AXA IM: Getting past the growing pains of the digital economy
Jeremy Gleeson, Portfolio Manager and head of AXA IM’s Technology investment team explains why investors should not let short-term volatility nerves curtail their potential gains from long-term, fundamentally sound megatrend growth themes.
Luxembourg picks Schroders as ManCo in climate action
Luxembourg’s Ministry of Finance has chosen asset management firm Schroders and its impact investment unit BlueOrchard as industry partners for a new climate action partnership. Schroders will serve as the management company for the finance ministry.
BlueOrchard has been appointed as the investment manager for this climate impact strategy, the firm said in a 16 June press release announcing that it had won an international tender process.
Luxembourg retains lead as funds hub, Ireland catches up
Although its overall market share contracted slightly, Luxembourg last year held on to its number one spot among Europe’s top 10 investment hubs for both Ucits and Alternative Investment Funds, with a market share of 26.8 percent, compared to 27 percent that was reported for the previous year, according to the latest annual reported released by the Association for the Luxembourg Fund Industry, or Alfi. Ireland’s share of the pie increased to 18.6 percent last year from 18 percent reported for 2020.
JP Morgan AM and Pictet both launch new impact funds
JP Morgan Asset Management and Pictet separately announced the launch on Tuesday of new climate change solutions funds. Both funds seek to invest in companies that have aligned their products and services with the UN’s Sustainable Development Goals, known as the SDGs.
At Apex, Luxembourg inspires a global business model
At Apex Group, present in Luxembourg also with management companies such as FundRock and LRI Invest, each new acquisition and partnership announcement marks a waypoint on its long-term strategic journey. That journey still has some way to go, Apex’s founder and CEO Peter Hughes said in an interview with Investment Officer. “In terms of what the potential is, half-way certainly feels about right.”
CSSF tells AIFMs to use eDesk for marketing notifications
Luxembourg’s financial supervisor CSSF on Monday ordered alternative investment managers to exclusively use a new ePassporting module in its eDesk electronic reporting portal to share notifications for the marketing of investment products registered in the Grand Duchy.
ODDO BHF AM: Bull & Bear – It's not all about recession
Regardless of the more or less realistic scenarios of the evolution of the conflict in Ukraine, what are the 3 main catalysts to restore investor confidence?
Chart of the week: are profits the next domino?
The global economy is cooling significantly and a large number of countries are at risk of recession. Equity valuations have fallen sharply in recent months, but do not yet reflect a drop in profits. And that is exactly what is in store.
CSSF clarifies new rules for financial sector outsourcing
New rules, new details and a new terminology regarding financial sector outsourcing are being introduced by Luxembourg’s financial regulator CSSF with the presentation of its widely discussed ‘circular 22/806’. These changes, with significant consequences for the use of IT and cloud services, bring greater clarity within the regulatory framework.
PGIM Investments: The Comeback of Cities
As pandemic recovery continues, central business districts no longer resemble ghost towns. Offices are reopening, rents are rising, and companies are signaling plans to hire.