Investment Officer Luxembourg

European investment funds continued to experience net outflows for a sixth consecutive month as investors withdrew twice as much from Ucits and alternative investment funds during June compared to May, according to the European Fund and Asset Management Association, Efama. 

Net sales of Ucits and AIF funds registered net outflows of 72 billion euro, compared to net outflows of 36 billion euro in May, the association said. Ucits recorded net outflows of 69 billion euro, compared to net outflows of 33 billion euro in May.

BLI - Banque de Luxembourg Investments on Thursday said that it has appointed Fanny Nosetti (photo) as chief executive officer. The appointment means that Guy Wagner now can “focus entirely” on his role  as chief investment officer, managing the firm’s flagship, 1.8 billion euro BL Global Flexible Euro fund and continuing to refine the investment approach he has developed with his teams. Since 2005 Wagner served both as CEO and CIO.

Low-risk stocks do better in the long run than high-risk stocks. For the record, this story equates risk with movement or, in stock market jargon, volatility. In itself, this is not the correct definition of risk. The flip side of risk in the form of volatility is opportunity.

Growth in funds registered as Reserved Alternative Investment Funds, known as Raifs, in Luxembourg has increased considerably in the first half of this year , according to an analysis of data from the Luxembourg Business Registry by Investment Officer Luxembourg.

“In accordance with Article 105(1) of the Treaty, the primary objective of the ESCB shall be to maintain price stability.”

Luxempart, a Luxembourg-based investment and private equity company, on Wednesday said it has acquired a 8.4 percent stake in Nexus AG, a German-based publicly listed hospital software provider in Europe through a capital increase of 72.5 million euro.

Luxempart, a Luxembourg-listed investment and private equity company, has posted a consolidated net loss of 55.4 million euro for the first half as its investment income was hit by “extremely choppy” conditions in financial markets and the economy.

The loss compares to a profit of 499 million euros in the same period a year earlier. The firm said it maintained its net assets at 2.078 billion euros by the end of June, down slightly from from 2.169 billion a year earlier.

Dividends worldwide rose by 11.3 percent in nominal terms in the second quarter of 2022 to a historic quarterly record of 544.8 billion dollars, the latest Global Dividend Index report by Janus Henderson shows. 

If the strong US dollar and other underlying factors are taken into account, underlying growth is even stronger at 19.1 percent. Some 94 percent of companies surveyed either paid out more in the second quarter or kept payouts stable.

Cube Infrastructure Managers, a Luxembourg-based infrastructure investor, has agreed to take over the Czech activities of Germany energy firm MVV Energie AG for an undisclosed amount. The transaction would  be done through Cube IM’s “Cube Infrastructure Fund III” brownfield fund.