Allianz’s Bras: Green bonds are a good diversifier
Green bonds are becoming mature and are a good diversification in a portfolio because they provide above-average transparency, according to Julien Bras (photo), bond manager at Allianz Global Investors.
Bras argued that green bonds are an interesting way to get more diversification in bond portfolios. “The main argument for me to include green bonds in portfolio is their transparency compared to traditional bonds.”
Luxembourg needs a reform of EU social security rules
As Investment Officer knowledge partner, Universal-Investment’s Luxembourg country head Sofia Harrschar argues that reforming the EU regulation on social security would be in the interest of Luxembourg’s financial services sector and the many thousands that it employs. The industry meanwhile, needs to adapt quickly, look across the border and develop new ways of working.
CSSF: 23 of 120 Luxembourg banks not profitable in 2022
Total interest income at Luxembourg’s 120 credit institutions last year surged 39 percent as most banks were able to boost their margins from borrowing and lending activities on the back of higher central bank interest rates, according to data posted by financial supervisor CSSF. The supervisor also said, like last year, that 23 banks in the grand duchy were not profitable.
Ucits inflows more than double in January, MMF outflows surge
Net inflows for Ucits investment funds in Europe more than doubled in January when compared to a month earlier as investors regained trust in the economy and were feeling hope that the interest rate peak was in sight. Money market funds and alternatives funds however experienced a surge in outflows.
Data reported by the European Fund and Asset Management Association, Efama, showed that net inflows for Ucits funds rose to 43 billion euro in January, compared to 16 billion in December of last year.
EDB names Gejke, Neiman to senior leadership
Luxembourg-based European Depositary Bank, provider of banking, depositary and custody solutions, has named two women to senior leadership: Cecilia Gejke is now managing director and member of the executive management board and Gilda B. Neiman (photo) is now a member of the board of directors.
IO Talks: Linklaters’ Silke Bernard on Eltif 2.0 prospects
This Luxembourg edition of IO Talks hears about the latest developments in the realm of legislation around alternative investment solutions, and in particular European Long Term Investment Funds, or ELTIFs, and what they mean for Luxembourg.
PGIM Investments: The forecast favours all-weather alternatives
Michael Dicks, Chief Economist and Deputy Head of Research at PGIM Wadhwani, discusses the unique advantages that an agile liquid alternative strategy can offer as macro volatility appears likely to persist.
Banks pick up ‘cheap’ coco’s as CS debt goes up in smoke
Rabobank said it took advantage of the sharp fall in prices of deeply subordinated bonds of European banks to buy additional cocos. BlueBay Asset Management is also betting on the risky bank bonds after Credit Suisse coco shareholders saw their money go up in smoke.
Chart of the week: the Fed is freaked out
The Federal Reserve still raised interest rates by 25 basis points despite the banking woes. But not because it has high confidence that all will be well. Moreover, by not pausing once, it has again misled the market.