Swing pricing now ‘common practice’ in Luxembourg
Swing pricing “has become common market practice” in the Luxembourg fund sector to manage liquidity at times of volatility in the market, according to a recent industry survey by the Association of Luxembourg Fund Industry.
‘EU sustainability reporting rules need global alignment’
Global asset managers are concerned that the European Union’s regime for corporate sustainability reporting does not fully match their needs and that it could risk making Europe less attractive for international investors as the rules remain to be aligned with an alternative international approach that is gaining traction in international accounting discussions in the IFRS community.
Bond funds see 5th straight month of net outflows in May
European bond funds experienced a fifth straight month of net outflows in May as inflation continued to rise and markets anticipated tightening of monetary policy in Europe and the United States, according to data on 29 countries posted by the European Fund and Asset Management Association, Efama.
Private markets increasingly open for retail investors
More lenient EU regulations are about to make it possible for providers to offer private investment funds to private investors. Private products such as semi-liquid funds and European Long Term Investment Funds, or Eltifs - which can be marketed also to retail clients under a European passport, often via Luxembourg - will gradually change the private equity landscape. “The split that the market currently finds itself in will then be resolved,” said Wim Nagler, head of institutional clients at Schroders.
CSSF warns funds offering crypto assets not supervised
Private consumers seeking to invest in virtual assets through investment funds, despite the massive losses incurred by investors in certain cryptocurrencies, should be aware they are doing so without the protection of financial regulatory oversight, Luxembourg financial regulator the CSSF said.
The CSSF document was titled “Notice to private consumers in the context of investment funds providing exposure to virtual assets”.
New LSFI working groups to address ESG challenges
The Luxembourg Sustainable Finance Initiative, a public-private body known as LSFI, has decided to create four new working groups to help the industry better come to grips with challenges posed by Environmental, Social and Governance issues.
ODDO BHF AM: It’s all about timing
After a cataclysmic first half of the year, and with the economic outlook in developed countries deteriorating, prudence would prompt a withdrawal from risky assets. But is caution always a good advice?
UK debt collector Arrow opens Luxembourg office
Manchester-based distressed debt trader Arrow Global Limited has announced it is opening an office in Luxembourg in order to benefit from the Grand Duchy’s position as a global investment fund hub and to put in place “the optimum infrastructure” to support investment strategies for its debt funds.
ECB commits to more assertive defence of eurozone cohesion
While closing the door on a seven-year era of negative interest rates with a larger than anticipated rate hike, the European Central Bank on Thursday committed itself to a more assertive defence of cohesion between the 19 economies that use the euro. President Christine Lagarde described the move as “a rather historical moment”.
ECB Watch: Not good, not bad but dangerous!
Time and again I look for it. And every time I do not find it. What is it about? I look for the word “money growth” in interviews and speeches by board members of the European Central Bank. That is strange and revealing at the same time.