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Date
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August 7, 2023

Luxembourg feels confident on EU challenge over Atad 1

Luxembourg’s financial sector has found itself in the crosshairs of the European Commission’s tax policy. The Grand Duchy has been grappling with three successive anti-tax avoidance directives, known as Atad 1, 2 and 3, each introducing more stringent …
August 7, 2023
Investing

iShares dominates fund inflows in first half

A turbulent first half of the year has had a clear impact on fund flows, with renewed investor interest in bond funds, increased focus on emerging markets, and continued growth of passive strategies defining the landscape for the first six months of 2023. …
August 4, 2023
Asset Managers,Wealth Managers

CA’s Indosuez agrees to take control of Degroof Petercam

Indosuez, the wealth management arm of French bank Credit Agricole, has agreed to acquire a majority stake in Degroof Petercam from six Belgian families that wanted to sell their shares in Belgium's largest private bank. The transaction will create a …
August 4, 2023
Laws and Regulations

SFDR Article 6: Dumping ground for non-sustainable investments?

The Sustainable Finance Disclosure Regulation (SFDR) framework's Article 6 has often been perceived as a dumping ground for non-sustainable investments. However, experts question whether this perception is accurate. Some argue that an Article 6 fund can …
August 3, 2023
Asset Managers

Asset managers turn their back on ESG

Asset managers worldwide have made little notable progress in achieving their sustainability goals since 2021. Particularly in the United States, parties are becoming less inclined to persuade companies in their portfolios to move away from fossil fuels. …
August 3, 2023
Transfers

Transfers: Gen II, Crestbridge, Pinsent Masons, Axa, others

This week’s overview of people transfers and appointments in the fund and asset management industry includes new moves at Axa Investment Managers, Apex Group, Ocorian, Pinsent Masons, Columbia Threadneedle, Gen II Fund Services, Crestbridge, Baker …
August 3, 2023
Sector

Market gains offset outflows for Luxembourg funds

A positive performance in global financial markets stemmed net capital outflows in Luxembourg during the month of June, leaving the grand duchy’s investment funds with a net positive balance of 35.191 billion euro at the end of the month, according to …
August 3, 2023
Laws and Regulations

Call for mandatory sustainability reporting standards ignored

The European Commission this week disappointed sustainable investment organisations by ignoring their collective call for mandatory reporting requirements that would force companies to make public core indicators for their non-financial sustainability …
August 2, 2023
Laws and Regulations

LSFI helps investment pros navigate EU’s green maze

The Luxembourg Sustainable Finance Initiative (LSFI) on Wednesday launched a new toolkit to support financial professionals in navigating the complex maze of the European Union’s sustainable finance regulation. The toolkit, which can be accessed by the …
August 2, 2023
Sector,Opinion

Redoing everything from A to Z

It was June 2014, and I was flying back from Lisbon for an exciting interview at J.P. Morgan Bank Luxembourg. Landing this job would validate that getting a master’s degree was worth it. I was thrilled about being part of our fund industry. There could be …