Asset Managers

Luxembourg may be leading the charge in Eltif launches under the revised framework, but elsewhere in the Benelux they are proving a tougher nut to crack.

Joseph Pinto, chief executive of M&G’s asset management division, has downplayed concerns over recent client outflows, saying the group’s long-term strategy and strong investment performance in continental Europe position it well to return to net growth in 2025.

Fannie Wurtz from Amundi Asset Management, notes that a striking number of Asian investors are channeling their savings into European funds. The French executive is also optimistic about the sector’s long-term prospects. “Several megatrends are driving the European market.”

Luxembourg, which hosts more than a quarter of all assets held in European investment funds, has raised a red flag over fresh European Commission plans to create a single supervisor for financial services.

Blackrock has been working for “years” on launching a European bitcoin ETP. The asset manager officially introduced it this Tuesday morning on the Dutch, German, and French exchanges.

“Active management is back.” That was the message from Philippe Setbon, CEO of Natixis Investment Managers, at the firm’s Thought Leadership Summit in Paris on Thursday.

Nasdaq is preparing to extend its trading hours, aiming to introduce 24-hour, five-day-a-week trading by the second half of 2026—pending regulatory approval.

State Street on Tuesday started construction on its new Luxembourg headquarters in the Cloche d’Or district.

With EU citizens holding around 34 trillion euros in savings—one-third of which sits in bank deposits—Luxembourg sees an opportunity in European pension reform.