ahead of its 15 July online workshop covering tax, residency, and real estate opportunities in Greek Cyprus. LIMASSOL, CYPRUS , July 23, 2025 -- SLV Estates has announced a live online workshop on 31 July 2025 exploring why Cyprus is becoming the strategic choice for lifestyle investors in 2025. Amid shifting global priorities, Cyprus offers a powerful combination of EU access, favourable tax structures, and a high quality of life that is attracting discerning investors seeking long-term security and liveability. From improved infrastructure and stable governance to sun-drenched coastal living, Cyprus is presenting itself as more than a property hotspot — it's a gateway to an integrated, lifestyle-driven future for investors. Areas to be covered include: Cyprus: Where Lifestyle Meets Strategy Lifestyle investors — a growing global demographic seeking more than financial return — are increasingly targeting Greek Cyprus for its unique position in the EU. Offering full European legal protections and direct access to markets, Cyprus is considered a safe harbour for individuals and families prioritising education, healthcare, and personal freedom alongside capital preservation. Despite broader economic uncertainty, Cyprus posted 2.3% year-on-year GDP growth in Q1 2025, reflecting resilience in its real estate, financial services, and professional sectors. Its consistent regulatory framework, modelled on English common law, continues to build international investor confidence. Favourable Tax Environment Cyprus's tax regime remains among the most competitive in Europe. Non-domiciled residents benefit from exemptions on dividends and interest income for up to 17 years, and there is no inheritance tax. Capital gains tax applies only to property within Cyprus, and other global income streams remain untaxed for qualifying residents. Corporate taxation remains at 12.5%, making the jurisdiction popular with entrepreneurs, tech founders, and private wealth offices. These tax benefits, combined with EU-level regulatory oversight, provide a compelling reason for relocation or second-base establishment. Permanent Residency Through Investment Permanent Residency Through Investment While the 'Golden Visa' programme has been suspended, Cyprus continues to offer permanent residency via the Regulation 6(2) scheme. This pathway requires an investment of at least €300,000 + VAT in new-build real estate, alongside evidence of a secure annual income earned abroad — at least €50,000 for the main applicant, with further amounts required per dependent. Key conditions include: · Clean criminal record and no Schengen visa rejections · Proof of annual income from non-Cypriot sources · Property purchase from a Cypriot developer Successful applicants can include spouses and dependent children (up to age 25 in full-time education), with applications typically processed within 2–3 months. While no longer branded as a fast-track or automatic visa, the system remains efficient and accessible for genuine lifestyle investors. Real Estate Growth and Investor Demand Cyprus's property market has continued its upward trend, with demand particularly strong in Limassol, Paphos, and Larnaca. Infrastructure improvements, international schools, and marina developments have made these cities hubs for investment and relocation. According to figures from the Cyprus Land Registry, foreign property transactions rose 18% in the first half of 2025, as buyers from the UK, Middle East, and Asia look for secure, lifestyle-aligned opportunities within the EU. Properties offering sea views, eco-credentials, and smart home technology are particularly in demand. SLV Estates, with a deep presence across Cyprus, will showcase the most current market data and location insights in its July workshop — tailored for both first-time buyers and strategic portfolio investors. Strong Infrastructure, Modern Services Digital infrastructure in Cyprus has improved significantly, with nationwide fibre rollouts, widespread 5G coverage, and the introduction of digital services for residency and company registration. These developments support a growing number of remote workers, start-up founders, and distributed global teams relocating to the island. Healthcare is another draw. Cyprus's General Healthcare System (GHS) ensures universal coverage, while private healthcare is of high quality, with many practitioners trained in the UK or Europe. For families, retirees, and globally mobile individuals, access to English-speaking medical professionals provides confidence and continuity. Mediterranean Lifestyle, Year-Round Appeal With more than 320 days of sunshine per year, Cyprus offers a quality of life that few other EU destinations can match. English is widely spoken in both professional and everyday settings, and the country's rich cultural heritage is complemented by modern conveniences and international communities. Direct flights from Larnaca and Paphos airports connect Cyprus with over 40 destinations, including London, Dubai, Frankfurt, and Tel Aviv, making it easily accessible for investors with cross-border business interests. 'Today's investors want more than just returns — they want a sense of security, quality of life, and a base that offers long-term value. Cyprus provides all of this within a transparent EU framework,' said Paul Hann, Head of International Sales at SLV Estates. 'We're looking forward to sharing actionable guidance in our July workshop for those ready to explore what Cyprus has to offer.' Free Online Workshop: 31 July 2025 SLV Estates will host a free Zoom workshop on 31st July 2025 at 6 PM BST, titled 'Why Cyprus'. The interactive session will feature legal, tax, and property experts providing practical guidance on: Attendees will also receive a free investor briefing pack, complete with market data, case studies, and a residency eligibility checklist. Register now at: A Forward-Looking Destination As investors re-evaluate priorities in a post-pandemic, climate-conscious world, Greek Cyprus is stepping forward with a model built on stability, accessibility, and value-based living. For those seeking a base that bridges personal freedom with professional opportunity, Cyprus is proving to be one of Europe's most compelling lifestyle destinations in 2025. About the company: SLV Estates is a leading property and relocation consultancy based in Cyprus and the UK, offering expert guidance to international investors looking to secure permanent residency, acquire real estate, or relocate to the island. With decades of experience and multilingual support, SLV Estates helps clients navigate every step of the investment journey. Contact Info: Name: Paul Hann Email: Send Email Organization: SLV Estates Address: The loft, 1 Mayors Avenue, Dartmouth, TQ6 9NF Phone: 01803 261111 Website: Release ID: 89165320 If there are any deficiencies, discrepancies, or concerns regarding the information presented in this press release, we kindly request that you promptly inform us by contacting [email protected] (it is important to note that this email is the authorized channel for such matters, sending multiple emails to multiple addresses does not necessarily help expedite your request). Our dedicated team is committed to addressing any identified issues within 8 hours to guarantee the delivery of accurate and reliable content to our esteemed readers.
