Top fund managers have clear preference for oil, financials
Which public companies do the best rated fund managers want in their portfolios? Researchers at London-based data analysis firm Citywire on Monday released a new data set that shows in which equities the world’s portfolio managers prefer to invest with the highest degree of conviction.
A Nasdaq in Luxembourg? ‘I beg you. Build it.’
Luxembourg, take the initiative for a European Nasdaq market. Take your expertise in financial structures and pioneer this change, says Finnish VC investor Riku Asikainen, managing partner and founder of Evli Growth Partners, or EGP, which hosts one of Europe’s biggest scale-up breeding grounds.
Investors may draw short end in tussle over retail strategy
The industry’s objections to a divisive EU Retail Investment Package are being heard in Brussels, it has become clear in recent weeks. Investors could end up pulling the short straw, critics argue. ABBL says a clearer definition of retail investors is important for private banks and wealth managers.
Contours of SFDR 2.0 are gradually emerging
Though the EU consultation of the much-debated Sustainable Finance Disclosure Regulation is set to conclude only in December, the outlines of what will be termed as SFDR 2.0 are gradually emerging.
In ESG, voice of asset owners matters more than ever
An air of cautious optimism permeated through the halls of the Morningstar’s sustainable investing conference in Amsterdam on Wednesday, painting a subtle yet intricate picture of the obstacle-filled landscape of ESG investing.
New generation of active ETFs takes market by storm
Even Ciaran Fitzpatrick, head of ETF servicing Europe at State Street, is surprised to see phenomenally strong growth in true active ETFs this year. The latest generation of ETF products, also dubbed ‘ETF 3.0’, is rapidly making its way into portfolios of both institutional and retail investors. The US is leading but Europe is not far behind.
As Luxembourg votes, talents and taxes feature on finance’s agenda
Luxembourg is heading to the polls on Sunday. The outcome is anticipated to reaffirm the Grand Duchy’s status as an international financial centre rooted in political stability. Two issues, however, stand out: talents and taxes.
In Flux: ESG storm has yet to abate
The sustainable finance sector has faced a whirlwind over the past two years, and the storm shows no sign of abating soon. From greenwashing scandals and SFDR downgrades to unreliable ESG data and politicised debates in the US, the landscape is ever-evolving, almost on a daily basis.
Iosco’s next goal: aligned supervision on greenwashing
Securities supervisors worldwide are looking to coordinate and align their approaches to greenwashing in the investment industry, it became clear on Monday during a panel debate hosted by Iosco, the Madrid-based body that brings together securities regulators from across the world. The debate marked the start of Iosco’s seventh World Investor Week.
At $534 bln, assets in climate focus show ‘gloomy reality’
Interest in sustainable investment is surging but it’s doing very little to keep climate change in check, a new Morningstar report says.