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Date
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March 1, 2024
Laws and Regulations

European Council blocks corporate responsibility directive

The new European directive mandating corporate social responsibility for large companies has been blocked by the European Council as yet. Germany, Italy and France last week withdrew their support for the proposal they had agreed to as recently as …
February 29, 2024
Asset Managers

Morningstar lists 12 funds for Luxembourg excellence award

Morningstar has announced the finalists for the 2024 Morningstar Awards for Investing Excellence Luxembourg. Twelve funds are nominated for a Morningstar Category Award, and six asset managers are shortlisted for a Morningstar Asset Manager Award. The …
February 29, 2024
Sector,Transfers

Transfer Thursday: Pictet, Crestbridge, PwC Luxembourg

This week’s overview of transfers, appointments, promotions and other people news includes updates from Pictet, Crestbridge and PwC Luxembourg.  Maria Vassalou Maria Vassalou (photo) has been appointed as head of the Pictet Research Institute, whose …
February 29, 2024
Sector,Opinion

Five reasons not to domicile funds in Luxembourg

The Grand Duchy of Luxembourg accounts for 36% of UCITS assets globally, indicating numerous advantages to domiciling an investment fund here. However, as the investment landscape evolves, its competitiveness is diminishing, particularly in comparison to …
February 29, 2024

Weak yen crowns top Japanese companies as ‘Seven Samurai’

That Japan unexpectedly slipped into recession will make the market care. Profits of listed companies are soaring, and share prices are peaking. Investors say there is much more in store, but the yen must continue to cooperate. Goldman Sachs already …
February 28, 2024
Sector,Laws and Regulations

Luxembourg targets tax relief for active ETFs

Luxembourg's lawmakers are making strides in proposals aimed at alleviating the tax burden on actively managed Exchange Traded Funds (ETFs), aligning their fiscal treatment with that of standard passive ETFs. Efforts to reduce the 'subscription tax' for …
February 28, 2024
Opinion,Supervision

ECB Watch: Cultivating cult-like behaviour

In the pursuit of an inclusive and engaging workplace, the European Central Bank (ECB) emphasises respect, talent development, and diversity, as per its official website. However, recent remarks from ECB board member Frank Elderson and President Christine …
February 27, 2024
Sector

Dutch show reserved interest in new generation of Eltif funds

In comparison to some other European countries, including Luxembourg and Germany, investors in the Netherlands appear hesitant to embrace the new generation of Eltif funds at the moment. Questions to private banks and wealth managers in the Netherlands …
February 27, 2024
Sector,Laws and Regulations

Luxembourg banks seen as nonchalant on cyber compliance

The incidence of cyber-attacks like phishing and ransomware being steadily on the rise, governments and companies are busily formulating their response. The European Commission has developed its Dora, or digital operational resilience act, in all a …
February 26, 2024
Sector,Investing

Billions of euros flow out of European property funds

European real estate funds sees assets 10% shrink in 2023 Outflows accelerated during the fourth quarter Investors have been liquidating billions of euros in assets in European real estate funds for a year now. German investors in particular have been …