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Date
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August 4, 2023
Laws and Regulations

SFDR Article 6: Dumping ground for non-sustainable investments?

The Sustainable Finance Disclosure Regulation (SFDR) framework's Article 6 has often been perceived as a dumping ground for non-sustainable investments. However, experts question whether this perception is accurate. Some argue that an Article 6 fund can …
August 3, 2023
Asset Managers

Asset managers turn their back on ESG

Asset managers worldwide have made little notable progress in achieving their sustainability goals since 2021. Particularly in the United States, parties are becoming less inclined to persuade companies in their portfolios to move away from fossil fuels. …
August 3, 2023
Transfers

Transfers: Gen II, Crestbridge, Pinsent Masons, Axa, others

This week’s overview of people transfers and appointments in the fund and asset management industry includes new moves at Axa Investment Managers, Apex Group, Ocorian, Pinsent Masons, Columbia Threadneedle, Gen II Fund Services, Crestbridge, Baker …
August 3, 2023
Sector

Market gains offset outflows for Luxembourg funds

A positive performance in global financial markets stemmed net capital outflows in Luxembourg during the month of June, leaving the grand duchy’s investment funds with a net positive balance of 35.191 billion euro at the end of the month, according to …
August 3, 2023
Laws and Regulations

Call for mandatory sustainability reporting standards ignored

The European Commission this week disappointed sustainable investment organisations by ignoring their collective call for mandatory reporting requirements that would force companies to make public core indicators for their non-financial sustainability …
August 2, 2023
Laws and Regulations

LSFI helps investment pros navigate EU’s green maze

The Luxembourg Sustainable Finance Initiative (LSFI) on Wednesday launched a new toolkit to support financial professionals in navigating the complex maze of the European Union’s sustainable finance regulation. The toolkit, which can be accessed by the …
August 2, 2023
Sector,Opinion

Redoing everything from A to Z

It was June 2014, and I was flying back from Lisbon for an exciting interview at J.P. Morgan Bank Luxembourg. Landing this job would validate that getting a master’s degree was worth it. I was thrilled about being part of our fund industry. There could be …
August 2, 2023
Asset Managers,Investing,Sector

Fund flows confirm major switch to ETFs

An in-depth analysis of European investment fund flows in the first half of this year has confirmed that investment managers are shifting fund investments towards Exchange Traded Funds (ETFs) at the expense of traditional mutual funds. The shifts are …
August 1, 2023
Private Banks,Wealth Managers

Commerzbank to target HNWI clients via Yellowfin

German bank Commerzbank on Tuesday said it has taken a significant step in its asset management business by spinning off its active asset management segment into a new stand-alone boutique called Yellowfin Asset Management GmbH.  The bank said this …
August 1, 2023

LuxFlag labels 5 new funds in Q2, bringing total to 326

Luxembourg's financial sector labelling agency LuxFlag granted its ESG and sustainability labels to five new investment products in the second quarter of 2023. This  brings the total number of labelled investment and insurance products to 326, with a …