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Date
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December 11, 2023
Opinion

Absurd comedy at the ECB

In a recent speech, Christine Lagarde highlighted the dire implications of prolonged high inflation, linking it to the very fabric of democracy. This sentiment, echoed in my book “Turning Point 1971,” underlines the non-economic ramifications of …
December 11, 2023
Opinion

Mind that Golden Gap!

These days, it is almost impossible not to talk about gold or bitcoin - for me, these two assets are close in what they offer investors. So I do just that. What strikes me most is the extreme divergence that has emerged in a traditionally very strong …
December 11, 2023
Sector,Technology

‘AI will make markets more efficient, and harder to beat’

Will fund managers soon be retiring as artificial intelligence becomes increasingly prevalent and consistently outperforms the market? Or is this notion exaggerated? Investment Officer spoke to Thomas Dierckx, a financial machine learning expert at Kairon …
December 8, 2023
Sector,Supervision

Esma warns on CLO ratings, sees conflict-of-interest risks

The European Securities and Markets Authority, Esma, on Thursday issued a warning about practices surrounding Collateralised Loan Obligations (CLOs) in the EU. The supervisory body has found potential conflicts of interest and undue influence in the CLO …
December 8, 2023
Sector

Use of English rises in multilingual Luxembourg

A recent analysis of the 2021 census published on Thursday shows that English has become the third most spoken language in Luxembourg, replacing German. Luxembourgish is experiencing a downturn. A report by Statec, the national statistics agency, reveals …
December 8, 2023
Technology

SEC rejection of spot bitcoin ETFs faces challenges

Is the US Spot Bitcoin ETF Hype Overblown? The SEC's rejection of spot bitcoin ETFs faces legal challenges, raising questions about their potential impact. Last month, Grayscale Investments triumphed in a crucial legal fight for launching trackers with …
December 8, 2023
Supervision

Private debt ‘particularly vulnerable,’ says BoE

The Bank of England (BoE) has issued a warning about the risks posed by private credit and leveraged loans to financial stability in an environment of higher interest rates. Private debt, a market where Luxembourg structures play a major international …
December 7, 2023
Asset Managers,Investing

AXA: Expectations of rate cuts, price cooling ‘reasonable’

Market expectations of central bank interest rate cuts in 2024 are reasonable, according to Gilles Moëc, the Axa group chief economist and Axa IM head of research, who presented Axa’s outlook for next year in Luxembourg this week. He painted a relatively …
December 7, 2023
Asset Managers,Investing

BlackRock defies market with interest rate forecast for 2024

BlackRock, during the presentation of its 2024 Global Outlook at its New York headquarters, indicated that the Federal Reserve is unlikely to cut interest rates until the second half of next year, a scenario the market currently sees as highly improbable. …
December 7, 2023
Opinion

Letting Ireland dominate ETFs is pure madness

On the 4th of September 1996, Luxembourg signed its most recent tax treaty with the United States of America. According to that agreement, Lux-based ETFs pay a 30% withholding tax on income received from US securities, as opposed to the 15% paid by their …