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Date
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March 2, 2022
Asset Allocation

Russian assets now seen as 'morally reprehensible'

Russia's financial ecosystem is imploding. The impact is felt both in Moscow, where stock exchange trading is halted, as well as in the rest of the world. Institutional investors and multinationals are turning their backs on Russia as the economic fallout …
March 2, 2022
Laws and Regulations

Luxembourg’s Russian interests set for change

Russian interests have found Luxembourg’s expertise useful as a European business hub for several decades. Here we look at the state of this relationship before the invasion of Ukraine, and how these arrangements might be affected by the subsequent …
March 2, 2022
Products

Defence: how an unwanted child becomes wanted

German Chancellor Scholz's announcement that he is making 100 billion euro available from the federal budget to strengthen national and European defence has not missed the mark. German Rheinmetall shares extended gains on Tuesday, adding another 18 …
March 1, 2022
Asset Managers

Alfi DG Thommes: ‘Indirect impact may go further’

Also as international funds hub, Luxembourg finds itself exposed to the economic fallout from Russia's war against Ukraine. Hundreds of investment funds with assets in Russia’s financial markets are making extra efforts to keep clients abreast about the …
March 1, 2022

Swiss join EU sanctions against Russia

Switzerland, long a place for Russian oligarchs to park their money, announced Monday it would set aside its long-standing and deeply-rooted tradition of neutrality in order to freeze Russian financial assets in the country, as the fast-moving …
March 1, 2022
Asset Allocation

Worldwide inflows into ESG funds decline

Worldwide net inflows into Exchange Traded Funds with an Environmental, Social and Governance (ESG) profile fell to 9.8 billion dollars in January compared to 19.8 billion dollars the same month a year earlier, according to London-based research firm …
February 28, 2022
Sector

Future of 855 Russia funds, ETFs uncertain

The future of some 855 funds with exposure to Russia is shrouded in uncertainty as the turmoil in Russia’s financial markets continued on Monday. JP Morgan AM and Prosperity on Monday suspended their funds with assets in Russia. East Capital warned of "a …
February 28, 2022
Investing

Stagflation scenario, so far, looks premature

Russia's invasion makes it more difficult for central banks to keep inflationary pressures at bay. Rising commodity prices weigh on the cost of living in the US and Europe. Restrictive effects of the Ukraine war on economic recovery are also increasing, …
February 28, 2022
Laws and Regulations

Luxembourg reforms its business registers

Part of Luxembourg’s effort to tackle allegations that it enables questionable business and tax practices through a lack of transparency will be significantly upgraded through new rules, technical capacities, increased staff and administrative penalties …
February 28, 2022

Grain market greets Ukraine war with volatility

Global commodity markets are watching the unfolding war in Ukraine with trepidation amid broad expectations the violent conflict will result in shortages for anything from aluminium to zinc. One global market, grain, is particularly vulnerable, as Russia …