FIDES Holdings

**FIDES Holdings Reports Strong Performance for the First Semester of 2024** FIDES Holdings (FHs), the investment unit of VIS Capital, is pleased to announce a successful performance for the first semester of 2024, reflecting robust growth and significant progress across key operational and strategic initiatives. **Highlights:** - Revenue Growth: FIDES Holdings experienced substantial revenue growth, driven by strong demand for its diversified investment strategies and advisory services. - Profitability: The company achieved improved profitability, underscoring its effective cost management strategies and operational efficiencies. - Innovations: Several new investment strategies and advisory services were launched, enhancing the company’s portfolio and meeting the evolving needs of its clients. - Market Expansion: Expansion into new markets has broadened FIDES Holdings' global footprint, positioning the company for continued growth and increased market share. - Sustainability Initiatives: The company made notable advancements in its sustainability goals, furthering its commitment to ethical and responsible investing practices, an ethos strongly shared with VIS Capital. Vittorio Savoia, CEO of FIDES Holdings, commented on the results: “We are thrilled with our performance in the first semester of 2024. These accomplishments showcase our commitment to innovation, strategic focus, and the relentless efforts of our talented team. Our initiatives to enhance client satisfaction and drive sustainable growth are clearly paying off. The support and vision of VIS Capital have been instrumental in our success.” **Looking Ahead:** FIDES Holdings remains optimistic about its future prospects. The company plans to continue investing in innovation, exploring new opportunities for growth, and maintaining its commitment to operational excellence and client satisfaction. “We are confident in our ability to sustain this positive momentum,” added Vittorio Savoia. “Our strong foundation, built on VIS Capital’s century-long expertise, and our strategic vision position us well for continued growth and value creation for our stakeholders.” #FIDESHoldings #CreateManagePreserve #VISCapital #Profitability #Innovation #MarketExpansion #Sustainability #FinancialPerformance #GrowthStrategy #FinancialResults #GlobalFootprint

FIDES Holdings, the Strategic Investment Unit of VIS Capital, Announces Major Partnership Expansion into the Middle East. FIDES Holdings, a key component of VIS Capital since its inception 15 years ago, proudly announces a major new strategic partnership aimed at expanding its market presence in the Middle East. This alliance, one of the largest since the company’s founding, follows extensive planning and negotiation. This partnership involves collaborations with key regional players to boost economic activities across strategic sectors. This move aligns with FIDES Holdings' mission to drive innovation and sustainable development globally. "This partnership not only signifies growth but also aligns with our commitment to making a positive impact in the markets we enter," said Vittorio Savoia, Managing Director of FIDES Holdings. "Our presence in the Middle East through this collaboration will create new opportunities and benefits for all parties involved." The partnership is perfectly aligned with FIDES Holdings' strategy to diversify its investments and enhance its global footprint, promising substantial economic, employment, and technological advancements in the region. "We extend our deepest thanks to the entire team at FIDES Holdings and our partners whose dedication and hard work have made this significant achievement a reality. Their relentless commitment to excellence drives our continued success and growth." FIDES Holdings | VIS Capital #CreateManagePreserve #MiddleEastExpansion #StrategicPartnership

Jinal Shah, the team is truly pleased to welcome you aboard. Your skills and experience are great assets, and everyone looks forward to achieving our goals together. VIS Capital | FIDES Holdings #CreateManagePreserve #ALCY

