M&G targets €500 mln with its first Eltif
M&G Investments on Monday said it is launching its first European Long Term Investment Fund, known as Eltif, as part of a new 500 million euro private credit strategy. The fund will be known as M&G Corporate Credit Opportunities.
Small caps endure rare drop but could be promising
Prices of small-cap stocks remain significantly adrift from their historical performance at the onset of a Fed hiatus, now offering a golden chance for value seekers. While a new study hails the performance small-caps during Fed pauses, critics cast doubt and warn that this historical trend is difficult to time precisely.
Aiming for change: Funds For Good seeks ‘double impact’
Funds For Good, in partnership with Banque de Luxembourg Investments, is broadening its range with two new impact-focused equity funds in the US and Europe.
Fund director fees, like costs, squeezed
Average fees paid to directors of investment funds in Luxembourg and Ireland are down significantly when compared to last year in what appears to be a reflection of a shift in the way that funds reimburse their directors, according to a new report issued on Monday.
PGIM Investments: How will fund selectors position portfolios in the year ahead?
Against a confusing backdrop, our latest study reveals a pronounced preference for active management solutions among fund selectors. Access the findings for insights on attitudes, allocation plans, manager preferences and more.
Firesale in China!
China faces a complex challenge as it aims to further stimulate its economy amidst a relentless property crisis while avoiding the repercussions of a devalued currency. It’s a delicate tightrope walk that could see the nation persistently offloading US bonds and equities.
The Chinese government is poised to inject an additional one trillion yuan into its faltering economy. The persistent property sector woes show no signs of abating and are now seeping into banking, construction, and retail.
‘Facebook Effect’ in Luxembourg reshapes private equity in EU
Amid the sustained growth of Luxembourg’s private markets, propelled by ongoing onshoring and the growing acknowledgment of its robust legal frameworks, Investment Officer sat down for a conversation with Claus Mansfeldt, president of the Luxembourg Private Equity & Venture Capital Association (LPEA).
EU talks put AIFMD review back on track, unscathed
Proposed amendments to EU rules for alternative investment funds have passed through technical discussions in Brussels without much damage. The outcome of these ‘level 1’ talks means that the AIFMD and Ucits review now is back on course to be completed shortly. The EU’s presidency is expected to issue a statement next week.
Will EU exempt finance from its corporate conscience?
European authorities are speeding up negotiations on the final text of the so-called Corporate Sustainability Due Diligence Directive (CSDDD, also known as the CS3D). Before the end of this year, the European Commission, the European Parliament and the European Council want to reach an agreement on it.
Ethenea pivots multi asset fund to pure bond strategy
Ethenea has received approval from Luxembourg regulator CSSF to remove equities, precious metals and commodities from its Ethna-Defensiv multi-asset portfolio, transforming the fund into a pure bond strategy.
Of the 280 million euro in the fund, which had had a multi-asset portfolio since 2007, 14 percent is currently invested in European government bonds, 80.5 per cent in high-quality corporate bonds and 5 per cent in high-yield bonds.