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Date
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August 8, 2022
Asset Managers,Asset Servicing

Apex sees Luxembourg as strategic hub

After Thursday’s announcement of Apex Group’s acquisition of Sanne Group plc enabled the firm to position itself as a global, top-tier independence service provider, servicing nearly 3 trillion US dollars in assets, Investment Officer Luxembourg asked …
August 5, 2022
Asset Managers

Top 5: where did investors go after huge H1 outflows?

Concerns about rising inflation, monetary tightening, supply chain problems, Russia's invasion of Ukraine and strict Covid measures curbing the Chinese economy dominated investor sentiment in the first half of 2022. The speed and intensity of the sell-off …
August 4, 2022
Asset Managers,Asset Servicing

Apex's Sanne acquisition affects 250 Luxembourg staff

Global financial services provider Apex Group Ltd announced on Thursday the close of its acquisition of Sanne Group plc, a leading global provider of alternative asset and corporate services. Both firms have been part of the Luxembourg financial …
August 4, 2022
Asset Managers

The pitfall of inflation forecasting

Three things come into play when forecasting future inflation. First of all, the difference between supply and demand. At macro-economic level, an estimate is often made of the output gap, or the tightness of the labour market. In addition, the current …
August 3, 2022
Asset Managers

Auditor says former Freeport has questionable future

The 55 million euro high security, high value storage facility formerly known as the Luxembourg Freeport – now known officially as the High Security Hub (HSH) – was back in the headlines recently as auditor BDO Audit drew attention to what it termed …
August 2, 2022

MiFID II client sustainability preference rule comes into effect

From 2 August 2022, a European Commission regulation comes into force (Commission Delegated Regulation 2021/1253 of 12 April 2021) as part of MiFiD II that requires providers of investment advisory and discretionary portfolio management services to …
August 2, 2022
Asset Allocation,Investing

Ethenea’s Siviero sees Swiss franc, yen as safe havens

With a recession looming in Europe, investors again are on the lookout for suitable safe havens. Ethenea’s investment strategist Andrea Siviero, who manages the firm’s 60-million-euro Hesper Fund - Global Solutions together with Federico Frischknecht, …
August 1, 2022
Opinion

Chart of the week: Rough and tumbling business confidence

And then things moved fast. Business confidence fell to worrying levels in July, making a recession, especially in Europe, seem inevitable. The S&P Global Flash Composite (Manufacturing + Services) PMI for Germany fell to 48.0. Well below the “magic” …
July 29, 2022
Asset Managers

‘Green shorting’ emerges as new phenomenon in State Street study

A recent study conducted by Boston-based State Street has found evidence of “green shorting”,  a phenomenon in financial markets where investors borrow shares of companies with a weak sustainability profile and sell them in the hope they can buy them back …
July 29, 2022
Products

Top 5 Global High Yield bond funds: UBS in the lead

The risk of recession and persistent inflation resulted in a correction of almost all risky assets. Also high yield bonds ended the first half of the year with heavy losses. An update: Interest rate hikes in developed markets caused most bond categories …