Fixed income in 2023: Invesco’s flexible approach for navigating market uncertainty
We are not in the business of crystal balls but, as we peered into 2023, it was clear that the outlook for the year to come would hinge on inflation. Specifically, had it peaked?
Costly outsourcing is not the solution
The CSSF has spent the last decade ramping up reporting requirements on fund management companies. In response, the fund industry has invested heavily in automation and now most reports are generated automatically.
If only this was true!
Luxembourg fund tax income flat as Raif proceeds surge
Proceeds from Luxembourg registration tax for investment funds remained flat at 1.3 billion euro last year as a small decline at Ucits funds was offset by a steep increase in proceeds from reserved alternative investment funds, or Raifs. The development reflects the growing importance of alternative investment for Luxembourg, although this market remains .
‘Private markets have reached an inflection point’
The upcoming arrival of retail investors in private markets, combined with economic headwinds and the need for technological innovation, have placed all private asset classes at an inflection point from where institutional parties need to make significant investments in efficiency, technology and skills, said a State Street report released on Monday.
AXA IM: Turning threats into opportunities - choose biodiversity for long term growth
Governments and regulators around the globe now recognise that immediate, quantifiable action on a large scale is needed to preserve the future of our planet.
PGIM webinar: Building portfolios with the best ideas in global credit
Join us on Monday 22nd May at 15:00, where Richard Piccirillo, Senior Portfolio Manager at PGIM Fixed Income, will identify credit sector opportunities and discuss the team’s best ideas in today’s volatile markets.
Chart of the Week: Look beyond inflation
The money supply is rapidly shrinking, something that rarely, if ever, happens. In the United States, the money supply is shrinking by more than 4 per cent on an annual basis. And while there is an endless debate whether you should look mainly at the money supply or the money supply, as far as I am concerned, the latter is the most important.
‘We look for stable businesses’
Claus Vorm, senior portfolio manager and deputy head of multi assets at Nordea Asset Management, underlines the importance of choosing companies with predictable and stable prospects over time, which deliver superior and less volatile performance. Without investing in energy, his 100 per cent equity fund managed to achieve a near break-even result in 2022.
‘Biodiversity credits needed to bridge $824 bln gap’
Current efforts to address global biodiversity loss are inadequate and face a financing gap of between 598 billion and 824 billion dollars per year, a new study has concluded. To address this gap, governments and businesses need to support the introduction of ‘biodiversity credit markets’, to be modelled in a manner similar to the carbon credit markets that already exist.
Degroof Petercam operating result declines 16%
Referring to a “challenging year”, Belgian investment house Degroof Petercam on Saturday said that its operating income fell 16 per cent last year on the back of a decline in commission income. The drop was mitigated in part by higher interest margins.
The bank, which has a major presence in Luxembourg as asset manager, posted 106.7 million euro in operating income for 2022, down from 126.6 million a year earlier. The privately held company did not provide a breakdown of this income.