reports
- Pedro Fonseca
Axiom European Financial Debt Fund - Termination of coverage
Edison Investment Research is terminating coverage on Vivesto (VIVE), Diurnal Group (DNL), Palace Capital (PCA), Primary Health Properties (PHP), Silver One Resources (SVE), Induction Healthcare (INHC) and Axiom European Financial Debt (AXI). Please note you should no longer rely on any previous research or estimates for this company. All forecasts should now be considered redundant. Previously published reports can still be accessed via our website.
- Pedro Fonseca
Axiom European Financial Debt Fund - Bank resilience provides premium ...
Axiom European Financial Debt Fund (AXI) is a closed-end fund that invests in European financials regulatory capital. If a bank’s operations and equity position are robust enough to withstand shock asset losses, these instruments can be a way to earn a premium return. Affected by volatile financial markets, AXI posted a negative 8.7% total return over 12 months, outperforming the ICE BofA euro financial and European high- yield indices. The fund has not had any defaults or forced loan to equity ...
- Pedro Fonseca
Axiom European Financial Debt Fund - Expected to remain resilient
Axiom European Financial Debt Fund (AXI) is a closed-end fund that invests in European financials regulatory capital. If a bank’s operations and equity position are robust enough to withstand shock asset losses, these instruments can provide a way to earn a premium return. Despite volatile and declining markets, AXI had a total return of 6% in the last 12 months, outperforming the ICE BofA euro financial and European high yield indices. The deteriorating macroeconomic outlook means higher loan i...
- Pedro Fonseca
Axiom European Financial Debt Fund - Resilience and regulatory changes...
Axiom European Financial Debt Fund (AXI) has made a 21% total return over the last 12 months, well above the average of its debt investing closed-end funds peers. AXI’s investment space, European financials regulatory capital debt, has remained buoyant. Bank capital equity ratios remain high, NPLs are falling, balance sheet liquidity is comfortable and profitability is growing (eurozone banks’ average ROE was 7.2% in Q121). Rising interest rates (if not excessive) should be good news for banks’ ...
- Pedro Fonseca
Axiom European Financial Debt Fund - Resilience and regulatory changes...
Axiom European Financial Debt Fund (AXI) has made a 21% total return over the last 12 months, well above the average of its debt investing closed-end funds peers. AXI’s investment space, European financials regulatory capital debt, has remained buoyant. Bank capital equity ratios remain high, NPLs are falling, balance sheet liquidity is comfortable and profitability is growing (eurozone banks’ average ROE was 7.2% in Q121). Rising interest rates (if not excessive) should be good news for banks’ ...
Axiom European Financial Debt Fund (AXI): Initiation - Capital opportu...
Edison Investment Research Limited Axiom European Financial Debt Fund (AXI): Initiation - Capital opportunities 14-Apr-2021 / 08:08 GMT/BST London, UK, 14 April 2021 Axiom European Financial Debt Fund (AXI): Initiation - Capital opportunities Axiom European Financial Debt Fund (AXI) is a closed-end fund that invests in European financials regulatory capital. If a bank's operations and equity position are robust enough to withstand shock asset losses, these instruments can be to a way to earn a premium return. Axiom also seeks opportunities from regulatory changes that lead b...
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