Esma faces uphill battle to emerge as European SEC
In an interview with Investment Officer, Esma chair Verena Ross outlined her vision and the significant challenges ahead as the regulatory body aims to become Europe’s equivalent to the US SEC.
Saxo-stratege: ook in fragmenterende wereld beleg je best regionaal gespreid
In de nieuwe multipolaire wereldorde is globalisering verleden tijd, maar toch raadt Charu Chanana, chief investment strategist bij Saxo, beleggers aan om ook in andere continenten te investeren. Ze kwam onlangs overgevlogen vanuit Singapore voor een Europese tournee bij beleggers.
CSSF questions robustness of valuation practices
Valuation sits at the heart of Luxembourg’s private markets ecosystem, yet supervisors remain unconvinced that current practices are consistently robust. Speaking at an event organised by Kroll and the Association of the Luxembourg Fund Industry, the CSSF flagged shortcomings in the review and approval of valuation models at investment fund managers, underlining that governance, documentation and independent challenge still require closer attention as private assets continue to scale.
Morningstar: MFS vs T. Rowe Price in USD moderate allocation
Multi-asset benchmarks assume costless and frictionless implementation, setting a high bar for allocation funds to outperform after fees. Even so, these “one-stop-shop” solutions remain appealing for many investors.
Luxembourg renews Claude Marx’s mandate as CSSF chief
Luxembourg has renewed the mandate of Claude Marx as director general of its financial regulator, extending his leadership of the Commission de Surveillance du Secteur Financier for another five years as the authority marks a decade of profound institutional change.
Inflatiezorgen ongefilterd
Met een nieuwe Fed-voorzitter in aantocht, mits goedgekeurd door de Amerikaanse Senaat, leek het mij een goed moment om nog eens naar ‘de’ inflatie te kijken. En dan vooral naar inflatieverwachtingen, omdat die in hoge mate het gedrag van consumenten, maar ook van beleggers, bepalen. Wat ik zie, stemt bepaald niet gerust.
Transfers: Fundcraft, Marguerite, State Street, Allianz GI, Arendt, Invesco and Maples Group
This week’s overview of appointments and other people news in and around Luxembourg.
Amundi’s ETF machine keeps humming, but active pays the bills
Amundi’s full-year results underscore how Europe’s largest asset manager has become a formidable ETF machine. Yet behind the record passive inflows, profits still rely heavily on traditional active management and a deliberate push into higher-margin activities.
L&G looks for growth in public-private funds
Asset manager L&G is planning to set up hybrid “crossover” funds alongside its extensive passive business. These funds will contain both public and private investments. With this in mind, the British asset manager is working with specialists such as Blackstone.
Trump’s ‘OK’ with a weaker dollar, European investors less so
An uptick of volatility in the dollar is forcing European investors to confront an awkward choice. With hedging already expensive, some are paying up to protect against further weakness. Others are opting to take the risk, arguing the bulk of the adjustment may already be behind them.