Investment Officer Luxembourg

A positive performance in global financial markets stemmed net capital outflows in Luxembourg during the month of June, leaving the grand duchy’s investment funds with a net positive balance of 35.191 billion euro at the end of the month, according to data from financial supervisor CSSF.

The increase represents the balance of negative net capital investments - or outflows - of 15.302 billion euro and of the positive development of financial markets amounting to 50.493 billion euro.

This week’s overview of people transfers and appointments in the fund and asset management industry includes new moves at Axa Investment Managers, Apex Group, Ocorian, Pinsent Masons, Columbia Threadneedle, Gen II Fund Services, Crestbridge, Baker McKenzie and Capex.com.

Asset managers worldwide have made little notable progress in achieving their sustainability goals since 2021. Particularly in the United States, parties are becoming less inclined to persuade companies in their portfolios to move away from fossil fuels.

The Luxembourg Sustainable Finance Initiative (LSFI) on Wednesday launched a new toolkit to support financial professionals in navigating the complex maze of the European Union’s sustainable finance regulation.

Investment managers are shifting fund investments towards Exchange Traded Funds (ETFs) at the expense of traditional mutual funds. The shifts are clearly visible both in Ireland and Luxembourg, Europe’s two leading hubs for ETFs, according to insights from LSEG Lipper. BlackRock was the biggest-selling fund promoter in the first half, accounting for more than half of all European ETF inflows.

It was June 2014, and I was flying back from Lisbon for an exciting interview at J.P. Morgan Bank Luxembourg. Landing this job would validate that getting a master’s degree was worth it. I was thrilled about being part of our fund industry.

There could be no delays in my travel plans. I was scheduled to land at 13:15, and the interview was set for 14:00. Fortunately, a friend picked me up, giving me enough time to put on my suit and share my excitement about interviewing for a leading bank.

German bank Commerzbank on Tuesday said it has taken a significant step in its asset management business by spinning off its active asset management segment into a new stand-alone boutique called Yellowfin Asset Management GmbH. 

There is an unwavering demand on the debt as well as on the equity side of private markets, writes Martin Groos, member of the management board at Universal Investment Luxembourg.

The European Insurance and Occupational Pensions Authority, known as Eiopa, on Monday published its Insurance Risk Dashboard for the first half of 2023. This assessment showed macroeconomic exposures as the most significant concerns at this time. 

The global economy has experienced several major shocks in recent years. A period of normalisation has now begun. Once the dust settles, we’ll see if there are any differences from the pre-pandemic world. To discover these, we must seek out striking and deviating patterns.

When the international freight traffic was disrupted during the pandemic, economists began paying closer attention to overseas container transport. Over the last two years, a development has emerged that you could rightly call worrying for Europe.