Asset Servicing

Fed Chair Powell has made no secret of it: he and his colleagues aim to bring interest rates back to the elusive, yet undefined, neutral rate. To reinforce this narrative, the FOMC members filled their forecasts with a significant number of expected rate cuts. However, the question now arises: does inflation actually permit this?

Interest in water funds, like sustainable investing more broadly, has recently waned among investors. This marks a departure from the peak during the COVID-19 pandemic, which saw significant inflows. Although there are more than 40 different funds in this category, only a few manage the majority of the assets.

Europe’s equity market is increasingly viewed as a neglected corner of global investing—overshadowed, overlooked, and unloved.

This week’s overview of transfers and appointments in the fund and asset management community in and outside Luxembourg includes updates from Goodwin, DWS, Abrdn, Neuberger Berman, Taskize, and others.

Efama chief Tanguy van de Werve highlights the urgent need for tax harmonisation to overcome fragmentation and create a competitive, unified European market.

Esma has proposed 11 October 2027 as the date for the European Union to adopt a T+1 securities settlement cycle, cutting the time between trade execution and settlement from two days to one.

Two months after Mario Draghi urged the creation of a unified European capital market, stock exchange operator Euronext has announced future plans that will likely be music to the former ECB chief’s ears.

This week’s overview of transfers and appointments in the fund and asset management community in and outside Luxembourg includes updates from Quintet Luxembourg, Candriam and Zedra Group.

The outperformance of private equity should be nuanced, says investment expert Jan Longeval. “But it offers an important advantage that is rarely highlighted.”

The Dutch regulator the Authority for the Financial Markets (AFM) has investigated managers who make use of an exception to the licensing obligation in the Dutch Financial Supervision Act (Wft) and only fall within the ambit of a registration obligation. These are the “small” managers (the “light managers”).