News

Imagine a groundbreaking European savings and investment product, open to all 450 million individuals across the European Union, supported by a harmonised tax incentive endorsed by every EU member state. Wishful thinking? Probably so, but maybe not.

A proposal to enhance European defence collaboration by raising €100 billion through the issuance of Eurobonds in financial markets is gaining momentum among EU finance ministers.

Vincent Van Peteghem (photo), the Finance Minister of Belgium, presently holding the presidency of the European Council, voiced his support for the concept of ‘common defence bonds’ on Wednesday.

The Bank of England (BoE) this week reiterated its concerns about the risks of higher interest rates and limited data disclosure in private credit markets. Harvey Schwartz, CEO of The Carlyle Group with some 380 billion dollars under management, believes those concerns are exaggerated.

Digital investment channels are no longer just the domain of the young or tech-savvy, but are increasingly being embraced by a broader demographic of retail investors. These insights come from a comprehensive survey commissioned by Amundi, Europe’s largest asset manager.

The global wealth gap has alarmingly widened since 2020, with the top five richest men globally having more than doubled their fortunes. In stark contrast, nearly five billion people worldwide experienced a decline in their financial wellbeing, a study by anti-poverty group Oxfam revealed on Monday.

Released to coincide with the World Economic Forum Annual Meeting in Davos, the report painted a grim picture of economic disparity.

The report also said that the world could see its first trillionaire within the next decade. 

Luxembourg’s financial supervisor CSSF is ready to conditionally give its green light for new applications of Eltif 2.0 funds, even as the market still awaits a final adoption of the regulatory and technical standards, known as the RTS, by the European Commission.

This year’s overview of the most read articles on Investment Officer Luxembourg demonstrates that readers are highly attracted to articles about financial regulation and supervision of investment funds and management companies in the Grand Duchy.

About 85 percent of Europe’s asset management activity takes place in six countries: the United Kingdom, France, Switzerland, Germany, the Netherlands and Italy, data from Efama’s 2023 Asset Management Report shows.

Luxembourg last year remained among the most expensive domiciles for investment funds in Europe in all three investment categories, according to a research report released on Monday by the European Securities and Markets Authority, Esma.

Saxo Bank’s annual Outrageous Predictions, a brainchild of Steen Jakobsen, CIO at Saxo, have become a global phenomenon, intended to provoke thought and reassess investment strategies.