ECB shows no signs of considering a rate pause
The European Central Bank (ECB) may not openly acknowledge it, but behind the scenes, goodwill is slipping away. Goodwill represents the intangible, invisible value of a company. When applied to a central bank, it refers to the willingness to make unpopular decisions in the short term, such as raising interest rates when inflation skyrockets. Since 2021, the ECB has squandered much of its goodwill, but during June, it has managed to regain a fraction of it.
ShareAction challenges complacency on ESG investments
ShareAction, a UK-based international charity advocating for responsible investment, on Monday launched a new definition of “responsible investment” with the aim of raising standards across the financial sector while combating greenwashing and misleading claims.
Global managed assets witness first decline in 15 years
Global managed assets decreased by four percent to $255 trillion in 2022, marking the first decline in fifteen years, according to the new Global Wealth report by Boston Consulting Group (BCG). However, global savings increased by over 6 percent during the same period.
Tax experts anxiously await clarity on ATAD-3 text
Luxembourg’s financial sector has faced a wave of tax avoidance legislation in recent years. But the impact of the earlier measures is likely to pale in comparison to the EU’s latest – the third Anti-Tax Avoidance Directive, known as the “Unshell directive”. Luxembourg tax specialists are anxious about its potential impact on the widespread use of shell companies, often known as ‘special purpose vehicles’, in Luxembourg company structures.
PGIM Investments: Actively investing through a slowdown
PGIM asset managers share their perspectives on the shifting landscape and provide insights on key trends and investment opportunities for the second half of 2023 and beyond.
ABBL claims success in lobbying effort on third-country branches
The association representing Luxembourg’s banking industry has claimed success in its lobbying effort to persuade the EU to amend the rules governing the prudential requirements and the supervision of third-country branches to its satisfaction. The association said Thursday that a series of subsequent amendments preserve the attractiveness of the EU as a financial centre towards the rest of the world.
Small investors don’t understand interest rates, but returns are ‘excellent’
Private investors do not know what rising interest rates do to their investments. Despite this, they said they achieved solid returns even when blood ran through the streets.
Can you afford not to invest in Asia and emerging markets?
Asia’s growth story is well known. But Asian equity markets are far from homogenous, and this creates attractive opportunities for stock pickers. Find out more.
Schroders: How do private equity co-investments work and what are they used for?
There are many ways to invest in private equity. As more investors can now access this asset class, we describe the advantages of co-investing and include some key case studies in Europe.
Eltif 2.0 is powering a wholesale private equity transformation
Through various legislative acts over the past 10-15 years, the EU’s push to democratise private markets has transformed how private equity does business, with a heavy helping of technology and fund management tools allowing for what could be a massive influx of smaller-denominated investors. Market participants are feeling their way forward into the new paradigm, some being quite certain that change has now come in the impending form of the new European Long-term Investment Fund.