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January 14, 2020

Luxembourg fund assets edge close to €5,000bn mark

Figures published by the supervisory Commission de Surveillance du Secteur Financier show that Luxembourg-registered investment funds were managing approximately 4,670 bn euro in November 2019.  Ever since 1998, Luxembourg has been gaining influence and …
January 10, 2020

Is Luxembourg losing the war for talent?

Luxembourg’s recruiters have spoken about a war for talent for decades. Higher pay is the main attraction of the Grand Duchy for foreign workers, but housing costs and traffic congestion are growing out of hand. Is the country starting to lose the fight? …
December 25, 2019
Asset Allocation,Investing

CIO DWS: European equity markets will celebrate

Equity markets are starting 2020 on an optimistic note. Investors are celebrating the preliminary US-China trade deal and equities are trading at record highs. Investment Officer asked three prominent investors  representing global asset managers for …
December 25, 2019
Asset Allocation,Investing

CIO AXA IM: Low interest rates can cause financial shock

2020 will probably not be a great year for bonds. The low interest rates could even precipitate a shock to the financial system eventually. The outlook for equities is somewhat more promising, even though it's difficult to grow earnings in the current …
December 25, 2019
Asset Allocation,Investing

2020 outlook: trade war truce will drive recovery

The world economy is showing signs of recovery. Over the fourth quarter, investors have anticipated a more stable macro environment by driving up equity market valuations. The ‘very large Phase One Deal’ that was announced by President Trump on Twitter …
December 25, 2019
Asset Allocation,Investing

‘Value and quality combination delivers outperformance’

The value factor has been disappointing investors for years. However, combining value with quality turns underperformance into stable outperformance, according to French boutique asset manager Seeyond AM. Seeyond has called the ‘new’ factor smart value . …
December 25, 2019

Developing Luxembourg's Fintech framework

A cross-industry working group in Luxembourg is seeking new ways to enable financial technology to thrive in Europe’s tough regulatory environment. Updating the country’s financial services outsourcing rules could help unlock the potential of open …
December 18, 2019
Private Banks

Brexit cost hikes dent Luxembourg bank profits

Luxembourg’s banks are not yet reaping the benefits of Brexit as Brexit-related additional costs are outstripping the rise in revenues. This has led to a year-on-year decline of 5.4% in banks’ profits in the third quarter of 2019, according to CSSF …
December 17, 2019
Private Banks

UBS plans to wind down dedicated unit for the super-rich

Iqbal Khan, the new co-head of global wealth management at UBS, plans to break up the Swiss bank's dedicated unit for the ultra wealthy. According to the Financial Times, this is part of an overhaul designed to increase higher-margin lending to some of …
December 16, 2019
Private Banks

Luxembourg bankers support mutualisation of finance functions

Luxembourg banks want to work together to create common standards on certain compliance-related functions, a survey by the Luxembourg Bankers’ Association ABBL among its member showed. 93% of respondents said they see such cooperation as ‘valuable for the …