Asset Manager

Investors in European ESG funds could be in for a rude awakening as new guidelines from the European Securities and Markets Authority (Esma) threaten to upend the industry, according to Morningstar.

The European election results have sent shockwaves through traditional media and financial markets alike, primarily due to the significant shift towards right-wing parties.

The CSSF has reprimanded three investment fund managers for failing to comply with anti-money laundering requirements after it decided not to impose a 10,000 euro fine. A fourth manager was fined 10,000 euro after not responding to a request for additional information.

There remain dedicated value investors who, with relentless perseverance, scour the US stock market in search of overlooked gems that can shine once again.

Pension funds are increasingly shifting their focus from merely accumulating ESG-labelled assets to emphasising the quality and impact of these investments, a survey has concluded.

MFS CEO Mike Roberge and Luxembourg head Michael Derwael see actively managed funds - ETFs and mutual funds - as benefitting from a return to higher interest rates, which would take away market share from passive investments and private markets.

This week’s overview of transfers, appointments, promotions and other career news includes updates from State Street, Amundi, Fundcraft, LCEL, and Arendt & Medernach.

While tourists flock to locations steeped in history, investors take the opposite approach; they flock to locations focused on the future.

Transcript of the interview with Esma Chair Verena Ross.