Morningstar awards for M&G, Schroders, Candriam, Cartesio
Funds managed by M&G, Schroders, Candriam and Cartesio on Wednesday emerged as four respective category winners in the Morningstar Awards for Investing Excellence 2023 in Luxembourg.
Luxembourg Women in Finance Charter launched
A total of 69 signatories representing the Luxembourg financial sector on Wednesday marked International Women’s Day 2023 by signing the newly launched Luxembourg Women in Finance Charter, seeking to improve gender diversity in the grand duchy’s financial centre.
The initiative, supported by the Luxembourg finance ministry, seeks to achieve greater gender balance and inclusivity across the Luxembourg financial services industry. Finance minister Yuriko Backes will act as the charter’s patron.
Carmignac: When it comes to inflation, investors shouldn't be complacent
Carmignac: When it comes to inflation, investors shouldn’t be complacent
Morningstar set for Luxembourg investment awards
Investment research firm Morningstar is set to announce the winners of the 2023 Morningstar Awards for Excellence in Investing in Luxembourg.
A total of 12 funds were nominated in the categories global equity fund, best Europe equity fund, best Euro bond fund and best Euro allocation fund. Morningstar also has selected six nominees for its Best Asset Manager and its Best Asset Manager Sustainable Finance awards.
The winners will be announced at a Luxembourg ceremony on Wednesday evening at 20:30 local time.
Survey finds mixed understanding of digital
A survey conducted among 300 investment institutions, including asset managers, asset owners and insurance firms, has found a mixed understanding of digital assets among investment professionals. The results point to different levels of readiness to using digital assets and investment technology.
Jan van Eck: ESG investments require political intervention
The crusade against “woke capitalism” is entering a new phase in the United States now that Republican politicians turn against ESG policies in asset management. Jan van Eck, chief executive of the global ETF boutique carrying his name, this interference is fully justified, regardless of where one stands on ESG and sustainability investments.
Data users decry bourse’s ‘cash cow approach’
There’s a battle raging just out of view on Europe’s financial markets. It’s a fight between data originators – largely but not only the stock exchanges – and the data users – who could be anyone active on the markets – over the proposed “consolidated tape” which aims to improve access to trading data. Selling access has become “probably one of their biggest cash cows,” said a representative for Europe’s asset management sector, commenting on the position of the stock exchanges.
Apex continues acquisitions in Brazil
Apex Group Ltd, a Bermuda-based global financial services provider with a well-established record of acquiring companies, has announced its successful acquisition of Brazil’s BRL Trust DTVM after obtaining full regulatory approval, according to a Tuesday press release.
CSSF fines Intertrust over poor governance
Luxembourg’s financial regulator the CSSF announced last Friday afternoon that it had fined trust and corporate services provider Intertrust (Luxembourg) S.à r.l. nearly 200,000 euros at the end of last November for several failings. This included meeting professional obligations for IT risks as well as internal governance, the professional secrecy obligation and for required communication to the regulator.
‘Liquidity remains an issue in the new Eltif framework’
Less than a month after the European parliament adopted its updated regulation for Eltifs - the European long-term investment funds - the new framework may be showing its first cracks. The lack of liquidity remains problematic, and that makes it unsuitable for private investors.