Launching Raifs as sub-funds is the new new thing in Luxembourg
Raifs have been one of the most successful investment vehicles for Luxembourg. Part of their appeal has been their utility in launching sub-funds to form an umbrella structure. This has led, according to data analysis by Investment Officer Luxembourg, to it becoming very popular to launch sub-funds under existing Raifs.
EU retail strategy spurs fund industry reflection on value
The amended EU proposals for a retail investment strategy have spurred asset managers to reflect on the value the offer for the money that they take, it beame clear at a Luxembourg discussion at the ALFI conference.
Another 40 Eltif funds in the pipeline, say experts
Some 40 new Eltif funds, enabling European retail investors to put their money in private markets, are understood to be in the pipeline, due to enter the market in the coming months.
Swissquote seeks to democratise securities lending
When investors buy a company’s share, conventionally, they hope for the stock value to climb and maybe pay dividends. But there’s another way to make money on your shares – lend them to other investors to use for their own purposes, for a fee. This hasn’t been previously possible for most investors in Luxembourg. With help of a fintech, one bank has committed to make it happen.
CSSF: Eltif 2 approvals proceeding smoothly, despite RTS delay
Approvals of new European Long-Term Investment Funds in Luxembourg are proceeding smoothly, despite the relays with the adoption of regulatory standards for the second generation of these funds, the CSSF’s supervisor in charge of investment funds, Marco Zwick, told the Alfi conference on Tuesday.
EP set for push to greenlight retail investment reform
The EU’s retail investment package will come up for a vote at the Parliament’s Committee on Economic and Monetary Affairs on the evening of Wednesday, 20 March.
BLI: Small, mid-cap investments create most shareholder value
With so much media and public attention focussed on large-cap companies like any of the Magnificent Seven, it’s interesting to hear the case for investing in small and mid-cap companies. Those are market valuations, respectively, under 2 billion and between 2 and 10 billion US dollars. Henrik Blohm, who has run the BL American small & mid-caps fund since 2015, is a big proponent.
CSSF: crypto funds are for well-informed investors, not for retail
Luxembourg’s financial regulator CSSF has updated its guidance for the crypto investment landscape, clarifying that only ‘well-informed investors’ within alternative investment funds can tread into the virtual asset territory.
Luxembourg banks seen as nonchalant on cyber compliance
Luxembourg’s financial sector grapples with a stark wake-up call as concerns mount over its nonchalant stance towards impending cyber regulations outlined in the Dora Act; a prominent politician’s apprehensions highlight critical questions surrounding banks’ preparedness and the looming specter of potential sanctions.
Spuerkeess ditches transfer agents in Euroclear outsourcing
Major domestic Luxembourg bank Spuerkeess will move the majority of its fund portfolio to Euroclear FundsPlace as part of its effort to streamline and cut costs in its fund business, the bank has announced this week.
The bank said it “has decided to move away from transfer agents and centralise the distribution and execution services of its funds.”
Euroclear’s funds platform has started to manage the lion’s share of the Spuerkeess portfolio and “collect trailer fees on external custodians” as well.