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.
IO Talks: Apex’s Christian Hertz on Luxembourg ManCos
This Luxembourg edition of IO Talks is about developments in the realm of management companies, popularly referred to as “ManCos”, in Luxembourg. Mancos are an key component of the asset services ecosystem in the grand duchy.
IO Talks interviews at the Alfi conference
Investment Officer spoke to a range of actors in Luxembourg asset services and alternative investments universum during Alfi’s 2023 European Asset Management conference. This playlist brings all interviews together. It includes, among others, Silke Bernard at Linklaters, Micaela Forelli at M&G, Denis Harty at Waystone Luxembourg and Emmanuel Gutton at Alfi.
IO Talks: State Street’s Luke Brereton on blockchain at investment funds
This Luxembourg edition of IO Talks hears about the latest developments in the realm of blockchain technology in the asset management and investment industry.