{"id":163228,"date":"2018-08-10T10:07:05","date_gmt":"2018-08-10T10:07:05","guid":{"rendered":"https:\/\/bm.dev.synology.me\/?p=163228"},"modified":"2018-08-10T10:07:05","modified_gmt":"2018-08-10T10:07:05","slug":"de-ce-apeleaza-bisericile-la-bancile-din-germania-si-cum-isi-gestioneaza-activele-de-sute-de-miliarde-de-euro-prin-fonduri-de-investitii","status":"publish","type":"post","link":"https:\/\/bm.dev.synology.me\/?p=163228","title":{"rendered":"De ce apeleaz\u0103 bisericile la b\u0103ncile din germania \u015fi cum \u00ee\u015fi gestioneaz\u0103 activele de sute de miliarde de euro prin fonduri de investi\u0163ii"},"content":{"rendered":"<p>\nB\u0103ncile germane sunt asaltate din ce \u00een ce mai mult de un nou grup de clien\u0163i: bisericile.<\/p>\n<p>\nAcestea au \u00eenceput s\u0103 caute ajutor profesional pentru a-\u015fi gestiona activele. Pe de o parte, dob\u00e2nzile sc\u0103zute amenin\u0163\u0103 randamentele investi\u0163iilor tradi\u0163ionale. Pe de alt\u0103 parte, transparen\u0163a financiar\u0103 sporit\u0103 a atras aten\u0163ia asupra unor e\u015fecuri investi\u0163ionale din trecut, potrivit Bloomberg.<\/p>\n<p>\nEstim\u0103rile arat\u0103 c\u0103 averile bisericilor din Germania se ridic\u0103 la c\u00e2teva sute de miliarde de euro.<\/p>\n<p>\n\u201eBisericile au devenit din ce \u00een ce mai profesioniste \u00een investi\u0163iile lor din ultimii ani \u015fi caut\u0103 managerii de active cu experien\u0163\u0103 ca \u015fi noi\u201d, spune Martina Erlwein, care se ocup\u0103 de segmentul investitorilor biserice\u015fti \u00een cadrul creditorului Joh Berenberg Gossler &#038; Company din Germania.<\/p>\n<p>\nDaniel Kerbach, CIO \u00een cadrul Merck Finck Privatbankiers \u00een Munchen, a f\u0103cut o serie de observa\u0163ii similare: \u201eBisericile sunt unii dintre cei mai mari participan\u0163i la pia\u0163\u0103 \u015fi apeleaz\u0103 din ce \u00een ce mai mult la fonduri de investi\u0163ii\u201d.<\/p>\n<p>\n\u00cen special \u00een contextul dob\u00e2nzilor sc\u0103ute, un \u201esistem conven\u0163ional de investi\u0163ii nu mai poate ob\u0163ine randamente suficiente\u201d, spune Philip Schaetzle, \u015fef \u00een divizia de investi\u0163ii de la Metzler Asset Management \u00een Frankfurt. Fenomenul rezult\u0103 \u00eentr-o diversificare mai ampl\u0103, pentru care bisericile caut\u0103 ajutor, adaug\u0103 el.<\/p>\n<p>\n\u00cen acela\u015fi timp, mai multe biserici \u00eencearc\u0103 s\u0103 \u00ee\u015fi transparetizeze finan\u0163ele \u015fi s\u0103 publice rapoarte detaliate pentru prima dat\u0103.<\/p>\n<p>\n\u00cen acest proces, bisericile au \u00eent\u00e2mpinat \u015fi dificult\u0103\u0163i. Unul dintre exemple este al episcopiei din Eichstaett care crede c\u0103 investi\u0163iile riscante \u00een imobiliare au adus pierderi de milioane de euro bisericii.<\/p>\n<p>\n&nbsp;<\/p>\n<p>\n&nbsp;<\/p>\n<p>\n&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>B\u0103ncile germane sunt asaltate din ce \u00een ce mai mult de un nou grup de clien\u0163i: bisericile. Acestea au \u00eenceput s\u0103 caute ajutor profesional pentru a-\u015fi gestiona activele. Pe de o parte, dob\u00e2nzile sc\u0103zute amenin\u0163\u0103 randamentele investi\u0163iilor tradi\u0163ionale. Pe de alt\u0103 parte, transparen\u0163a financiar\u0103 sporit\u0103 a atras aten\u0163ia asupra unor e\u015fecuri investi\u0163ionale din trecut, potrivit [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[9323,7267,16903],"class_list":["post-163228","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-active","tag-banci","tag-biserica"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/163228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=163228"}],"version-history":[{"count":0,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/163228\/revisions"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=163228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=163228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=163228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}