Billions of euros flow out of European property funds
Investors have been liquidating billions of euros in assets in European real estate funds for a year now. German investors in particular have been remarkably active in selling their property positions.
PGIM Investments: Fixed income returns to prominence
A relative value lens reveals emerging alpha opportunities against a bond market backdrop marked by elevated yields and the rate-hiking cycle’s end. Find out where PGIM Fixed Income’s Greg Peters sees the most compelling opportunities in 2024.
Recession prevented?
This column is not about where that economic recession remains, but about an earnings recession that has passed. At least, if my global profit indicator is to be believed.
Spuerkeess ditches transfer agents in Euroclear outsourcing
Major domestic Luxembourg bank Spuerkeess will move the majority of its fund portfolio to Euroclear FundsPlace as part of its effort to streamline and cut costs in its fund business, the bank has announced this week.
The bank said it “has decided to move away from transfer agents and centralise the distribution and execution services of its funds.”
Euroclear’s funds platform has started to manage the lion’s share of the Spuerkeess portfolio and “collect trailer fees on external custodians” as well.
Capital Group | What’s right with the world?
A daily diet of negative news can lead even the most experienced investors to lose conviction in their long-term investment plans.
Picks-and-shovels strategies alive as Nvidia fuels AI gold rush
Artificial intelligence and semiconductor stocks rallied late Wednesday during after-hours trading after Nvidia wowed Wall Street with its Q4 earnings. Investors seem to bet on more demand for “picks-and-shovels” in today’s AI-gold rush, echoing dot-com optimism according to some.
ESG rating providers now subject to Esma supervision
EU-level regulation adopted this week by the European Parliament places ESG rating providers under direct supervision by the European Securities and Markets Authority, Esma, a move that provides investors with more transparency.
Unified investment product would be bold move for EU
Imagine a groundbreaking European savings and investment product, open to all 450 million individuals across the European Union, supported by a harmonised tax incentive endorsed by every EU member state. Wishful thinking? Probably so, but maybe not.
Transfer Thursday: Vistra, LuxCMA, Servitia, Kaufhold
This week’s Luxembourg overview of transfers, appointments, promotions and other people news includes updates from Vistra, the Luxembourg Capital Markets Association, Intesa Sanpaolo Servitia and Kaufhold & Reveillaud.
CSSF fines Mizuho nearly half a million euro for breaches
Luxembourg’s CSSF financial regulator on 20 February announced that in late 2023, it had imposed a nearly half-million euro administrative fine on Mizuho Trust & Banking (Luxembourg) S.A.
The 17 November 2023 fine of 444,400 euros was imposed for non-compliance with professional obligations under Luxembourg’s financial sector law relating to governance and IT organisation.