In this article, Georges WAUBERT introduces you to government debt. A government debt is a debt issued and guaranteed by a government. It is then owed in the form of bonds bought by investors (institutional investors, individual investors, other governments, etc.). According to the OECD: “Debt is calculated as the sum of the following liability categories (as … Read more
In this article, Georges WAUBERT provides you with examples of companies issuing bonds. In order to better understand corporate bonds, it is appropriate to look at recent issues to see their different characteristics: Veolia, Essilorluxottica and LVMH. Véolia: EUR 700 million 6-year bond issuance with negative interest rate The company Veolia is a French multinational utility company. … Read more
In this article, Georges WAUBERT introduces you to the job of credit analyst. Within an investment bank, several jobs are directly linked to bonds. Among them is that of credit analyst. What does a credit analyst do? What are the qualities required to be a credit analyst? The missions of a credit analyst Within a bank, the … Read more
In this article, Suyue MA (ESSEC Business School, Global Bachelor of Business Administration, 2017-2021) shares his experience as an intern at InvesTarget, an investment banking boutique in China focusing on capital raising and M&A. About myself I have been interested in finance ever since I started my study at ESSEC Business School in 2017. By … Read more
In this article, Georges WAUBERT introduces you to bond risks. Holding bonds exposes you to fluctuations in its price, both up and down. Nevertheless, bonds offer the guarantee of a coupon regularly paid during for a fixed period. Investing in bonds has long been considered one of the safest investments, especially if the securities are held … Read more
In this article, Georges WAUBERT introduces you to bond markets. The bond market allows the financing of medium and long-term needs of States, local authorities and companies. In return, it offers opportunities to invest medium and long-term financing capacities. In order to understand the bond market, it is necessary to distinguish two markets. The primary market, … Read more
This article written by Akshit GUPTA (ESSEC Business School, Grande Ecole Program – Master in Management, 2019-2022) presents the job description of a Quantitative Analyst. Introduction Quantitative analysts or “quants” are professionals that work on designing, implementing, and analyzing algorithms based on mathematical or statistical models to help firms in taking financial decisions. With the … Read more
Bourse Régionale des Valeurs Mobilières Dans cet article, Paul Antoine BOHOUN (ESSEC Business School, Master in Strategy & Management of International Business (SMIB), 2020-2021) présente la Bourse Régionale des Valeurs Mobilières(BRVM). La Bourse Régionale des Valeurs Mobilières (BRVM) est la place boursière principale dans les pays francophones d’Afrique Subsaharienne, elle n’est cependant que la 12e … Read more
2020: a year of all records The year 2020 has been the scene of the greatest economic downturn since the Great Depression and the fastest market collapse on record. From mid-February onwards, stock markets have plummeted. In one month, the Paris stock market fell by nearly 40% and the New York stock market by more … Read more
In this article, William LONGIN (EDHEC Business School, Global BBA, 2020-2024) elaborates on the concept of Present Value. What is present value? The present value (PV) of an asset is usually computed as the value of the stream of its future cash flows discounted at a given rate of return. In the calculation of the … Read more
This article written by Akshit Gupta (ESSEC Business School, Master in Management, 2019-2022) presents the strategy of Value Investing. Introduction Value investment strategy is an investment style where investors look for shares that are undervalued by the market. In the companies that are undervalued, the current share price of that company is less than its … Read more
This article written by Akshit GUPTA (ESSEC Business School, Grande Ecole Program – Master in Management, 2019-2022) presents the job description of a Portfolio manager. Introduction A portfolio manager is an employee responsible for developing, implementing, analyzing, and managing the asset portfolios of the clients (institutional or retail investors) of the asset management firm he/she is … Read more
This article written by Akshit GUPTA (ESSEC Business School, Grande Ecole Program – Master in Management, 2019-2022) presents the role and functioning of an Asset management firm. Introduction Asset Management is one of the lucrative fields of the financial industry over the world. As the name suggests, it is essentially handling and management of assets … Read more
In this article, Raphaël ROERO DE CORTANZE (ESSEC Business School, Master in Management, 2018-2022) shares his experience as a Corporate M&A Intern. My internship at Scor In 2020 as an intern, I had the opportunity to join the M&A Team of the French Reinsurer “SCOR” for 6 months. As this internship allowed me to develop … Read more
In this article, Tanmay DAGA (ESSEC Business School, Global Bachelor of Business Administration, 2017-2021) introduces equity research, shares his internship experience at a top sell-side equity research company named Kotak Securities and gives his opinions on what the future holds for the industry. About Kotak Securities Kotak Securities was founded in 1994 as a subsidiary … Read more
In this article, Georges WAUBERT introduces you to bonds. While the bond market is growing fast and is worth about $115,000 billion as of 2021, in the following series of articles we will try to understand what it is all about. It is therefore appropriate here, firstly, to try to define what a bond is. What … Read more
In this article, Bijal Gandhi (ESSEC Business School, Master in Management, 2019-2022) elaborates on the concept of economic indicators. This read will help you understand in detail the types of economic indicators, their impact on stock prices and their use by investors in the financial markets. Economic indicators Economic indicators are statistical data related to … Read more
This article written by Quentin Bonnefond (ESSEC Business School, Master in Strategy & Management of International Business (SMIB), 2020-2021) discusses the case of Palantir. Introduction Founded in 2003 by entrepreneur Peter Thiel, Palantir provides software and data analysis services to help government agencies (CIA, NSA, etc.) and large corporations (among which Merck, Fiat-Chrysler, Ferrari, Crédit … Read more
In this article, Qiuyi Xu (ESSEC Business School, Global Bachelor of Business Administration, 2019-2021) shares her experience as an intern in a securities company in China. Interested in finance, I took the SimTrade course during my study at ESSEC Business School. This course helped me gain knowledge about financial markets as well as served to … Read more
In this article, Youssef LOURAOUI (ESSEC Business School, Global Bachelor of Business Administration, 2016-2020) talks about his research conducted in the field of investing. As a way of introduction, ETFs have been captivating investors’ attention in the last 20 years since their creation. This financial innovation has shaped how investors place their capital. Definition An … Read more