‘Securitisation law requires update to match Ireland’
Luxembourg’s securitisation community is up in arms over watching competitor Ireland retain its role of EU leader in financial vehicle corporations and in series, despite optimism just last year over this country’s still-shiny securitisation law updated last year. The Irish implementation included provisions giving companies tax minimisation options that they can’t yet get under Luxembourg law.
ShareAction: Fund managers miss mark on fossil fuels
In a damning report unveiled this week, non-profit organisation ShareAction exposed that a mere 10 out of 77 asset managers worldwide have taken steps to limit investments in the most damaging fossil fuels across all their investment funds. The report, which delved into the practices of major global asset managers, urged the firms to urgently confront the challenges of climate change and biodiversity loss by reassessing capital allocation strategies and engaging with the companies they invest in.
JP Morgan AM: alternatives are ‘absolute necessity’
The negative correlation between bonds and stocks is no longer a certainty due to structurally higher inflation expected in the coming decade.
As growth slows, Quintet prefers defensive investments
More exposure to low-volatility European equities, high quality bonds in the U.S. and a bit in liquid hedge funds, and less to high quality European corporate debt, lower quality corporate bonds and gold. These are the portfolio shifts Luxembourg-headquartered Quintet Private Bank advises to its clients in its latest midyear investment outlook.
Luxembourg in catch-up mode as Ireland leads in ETFs
Ireland has cemented itself as the biggest international ETF domicile – leaving challengers such as Luxembourg having to play catch up. Some Dublin-based fund specialists, however, believe that Luxembourg is not entirely left without options.
Falling inflation is ‘only silver lining’ for market outlooks
May saw a 6.1 percent increase in consumer prices in the EU compared to the previous year, the lowest level since February 2022 and slightly lower than economists’ predicted 6.3 percent. In the United States, inflation has now dropped below 5 percent, the lowest level in two years.
Schroders : Globalisation reset: which economies and markets stand to benefit?
Globalisation reset: which economies and markets stand to benefit?
CSSF: Luxembourg fund assets decline 0.19% in April
Luxembourg investment funds experienced a slight decrease in net assets during April, reflecting market fluctuations and uncertainties. The total net assets amounted to 5,139 billion euro as of 30 April 2023, down 0.19 percent from the previous month’s figure, according to financial supervisor CSSF.
Compared to April last year, the volume of net assets has decreased by 6.17% percent.
Housing: timing and luck
To give me a better life than they had, my parents helped me develop a strong work ethic and invested heavily in my education. Just like them, at the age of 30, I bought a 4-bedroom house suitable for raising a family in. Their investment paid off.
If only this was true.
Education
My parents moved from Ireland to Luxembourg in the 1980s. Even though they did not receive a higher education, they were quickly able to find jobs and subsequently buy a house and raise a family. I wish I could do the same.
GP Bullhound sees 2023 as ‘great vintage’ for tech
A stellar performance of a small number of listed tech companies is largely responsible for the recent recovery in public stock markets. For Ben Prade, partner at international tech investor GP Bullhound, it remains to be seen whether this can serve as a full market revival. Nevertheless, he is upbeat about the prospects for private tech investments, saying 2023 can become “one of those really great vintages”.