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Date
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March 10, 2023
News

Biggest US bank bust since 2008 exposes interest risks

Has the sudden collapse of Silicon Valley Bank ignited fears of a new financial crisis? Or is its demise incidental, offering investors an excuse to take profits on attractive gains that bank sector stocks booked in recent months? As European financial …
March 10, 2023

EY Luxembourg committed to demerger as vote is delayed

A decision by consultancy EY to split its business into separate entities for audit services and management consultancy has been pushed back to later this year because of the “complexity” of Project Everest, as the plan is internally known. EY Luxembourg …
March 10, 2023
Asset Managers

Maxime Carmignac wants no fights over gender diversity

The lack of transparency in sustainability legislation and poor corporate disclosure does not mean that we should not strive for sustainable investing and for more inclusion and gender equality in the asset management industry, argues Maxime Carmignac, …
March 10, 2023
Asset Managers,News

Luxembourg jobs at risk as Nordea, M&G plan layoffs

Referring to “significant mid-term uncertainty and volatility”, Nordea Asset Management on Thursday said it intends to reduce its 242-people strong workforce in Luxembourg as part of a wider plan that involves redundancies in Denmark and Sweden along with …
March 10, 2023
Asset Managers

Top 5 Southeast Asia stocks: No. 1 shuns Vietnam

Despite the veritable stock market crash in Vietnam last year, Southeast Asian equities kept their heads above water. This was mainly due to the positive performance of Thai and Indonesian stocks. For future performance, eyes are on the direction of the …
March 9, 2023
Asset Allocation,Investing

‘Equities are a lost cause. Don’t trust this rally.’

While interest rates in the bond market are rising uninhibitedly, the stock market may be in a dead-cat bounce, or a "sucker-rally". Some market specialists do not trust the rally and declare equities "a lost cause". In terms of allocations, the …
March 9, 2023
Asset Managers,Sector,Laws and Regulations

Alfi anniversary sets scene for review of Luxembourg success

The Association of the Luxembourg Fund Industry, the grand duchy’s leading fund and asset management association known as Alfi, turns 35 this year. It’s a milestone to be marked at its upcoming European Asset Management conference on Tuesday 21 and …
March 8, 2023
Asset Managers,News

Robeco takes Morningstar awards for best asset manager

Asset manager Robeco on Wednesday won the award for best asset manager in Morningstar’s Luxembourg Awards for Investing Excellence in 2023. The firm also won the new award as best asset manager in sustainable investing. Dutch-based Robeco, with assets …
March 8, 2023
News

Morningstar awards for M&G, Schroders, Candriam, Cartesio

Funds managed by M&G, Schroders, Candriam and Cartesio on Wednesday emerged as four respective category winners in the Morningstar Awards for Investing Excellence 2023 in Luxembourg. At a ceremony in Luxembourg, the awards were handed out to mutual funds …
March 8, 2023
Sector

Luxembourg Women in Finance Charter launched

A total of 69 signatories representing the Luxembourg financial sector on Wednesday marked International Women’s Day 2023 by signing the newly launched Luxembourg Women in Finance Charter, seeking to improve gender diversity in the grand duchy’s financial …