People moves: Neuberger Berman, Davy Select, Fokus Nordic, Eurex, Jonk Entrepreneuren, Akkodis
This week’s overview of transfers and other people moves in and around Luxembourg includes updates from Neuberger Berman, Davy Select, Fokus Nordic, Eurex Clearing, Jonk Entrepreneuren and Akkodis Benelux.
European ETF market set to double to $4,000 bln by 2029, PwC projects
European exchange-traded fund (ETF) assets could more than double to exceed 4,000 billion dollars by 2029, according to a new projection by PwC.
Norton Rose Fulbright: Welcome to MICA - but what is a crypto asset anyway?
MiCA is here, but what exactly is a crypto asset? ESMA’s latest guidance clarifies the line between MiCA and MiFID II—but uncertainties remain in digital asset classification.
A trade tariff is no picnic in the park, ‘but won’t derail European outperformance’
The import tariff proposed by Donald Trump on goods from the EU may inject some volatility into European stock markets, but investors in European equities remain largely unconcerned.
Market concentration at a 92-year high, UBS Yearbook finds
There aren’t many must-reads in the investment world, but UBS’ Global Investment Returns Yearbook is one of them. Compiled by academics at London Business School and Cambridge University, the annual report digs into long-term market trends, often challenging conventional thinking.
“Highly unlikely that Luxembourg will catch Ireland in the ETF space”
Luxembourg faces strong headwinds in ETFs as Ireland dominates. Cost, scale, and first-mover advantage keep Dublin ahead. Can Luxembourg compete? Mark Browne at Clerkin Lynch Solicitors in Dublin believes it can’t.
“Little interest in multi-asset funds”
Mixed funds have been experiencing a strong net outflow of assets for two years. A lower interest rate could reverse the negative trend, but for now, investors show little interest, said Morningstar analyst Thomas De fauw.
Concentration risk increases demand for rules-based ETFs
Due to increased concentration risk in equity markets that are ‘crammed’ into US (tech) stocks, asset managers are experiencing increased demand for rules-based ETFs. These trackers reduce that risk or exclude the market segment with the highest concentration risk.
Yves Stein underlines need for private banks to innovate
Luxembourg’s private banks need embrace digital innovation to stay competitive, tackle regulation, and attract talent. ABBL Chairman Yves Stein speaks on the future of private banking in the Grand Duchy.
Chart of the week: Mixed feelings
The German elections have resulted in a victory for the CDU/CSU. That was not entirely unexpected. The same cannot be said for the historic defeat of the SPD, which recorded its worst result since 1887.