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Date
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September 20, 2022
Sector,Laws and Regulations

CSSF drafting EU best practice for handling NAV errors 

Financial regulators across Europe are keeping a close eye on their Luxembourg counterpart CSSF, which is reviewing its rules that tell investment firms how to handle errors in calculations of Net Asset Values, or NAVs. “I think that we may consider the …
September 20, 2022
Asset Managers,Investing

Amundi sees opportunity if Italy spread hits 300 bp 

Top ma rket experts at Europe’s biggest fund manager, Amundi, do not believe that the upcoming elections in Italy will trigger much volatility in Italian bond markets, although a spike could present a buying opportunity. Italy’s parliamentary elections …
September 19, 2022
Asset Managers,Laws and Regulations

Fuchs pressed into action on compliance, IT problems

Following 1.55 million euro in regulatory fines, Luxembourg investment firm Fuchs & Associés Finance SA is stepping up efforts to address internal compliance problems, adding additional directors and compliance staff to bring its governance back in line …
September 19, 2022
Opinion

Chart of the Week: Housing as the next domino

Activity in the US housing market is rapidly declining. New home sales fell more than 12 per cent in July, the biggest drop since February last year. It was also the sixth decline in seven months. Compared to the peak, 51 per cent fewer new homes were …
September 16, 2022
Sector

Best of the week: Buying a Rome hotel with a Raif

This week on Investment Officer Luxembourg again demonstrated that the Grand Duchy can be a source of financial stories of a surprising nature. Bill Gates’ new hotel is being financed with an alternative investment fund registered in Luxembourg. The …
September 16, 2022
Asset Managers,Laws and Regulations

Merit Capital is subject to criminal probe, linked to H2O

Belgian police authorities have launched a criminal investigation in Antwerp-based stockbroker Merit Capital, a Belgian press report said on Thursday. The probe is linked to its transactions with H2O Asset Management. Merit Capital’s future is up in the …
September 16, 2022
Asset Allocation

Morningstar's Top 5: Fidelity leads defensive mix funds

It has been a challenging period so far for both equities and bonds in 2022. The era of loose monetary policy is over as inflation races around the world, leaving policymakers with no choice but to raise interest rates and scale back bond buying …
September 15, 2022
Laws and Regulations

CSSF finds AML compliance shortcomings at Maitland 

Luxembourg’s financial regulator CSSF has found shortcomings in the application of measures to fight money laundering and terrorism finance at fund services provider Maitland Luxembourg SA and issued a fine of 266,000 euro.  The shortcomings were …
September 15, 2022
Laws and Regulations

Triodos IM: EU taxonomy puts ESG funds at disadvantage

The European Union, under its taxonomy, requires SRI funds to declare what part of their portfolio is green by 1 January 2023, but there is still much work to be done to address the pitfalls in the EU's sustainable finance framework, Triodos Investment …
September 15, 2022
Asset Allocation

Amundi says it’s time to love bonds again

Europe’s biggest fund manager, Amundi, is telling investors that it is time to get back into the bond market. And it believes that reports of the death of the 60-40 portfolio are greatly exaggerated. That theory merely has spent time in the freezer, said …