2556 results for ""
Date
|
October 4, 2023
Wealth Managers,Asset Servicing

Bettel, Backes inaugurate BoA’s Luxembourg office

The Luxembourg government, represented by prime minister Xavier Bettel and finance minister Yuriko Backes, on Tuesday officially inaugurated Bank of America’s new branch in Luxembourg. The office was already opened on 10 May. Speaking five days before the …
October 4, 2023
Asset Managers,Asset Allocation

India’s bond market still lacks full acceptance

JP Morgan's recent decision to incorporate India into its Emerging Market bond index has ignited institutional interest in the world's leading emerging market government bond. However, full acceptance still has significant barriers to overcome. India's …
October 4, 2023
Sector

ESG on shaky ground: Higher fees no longer justify the risk

European ESG funds face a record number of closures as greenwashing scrutiny intensifies and the allure of higher fees diminishes, data shows. With 51 closures of ESG-listed European funds in the second quarter, this period witnessed an all-time high. The …
October 4, 2023
Laws and Regulations

In Flux: ESG storm has yet to abate

The sustainable finance sector has faced a whirlwind over the past two years, and the storm shows no sign of abating soon. From greenwashing scandals and SFDR downgrades to unreliable ESG data and politicised debates in the US, the landscape is …
October 3, 2023
Supervision,Laws and Regulations

Esma to review investors’ sustainability preferences

The European Securities and Markets Authority (Esma), the EU’s financial markets regulator and supervisor, on Tuesday said it plans a comprehensive review next year of industry efforts to integrate sustainability in investment firms’ suitability …
October 3, 2023
Asset Managers

As global tax rules shift, funds brace for Pillar 2’s arrival

A new global tax system is coming, putting globally-active Luxembourg firms, especially investment funds, into a desperate search to see whether they could be exposed to pay a potentially substantial top-up tax, according to rules that, to some, could …
October 3, 2023
Asset Managers,Supervision

Iosco’s next goal: aligned supervision on greenwashing

Securities supervisors worldwide are looking to coordinate and align their approaches to greenwashing in the investment industry, it became clear on Monday during a panel debate hosted by Iosco, the Madrid-based body that brings together securities …
October 2, 2023
Asset Servicing

Apex’s growth in Luxembourg reflects shift in landscape

In this IO Talks podcast interview, Peter Hughes, CEO and founder of Apex Group, and Pierre Weimerskirch, the firm’s Luxembourg head, discussed strategic ambitions in Luxembourg, highlighting the region’s increasing dominance in the global investment …
October 2, 2023
Investing

Consumer spending concerns: A glimpse into the future?

A recent chart from UBS has caught my attention. It indicates a surprising reluctance among Americans to spend during the upcoming holiday season, especially when compared to their willingness in July. A year ago, a similar trend was noted. Subsequently, …
October 2, 2023

At $534 bln, assets in climate focus show ‘gloomy reality’ 

Interest in sustainable investment is surging but it's doing very little to keep climate change in check, a new Morningstar report says. The number of climate-related funds globally has witnessed a sevenfold increase in the past five years, according to …