Luxembourg real estate fund assets up 26% vs year ago
Real Estate Investment Funds, or Reifs, in Luxembourg saw total assets climb by 26 percent in the year running up to the end of the third quarter, to 131 billion euro. The number of Reifs increased by 20 percent to 621 funds.
The latest edition of the Reif survey conducted by the Association of the Luxembourg Fund Industry, or Alfi, showed that multi-sector allocations remain the most popular strategy for Reif investors, with 49 percent.
Lacklustre mood hits private markets at year-end
Fresh registrations for alternative investment funds in Luxembourg, considered the top European hub for private investments, this month are at their lowest monthly level in nearly six years. Regulatory changes as well as market conditions are cited as a reason for the slowdown. Some issuers have decided to wait for the new year to avoid regulatory reporting in 2022.
ESG debt takes bigger share of government debt market
Government bonds classified as sustainable or ESG securities continued to win market share during the third quarter as more of them were issued while the total amount issued in fresh state debt in Europe declined.
Graph of the week: energy label
No this column is not about sustainability, climate targets or Co2 emissions. But about the fable that energy companies are a reason why broad market profits need not fall.
Energy profits
Earnings-per-share of US energy companies included in the S&P 500 Index are up more than 250% from a year ago. But this does not disguise a fall in profits of the rest of the companies.
Rise PropTech aims to benefit from property disruption
The construction industry and real estate are about to change, and so investing in property tech (or proptech) start-ups now is a good investment strategy. That’s the idea behind Rise PropTech Fund.
At COP27, LuxFlag hosts debate on impact investing
LuxFlag, the Luxembourg Finance Labelling Agency, raised awareness to market challenges faced in the impact investing space at a side event held on Monday at the EIB Benelux Pavillion at COP27 which is being held in Sharm el-Sheikh, Egypt. The event featured speakers familiar with the challenges of making investments with real impact and of the best way to move forward with sustainable finance.
Fire breaks out in defensive profiles
Even clients with the most defensive risk profile stand to lose more than -12 per cent at Dutch asset managers this year. “Defensive clients have 2008 experience in their portfolios. And according to many, we are not even at the exit yet.”
Allianz GI: cybersecurity will continue to grow strongly
Companies cannot economise on cyber security: the dangers have become far too great today. Yet the entire sector fell on the stock market as much as the overall tech market. Erik Swords, manager of the Allianz Cyber Security fund since October 2021, thinks this means that it is a good time to take a closer look at the sector.
Fed makes clear swift return to normal is unlikely
Chances of a real turn in short-term interest rate policy seem to have been squandered since yesterday. According to specialists at Aegon AM, PGIM and T. Rowe Price, interest rates will remain high for several more quarters. A quick reversal in interest rate policy is unlikely. So is an early return to “normal” .
CSSF’s Ucits, AIF fund cost review draws criticism
Luxembourg financial supervisor CSSF, a long-time ally for Luxembourg’s booming fund industry, is drawing reluctant criticism from some people in the sector over its recently announced initiative to review pricing mechanisms for Ucits and AIF investment funds. Responding to press questions in this context, the finance ministry signalled that “certain features” of Luxembourg’s fund legislation will be modernised “in the near future”.