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Date
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May 7, 2025
Asset Allocation,News

Berlin’s reform agenda on shaky ground after failed chancellor vote

Hopes for a fresh reform trajectory for the German economy suffered a serious blow on Tuesday. Friedrich Merz, the man expected to drive the country’s modernisation as chancellor, failed to secure a parliamentary majority during a first vote in the …
May 7, 2025
Opinion

The true strength of Buffett: loyalty to a simple strategy

Warren Buffett took a step back from Berkshire Hathaway this week. The end of an (amazing) era. Warren Buffett is often portrayed as a financial genius whose returns are unmatched. But behind the impressive numbers of Berkshire Hathaway lies no secret …
May 7, 2025
Opinion

Salary indexation will kill our fund industry

The latest automatic salary hike in Luxembourg landed on Workers’ Day. Cheers all around, but will rising costs hurt the fund industry? On the 29th of April 2025, I and every single person receiving a salary or pension in Luxembourg received some …
May 6, 2025
News,Sector

As banking grows more complex, ABBL pleads for structural reform

With mounting pressure on housing, cybersecurity, and talent retention, Luxembourg's bankers are calling for a policy reset. Industry group ABBL considers its blueprint as essential to maintaining Luxembourg's edge in an increasingly complex banking …
May 6, 2025
Investing

Investing is a game of mistakes

Investing is a game of mistakes; the one who makes the fewest mistakes wins. In that sense, investing has more in common with soccer than one might initially think. And that’s exactly what made Johan Cruyff so uniquely suited to share his genius—with …
May 5, 2025
Asset Allocation,Investing

Euro rally exposes compounding risks in unhedged portfolios

European investors risk a double hit from the recent currency moves, as a falling dollar and resurgent euro erode returns on unhedged US assets and weigh heavily on the earnings of European companies with substantial dollar exposure.   The euro’s sharp …
May 5, 2025
Opinion

Chart of the week: a realistic look at bonds

I remain endlessly amazed by how traditional investors continue to cling to outdated assumptions and clichés. Just last week, another firm once again refused to honor a client’s strong desire to expand their limited mix of just two asset classes. For …
May 2, 2025
Expert Panel

Morningstar: DWS vs. Flossbach von Storch in flexible allocation funds

Morningstar’s flexible allocation category includes a diverse group of funds with largely unconstrained mandates. These strategies typically have significant leeway to adjust weightings between equities and bonds and to incorporate alternative asset …
May 2, 2025
Transfers

Transfers: Linklaters, M&G, Triodos, Flow, Goldman Sachs

This week’s overview of people transfers and appointments in and around Luxembourg includes updates from Linklaters, M&G Investments, Triodos Investment Management, Flow Traders and Goldman Sachs Asset Management. Forster promoted to partner at Linklaters …
April 30, 2025
Asset Allocation

Blackrock tops fund inflows in Q1 as Aberdeen and Eurizon retreat

European fund managers pulled in 161 billion euros in the first quarter of 2025, led by Blackrock and a surge in passive strategies. Bond funds added 83 billion euro, while equity funds saw softer inflows. That is according to Morningstar’s latest …