The Great Monetary Illusion: Why equity markets soar in a fragile world
Many investors today look at global equity indices and wonder how markets have risen so sharply over the past two decades in an environment marked by tepid economic growth, recurring geopolitical shocks and rising public debt burdens.
The rise of sales-as-a-service
Financial services firms increasingly test new markets through sales-as-a-service models, relying on experienced industry connectors instead of building costly local teams. Luxembourg’s global ecosystem makes this approach particularly relevant.
Shake-out in active management not over says M&G
The shake-out in active asset management is far from finished, even as some firms regain momentum in the battle for investor flows, according to Joseph Pinto, chief executive of M&G Investments.
Chart of the week: the hidden cost of Trump’s war
The price of a barrel of crude oil surged past the $100 mark as the situation in the Middle East escalated further. A small price to pay, according to the president of the United States. Yet I suspect Trump is taking too narrow a view of the true cost of this new military intervention – if he is even considering those costs at all.
Oil shock puts central banks ahead of difficult rate decisions
The war between the United States, Israel and Iran is casting a shadow over a crucial week for central banks. The US Federal Reserve meets on Wednesday, followed a day later by the European Central Bank.
The new equity analyst is called Claude. But he can’t do everything
Write a prompt asking Claude to act like an investor who wants to know everything about a company. Upload the quarterly results of a business you follow. Click. Wait fifteen minutes. And there it is: an investment memo with a cash-flow model, scenario analysis, a risk overview and a valuation framework. Neatly structured.
Morningstar: HSBC vs Schroders in Asian bond funds
The Asian bond market continues to deepen, supported by local and international interest.
Ten indicators that show where energy markets crack
Oil prices can swing by tens of dollars within hours, as happened this week amid the war surrounding Iran. Yet the headline oil price is only one signal from the commodity markets. A further ten indicators reveal where pressure in the energy system is truly building.
CEO evergreen giant Partners Group ‘flabbergasted’ by share price drop
Listed private markets managers are under pressure in recent weeks as investors question the resilience of evergreen funds and worry about technology exposure in private credit portfolios. Shares across the sector have slid after several retail-focused vehicles limited withdrawals, raising fresh doubts about whether funds that promise periodic liquidity can withstand market stress. Partners Group says those fears are misplaced.
Transfers: Cardif Lux Vie, JP Morgan, Nuveen, Blackstone
This week’s overview of people transfers from across Europe.