Investment Officer Luxembourg

Morningstar has announced the finalists for the 2024 Morningstar Awards for Investing Excellence Luxembourg. Twelve funds are nominated for a Morningstar Category Award, and six asset managers are shortlisted for a Morningstar Asset Manager Award.

The awards recognise those funds and asset managers that have served investors well over the long term and which Morningstar’s Manager Research team believes will be able to deliver competitive risk-adjusted returns over time.

The Grand Duchy of Luxembourg accounts for 36% of UCITS assets globally, indicating numerous advantages to domiciling an investment fund here. However, as the investment landscape evolves, its competitiveness is diminishing, particularly in comparison to jurisdictions such as Ireland.

This week’s overview of transfers, appointments, promotions and other people news includes updates from Pictet, Crestbridge and PwC Luxembourg. 

That Japan unexpectedly slipped into recession will make the market care. Profits of listed companies are soaring, and share prices are peaking. Investors say there is much more in store, but the yen must continue to cooperate.

Goldman Sachs already refers to the “Seven Samurai” in its notes to clients, alluding to the classic Akira Kurosawa film, later remade in the US as “The Magnificent Seven.”

Luxembourg’s lawmakers are making strides in proposals aimed at alleviating the tax burden on actively managed Exchange Traded Funds (ETFs), aligning their fiscal treatment with that of standard passive ETFs, a senior industry voice made clear on Tuesday.

Luxembourg’s financial sector grapples with a stark wake-up call as concerns mount over its nonchalant stance towards impending cyber regulations outlined in the Dora Act; a prominent politician’s apprehensions highlight critical questions surrounding banks’ preparedness and the looming specter of potential sanctions.

In comparison to some other European countries, including Luxembourg and Germany, investors in the Netherlands appear hesitant to embrace the new generation of Eltif funds at the moment. Questions to private banks and wealth managers in the Netherlands reveal a restrained level of enthusiasm.

In the pursuit of an inclusive and engaging workplace, the European Central Bank (ECB) emphasises respect, talent development, and diversity, as per its official website. However, recent remarks from ECB board member Frank Elderson and President Christine Lagarde have sparked concerns and raised questions about the bank’s commitment to diversity of opinion.