Fewer millionaires in Luxembourg, but the wealthiest get richer
The number of millionaires in Luxembourg fell significantly in 2024, but those at the top of the wealth pyramid continued to grow their fortunes.
Quintet sees Japan as global diversification play
Quintet Private Bank is increasing its exposure to Japanese equities as part of its global strategy for the second half of 2025.
‘Stick to the plan’: CIOs urge calm amid market whiplash
Diversification remains the cornerstone of asset allocation, investment strategists agreed at Investment Officer’s Portfolio Day, as volatility upends assumptions about safe assets.
NRF: CSRD is work (still) in progress
Brussels’ flagship sustainability law, the CSRD, is caught in a EU political crossfire—Luxembourg included—triggering confusion, Omnibus exemptions and regulatory backpedalling. Norton Rose Fulbright’s Claire Guilbert and Cyril Clugnac explain.
Former Belgian PM Leterme questions NATO’s 5% defense push
Just two weeks ahead of the NATO summit in The Hague, former Belgian Prime Minister Yves Leterme has sharply criticized the alliance’s proposed five-percent-of-GDP defense target, calling it a “collective irrationality” that risks overwhelming European decision-making.
Pinsent Masons: ESG related fund names, are you compliant yet?
ESMA’s guidelines for fund names are now in force. Is your fund truly compliant? Or is it risking regulatory attention?
Chart of the week: reality check
European policymakers, economists, and politicians are in desperate need of a reality check—an awakening that brings them back down to earth and forces them to finally make effective, objective, and intelligent decisions. Something that has been missing for years.
Morningstar: Corporate bond funds cautiously defensive
Morningstar this week looks at euro corporate bond funds and compares Janus Henderson with Invesco. After tariff tensions rattled markets, fund managers remain cautiously positioned in defensive sectors despite temporary relief.
Fed independence questioned as Bessent is floated as Powell successor
Scott Bessent, the U.S. Treasury Secretary and key architect of President Trump’s economic agenda, is being discussed as a potential successor to Federal Reserve Chair Jerome Powell. Bloomberg cited anonymous sources saying his name has been floated for the role.
The dollar: a currency of contradictory views—time for an update
Some analysts are talking about the end of dollar dominance. They primarily point to the erosion of international trust among trade partners and the high debt levels of the United States. A weakening appears to be on the horizon, they write.