Understanding the Dynamics of Press Coverage and Non-Disclosure in LOIs for SPAC Reverse Mergers.   In the realm of mergers and acquisitions, the interplay between SPACs and press coverage can significantly influence market dynamics. However, what happens when a SPAC opts not to disclose an LOI through a press release? Let's explore the implications alongside the pros and cons of press coverage in such scenarios.   Pros: 1. Amplified Visibility Publicizing the LOI through a press release can substantially increase visibility, attracting attention from investors, stakeholders, and the broader business community. 2. Credibility Boost Media coverage lends credibility to the merger, signalling to investors that the transaction is backed by thorough analysis and due diligence. 3. Perception Management Strategic press engagement allows merging entities to shape the narrative surrounding the deal, influencing market sentiment and investor perceptions positively. 4. Transparent Communication Public disclosure facilitates transparent communication, ensuring that stakeholders have access to essential information about the merger.   Cons: 1. Speculative Reporting Press coverage often leads to speculation and conjecture, potentially distorting the true nature of the merger and causing confusion among investors. 2. Market Volatility Intense media scrutiny can exacerbate market volatility as investors react impulsively to sensationalized headlines. 3. Regulatory Scrutiny Heightened press coverage may attract regulatory scrutiny, potentially prolonging the regulatory approval process and complicating the deal timeline. 4. Competitive Awareness Premature disclosure may inadvertently give competitors strategic insights, prompting them to adjust their strategies or intensify competitive efforts.   Clarification: In certain strategic scenarios, a SPAC may opt to maintain confidentiality regarding an LOI. This decision, often rooted in considerations such as confidentiality agreements, regulatory nuances, or strategic imperatives, underscores the SPAC's commitment to meticulously managing the merger process. While non-disclosure may limit public visibility, it can signify a focused approach to negotiations and an earnest dedication to delivering value to stakeholders. Investors can interpret such discretion as a sign of prudence and strategic acumen, instilling confidence in the SPAC's leadership and ability to adeptly navigate complex transactions.   Conclusion: The decision to disclose or withhold an LOI through a press release involves careful consideration of various factors. While press coverage can enhance visibility and credibility, non-disclosure raises questions about transparency and investor communication. Ultimately, transparency and clear communication remain crucial in navigating the intricacies of press coverage and non-disclosure in the context of SPAC reverse mergers.   #FIDESHoldings #CreateManagePreserve #SPAC #PressCoverage #Transparency

Visualized: Past Interest Rate Cut Cycles and 2024 Forecasts. A key question mark for the U.S. and global economy is around when the Federal Reserve will cut interest rates in 2024 and by how much. After a rapid set of rate hikes throughout 2022, the U.S. Federal Reserve now faces the challenge of timing its monetary policy easing to ensure a soft landing for the economy. This visualization from our 2024 Global Forecast Series uses data from the Federal Reserve to chart past interest rate cut cycles and visualizes forecasts by top banks and institutions on when they expect the first rate cut of 2024 and the number of cuts they expect by the end of the year. #FIDESHoldings #CreateManagePreserve #InterestRates

The Influence of Family-Owned Businesses, by Share of GDP. In many ways, the engine of global economic growth is hidden in plain sight. Family-owned businesses, which make up 90% of global enterprises, have driven job creation and entrepreneurship over history. While most of these are mom-and-pop shops, some of the world’s largest companies, from Walmart to Ford, are family-run. This graphic shows the economic influence of family businesses in select countries. #FIDESHoldings #CreateManagePreserve #FamilyBusiness

Mapped: The World’s Top 50 Science and Technology Hubs. In 2023, the world experienced another wave of science and technology (S&T) innovation, from introducing the first over-the-counter birth control pill in the U.S. to the stunning growth of ChatGPT and artificial intelligence. This map explores the world’s top 50 science and technology hubs leading these innovations based on the Global Innovation Index 2023 data. Hubs were ranked by their combined share of international patent applications and scientific publications. #FIDESHoldings #CreateManagePreserve #ScienceTechnology

