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November 9, 2022

SFDR Article 6 and 8 funds see substantial outflows in Q3

While the upgrade of SFDR funds is still in full swing, light green funds did not escape this year's market violence. Article 6 and Article 8 funds saw a hefty outflow of assets. The greenest funds did manage to attract new assets. Article 8 funds saw net …
November 9, 2022
Asset Managers,Investing

Funds to escape Luxembourg tax avoidance rule ‘overkill’

Luxembourg’s government is proposing to simplify the corporate income tax process for investment funds which have overseas investors or subsidiaries by reducing their risk of being subjected to full Luxembourg anti-tax avoidance corporation tax. The …
November 8, 2022
Supervision,Laws and Regulations

AML: CSSF finds weaknesses amid ‘satisfactory’ understanding

Luxembourg financial regulator CSSF today announced that it had found “satisfactory” both market participants’ understanding of the risks of AML/CFT activities and the related mitigation measures that they had put into place, in a recent thematic review …
November 8, 2022
News,Wealth Managers

Fire breaks out in defensive profiles

Even clients with the most defensive risk profile stand to lose more than -12 per cent at Dutch asset managers this year. “Defensive clients have 2008 experience in their portfolios. And according to many, we are not even at the exit yet.” As of this …
November 7, 2022
News

Allianz GI: cybersecurity will continue to grow strongly

Companies cannot economise on cyber security: the dangers have become far too great today. Yet the entire sector fell on the stock market as much as the overall tech market. Erik Swords, manager of the Allianz Cyber Security fund since October 2021, …
November 7, 2022
Investing,Opinion

Graph of the week: Inverted yield curve? Don't panic

As might be expected, the US 10-year - 3-month yield curve has also turned negative. This inversion means that the two traditional yield curves with the longest and most reliable track record as recession predictors are now negative. By itself that's is …
November 7, 2022
Investing,Wealth Managers

‘Europe should not count on a traditional recovery’

Europe should not count on a traditional economic recovery. Due to second-round effects, inflation will widen further by 2023. And, ING chief economist Carsten Brzeski says, don't count on gas prices coming down either. Nay, on the contrary, the real …
November 4, 2022
Opinion

In Flux: It’s like we lost Taiwan, or Canada

The data leaves no doubt about it. This year is a tough one for investors everywhere. It’s very clear in the numbers reported this week, both for Europe and for Luxembourg, the domicile for about 10.000 Ucits funds, about one third of all such funds in …
November 4, 2022
Asset Managers,Products

Top 5 UK equity funds: Invesco leads amid record outflows

The British surprised financial markets on that infamous 23 June 2016 with their choice to leave the European Union. Since then, uncertainty for the UK has increased considerably, with problems and controversies accumulating on both the political and …
November 3, 2022
Investing

Luxempart posts gain from partial sale of Rimed stake

Luxempart, a private equity firm listed on the Luxembourg bourse, said on Thursday that it has generated a “significant” investment return by selling the bulk of its stake in Swiss diagnostic radiology firm Rimed to diagnostic services provider Unilabs. …