INVESTORS STAY IN THE ECM HUNT: Introduction

摘要

Markets jolted in June 2013 when US Federal Reserve chairman Ben Bernanke set out plans to taper quantitative easing from late 2013 onward. In the previous few years, any signs of a sustained revival in equity capital markets (ECM) at the start of the year were snuffed out by shocks - mostly eurozone related - by mid-year. But this time around, markets proved more resilient. The initial public offering (IPO) of German real estate company Deutsche Annington, postponed after Mr Bernanke's comments, went ahead just weeks later, raising more than €600m. Investors have responded positively to further guidance from the Fed, making it clear that any interest rate hikes will follow only a long distance behind the tapering process.