RBC BlueBay - Here comes the boom
BlueBay Chief Investment Officer, Mark Dowding presents his week weekly macro commentary
NAV errors: Tighter control, clearer guidance seek to improve fund valuations
Luxembourg’s financial watchdog, the CSSF, has made important changes to its rules for valuations of investment funds, the first in two decades. While many things stay the same, some key updates—like lowering limits for money market funds and adding new checks before making investment decisions—are aimed at tightening control and providing clearer guidance.
China, a copy of the United States
Many investors mistakenly conclude that China and the United States are completely different due to their distinct financial (and societal) systems. However, nothing could be further from the truth. Both nations’ faltering economic engines are kept running by the same remedy: debt.
PGIM: Growth investing through a slowdown
Mark Baribeau, Head of Global Equity at Jennison Associates, favours secular growth names with strong fundamentals to weather a slowing economy.
Buildings that go green
Research suggests that pursuing the most sustainable renovation strategy for an office is not only better for the environment, but could offer the best returns on invested capital.
Capitalising on strong trends
Infrastructure has become a crucial building block in many investors’ portfolios, and Storebrand is no exception. Globally, the asset class has grown by 18% annually since 2010, yet the need for new infrastructure investments remains substantial.
Quintet lifts UBP team to target 100,000 Finnish millionaires
Quintet Private Bank announced on Thursday the launch of its Luxembourg-based Finnish desk by building a new team that crossed over from competitor Union Bancaire Privée.
Morgan Stanley banker Albuquerque faces scrutiny as EU finance chief
Former Portuguese finance minister and Morgan Stanley banker Maria Luís Albuquerque, known for her austerity-heavy tenure during the eurozone crisis, is now the European Commission’s nominee for the influential role of Commissioner for Financial Services. Her appointment has already ignited controversy.
Fund Radar: Pharma companies regain their growth trajectory
Pharmaceutical companies were once known for their strong growth potential, but slowing revenue growth, lower valuations, and higher dividend yields have given them a more mixed profile in recent years. However, over the past three years, Novo Nordisk and Eli Lilly have stood out by reclaiming their growth status.
Lux-domiciled CLO-ETF fund sees advantage in Luxembourg approach
Luxembourg has been outpaced in the development of exchange-traded funds by Ireland. However, steps have been taken to improve Luxembourg’s offer. Investment Officer has spoken with people involved in the recent launch of a new Luxembourg-domiciled Ucits-compliant collateralised loan obligation (CLO) exchange-traded fund (ETF), which benefits from two-year-old changes to Luxembourg’s securitisation law.