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March 9, 2022

Big Four consultancy firms sever ties with Russia

The four leading international consultancy firms, known as the Big Four, have joined a growing list of companies that this week decided to cut their ties with operations in Russia because of the invasion of Ukraine. PWC, KPMG, Deloitte and Ernst & Young …
March 9, 2022
Asset Managers,News,Asset Servicing

CSSF orders funds to report large redemptions

For a second time in two years, managers of investment funds in Luxembourg have been ordered to report significant redemptions as the Grand Duchy’s financial supervisor stepped up its monitoring of the impact from the war in Ukraine and the international …
March 9, 2022
Asset Allocation

Gold takes up its role as safe-haven

Gold is playing its traditional role in the flight to safety and rose above 2000 dollars per troy ounce this week. There was disappointment last year when the gold price reacted poorly to sharply rising inflation, but Ukraine has pushed up the price. Gold …
March 8, 2022
Asset Managers,Private Banks,Institutional,Wealth Managers,Asset Servicing

​​​​​​​EU’s costly financial safety net inspires confidence

Bankers and financial services professionals often baulk at the tens of billions of euros the industry pays for tighter financial supervision, compliance and the EU’s comprehensive new framework for financial stability. Now that markets are in turmoil …
March 7, 2022
Asset Servicing

China’s Starlight picks Apex for fund services

Starlight Capital, a China-based venture capital group founded in 2021, has picked Apex Group to provide it with fund administration and corporate services, the companies announced on Monday. Apex, active in the Luxembourg fund services ecosystem also …
March 7, 2022
Asset Managers

Cathie Wood’s faith in innovation remains strong

While the plunge in the Ark Innovation ETF, a once-popular technology fund with about 50 billion dollars in assets, has made some investors question the fund’s strategy, Ark’s long-revered manager Cathie Wood made clear on Monday that she has not lost her …
March 7, 2022

Markets fall again as oil surges, ECB faces complex dilemma

Financial markets started another volatile week on Monday, extending their declines after leading stock market indices fell sharply on Friday amid worries about the ripple-effects of Russia’s war against Ukraine. Oil prices surged further on Monday, with …
March 4, 2022

Top 5 - LuxX in the lead

Almost every European country has its own national stock index. Indices like the AEX, the BEL20 and in Luxembourg, the LuxX index, are all recognised national benchmarks in their country. Well-known among private investors, but less useful for …
March 4, 2022
Laws and Regulations,Wealth Managers

Luxembourg reluctant to move on Russian oligarchs

Luxembourg has joined the international move to impose sanctions against Russia for its ruthless invasion of Ukraine. It has followed steps taken by other European and global countries and organisations, including condemning Russia’s aggression, even …
March 3, 2022
Asset Allocation

Nagelmackers sees UK, China, Brazil as macro hedge

A global macro strategy seems the place to be in the current extremely volatile stock market climate. But beware, if you do not combine global macro with micro factors, you are doomed to fail, says Christopher Govaerts (photo), chief strategist at Belgian …