Belgium plans dual defense funds, invites financial sector to join in
Belgium is entering the European defense investment arena with two new public-private initiatives, one at the federal level and another from the Flemish government.
Morningstar: Pzena versus Stewart Investors in EM equities
Emerging markets delivered a relatively resilient start to 2025. Morningstar this week compares the Pzena Emerging Markets Focused Value fund and Stewart Investors Global Emerging Markets Leaders fund.
Transfers: Nagelmackers, HF Quarters, Edmond de Rothschild, Allianz GI
This week’s overview of transfers and appointments in and around Luxembourg includes updates from Edmond de Rothschild, Bank Nagelmackers, HF Quarters, and Allianz Global Investors.
Wealth managers revisit small crypto allocations in portfolios
Bitcoin’s persistent popularity is reigniting portfolio debates among European wealth managers.
Oil stocks are a very cheap hedge against inflation
The energy sector serves as a safe haven during periods of geopolitical turmoil and is showing greater investment discipline. However, an increasing oil supply is dampening short-term expectations.
CSSF flags persistent AML gaps at investment firms
Anti-money laundering compliance has become a defining test for Luxembourg’s investment sector. At a closed-door AML/CFT conference on 28 March, the CSSF warned of persistent governance gaps, just as EU reforms raise the bar for compliance.
“Tear down this wall”
In the 1980s, Ronald Reagan became known for his hardline stance against the Soviet Union—a strategy that ultimately contributed to the end of the Cold War. Today, we see Donald Trump adopting a similarly confrontational approach, but this time on the economic battlefield.
Trade war triggers rift among Trump loyalists
Even those expected to back Trump’s tariff move are responding with unease. Over the weekend, that unease turned to hostility.
When gold runs out
At the current rate of production, known gold reserves will be exhausted in roughly twenty years. Finding new sources will only become more expensive, but in the meantime, mining company stocks are performing exceptionally well. The gold miners index on Wall Street gained more than 40 percent over the past twelve months.
Chart of the week: generation gap
This week marked the 22nd edition of the Mining Forum Europe in Zurich. For a long time, it was an insider-only event mainly attended by mining companies, but with the recent surge in the gold price, there was much more room this time for a broader, macro-driven perspective.