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Investment Event - ECB trims purchases

The European Central Bank has announced “a moderately lower pace” of asset purchases under its Pandemic Emergency Purchase Programme
13 September 2021
    Download the full reportPDF, 570.37KB

    ECB trims purchases

    The European Central Bank has announced “a moderately lower pace” of asset purchases under its Pandemic Emergency Purchase Programme

    The move comes as the eurozone recovery progresses and amid more favourable financing conditions in the region

    We do not think this policy decision represents tapering, but rather a reversal of March’s uplift in purchases

    We believe the ECB policy is likely to remain relatively accommodative, supporting the bloc’s ongoing economic recovery and equity market performance

    Disclaimer

    Commissions, trailing commissions, management fees, investment management fees and expenses all may be associated with mutual fund investments. Please read the prospectus and Fund Facts before investing. Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other government deposit insurer or financial institution. The net asset values of all mutual funds, including the Funds, change frequently and any past performance may not be repeated. For money market funds, there can be no assurances that such funds will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Read more