A Mixed Growth Outlook Economists anticipate that growth in developed markets will generally remain soft while emerging markets present a varied picture. The perspective on growth across regions indicates the following: - The United States is projected to experience a growth slowdown to 1.9% in 2024 and 1.4% in 2025, down from an estimated 2.4% in 2023. This is attributed to higher interest rates and a tighter monetary policy impacting the financial system. Key factors include a significant slowdown in U.S. consumer spending due to a cooling labour market affecting real disposable income and increased rates adding pressure to debt service costs. On a positive note, business investment is expected to turn around and become positive in the second half of 2024 after two years of decline. - The Euro Area is expected to achieve a modest gain of 0.5% in 2024, reflecting the lingering effects of energy supply shocks, particularly in Germany. Growth is projected to accelerate to 1% in 2025, driven by declines in inflation and a resilient job market, potentially lifting inflation-adjusted incomes and consumer spending. - The United Kingdom may face a near-term drag due to healthcare and transport strikes, possibly leading to a technical recession at the beginning of 2024. However, a 0.5% gain by the end of the year is anticipated, with a further pickup to 1% growth in 2025. - Emerging markets present a mixed scenario, with expansion in India, Indonesia, and the Philippines counterbalanced by tepid growth in China. Disappointing post-COVID reopening recovery and growth expectations in China contribute to a bumpy path back to stable growth. However, there is an expectation that governments will respond with stimulating policies. - For Japan, significant nominal growth (5.4% in 2023) is expected, marking an escape from the economy's lost decades. However, wage growth and strong domestic inflation will likely keep nominal GDP growth at 3.6% in 2024. Real GDP growth, factoring in inflation, is anticipated to be 1% in 2024 and 1.1% in 2025. - In Central Europe, the Middle East, and Africa, Poland is expected to initiate recovery with 3.4% growth in 2024, up from 0.7% this year. Growth is set to pick up in Hungary and the Czech Republic, while Turkey is expected to experience a slowdown. In Israel, the impact of the Gaza conflict should be contained in the fourth quarter of 2023, followed by a swift recovery in the first three months of 2024. - In Latin America, muted growth is forecasted for Brazil, with real GDP growth of 1.7% in 2024 and 1.6% in 2025, down from an estimated 3.1% in 2023. Mexico is expected to grow 2.3% in 2024 and 2.2% in 2025, down from an estimated 3.4% in 2023, supported by strong labour markets, remittances, and near-shoring. Chile's economy is predicted to rebound, Colombia may experience a slowdown, and the recession in Argentina is likely to deepen. #FIDESHoldings #CreateManagePreserve #EconomicOutlook #GlobalGrowth

Some of the key views for 2024 include... - Overweight core fixed income, including government debt, agency mortgage-backed debt and investment-grade debt. It is likely to be a good year for income investing as high-quality debt continues to provide attractive yields, especially when compared against the risk/reward trade-offs of other assets. - Overweight Japanese stocks. Japanese policymakers have been an outlier among central banks, keeping interest rates low to boost growth.  - Equal weight U.S. equities. For the past two years, the outlook was gloomier for stocks in the U.S. than anywhere else in the world. However, 2024 is shaping up to be different as U.S. equities should notch better outcomes than European or emerging market equities, particularly as central bankers globally aim for target rates. Within the U.S., healthcare is forecast to outperform. - Underweight emerging-market equities, except Mexico and India. China’s lacklustre growth will broadly weigh on emerging markets, and there is an added risk that its economy will get caught in a debt-deflation tailspin. By contrast, Mexico is likely to benefit from the post-pandemic near-shoring trend, while India is forecast to see superior growth in earnings per share compared with broader emerging markets. - Underweight commodities. Oil is forecast to trade at relatively flat prices in 2024, and geopolitics remains a concern, while gold appears overvalued. Copper, which could outperform because of stronger-than-expected demand from China, may be an exception. #FIDESHoldings #CreateManagePreserve #InvestmentOutlook #FixedIncome #IncomeInvesting #JapaneseStocks #USEquities #HealthcareInvesting #EmergingMarkets #MexicoInvesting #IndiaGrowth #CommoditiesForecast

Markets have already baked into asset prices the idea that central banks will nail a smooth transition to reduced inflation levels - meaning there’s a limited runway for increased valuations. But 2024 should be a good year for income investing. Central banks must correct the balance between tightening just enough and easing quickly enough. For investors, 2024 should be all about threading the needle and looking for small market openings that can generate positive returns. #FIDESHoldings #CreateManagePreserve #MarketOutlook #IncomeInvesting #CentralBanks #InflationTransition #InvestmentStrategy #2024Forecast