Investment Officer

Consulting and accounting firm PwC Luxembourg has announced its new “country leadership team” after a vote by the firm’s partners on 10 February 2023.

Inflows into global equity and bond ETFs have been declining for five months in a row, and for the first time since March 2018, money flowed out of US equity ETFs for two consecutive months.

A decision by consultancy EY to split its business into separate entities for audit services and management consultancy has been pushed back to later this year because of the “complexity” of Project Everest, as the plan is internally known.

EY Luxembourg said it remains committed to the ambitious plan.

The Association of the Luxembourg Fund Industry, the grand duchy’s leading fund and asset management association known as Alfi, turns 35 this year. It’s a milestone to be marked at its upcoming European Asset Management conference on Tuesday 21 and Wednesday 22 March. 

While interest rates in the bond market are rising uninhibitedly, the stock market may be in a dead-cat bounce, or a “sucker-rally”. Some market specialists do not trust the rally and declare equities “a lost cause”. In terms of allocations, the traditional appeal of a 60-40 portfolio appears to make a comeback now that the ‘earnings yield spread’ between stocks and bonds is narrowing.

Asset manager Robeco on Wednesday won the award for best asset manager in Morningstar’s Luxembourg Awards for Investing Excellence in 2023. The firm also won the new award as best asset manager in sustainable investing.

Dutch-based Robeco, with assets under management of approximately 200 billion euro, since 2016 is fully owned by Japanese financial services conglomerate Orix. With its awards Robeco beat competition Vanguard, J O Hambro, BNP Paribas and Candriam.

Funds managed by M&G, Schroders, Candriam and Cartesio on Wednesday emerged as four respective category winners in the Morningstar Awards for Investing Excellence 2023 in Luxembourg.

A total of 69 signatories representing the Luxembourg financial sector on Wednesday marked International Women’s Day 2023 by signing the newly launched Luxembourg Women in Finance Charter, seeking to improve gender diversity in the grand duchy’s financial centre.

The initiative, supported by the Luxembourg finance ministry, seeks to achieve greater gender balance and inclusivity across the Luxembourg financial services industry. Finance minister Yuriko Backes will act as the charter’s patron.

Investment research firm Morningstar is set to announce the winners of the 2023 Morningstar Awards for Excellence in Investing in Luxembourg. 

A total of 12 funds were nominated in the categories global equity fund, best Europe equity fund, best Euro bond fund and best Euro allocation fund. Morningstar also has selected six nominees for its Best Asset Manager and its Best Asset Manager Sustainable Finance awards.

The winners will be announced at a Luxembourg ceremony on Wednesday evening at 20:30 local time.

A survey conducted among 300 investment institutions, including asset managers, asset owners and insurance firms, has found a mixed understanding of digital assets among investment professionals. The results point to different levels of readiness to using digital assets and investment technology.