‘Benelux becomes ING’s global fund factory’
Frédéric Degembe, Chief Investment Officer of ING Belgium, is enthusiastic about the unified Investment Centre announced by parent group ING. “It’s a growth story in which Brussels can play a key role,” he said.
Morningstar: PIMCO and Robeco in Global Corporate Bonds (EUR Hedged)
Eurozone corporate bonds delivered a return of 4.2 percent over the past twelve months (as measured by the Morningstar Eurozone Corporate Bond Index), while their US counterpart, the Morningstar US Corporate Bond Index, lost 1.8 percent in euro terms. The currency effect was crucial here.
Global gold ETF holdings surge, doubling in two years
Assets in gold ETFs and ETCs have more than doubled worldwide in just two years, rising from nearly 200 to 439 billion dollars. “In the current gold rally, these instruments have gained significant momentum.”
Transfers: ABBL, BIL, Deloitte
This week’s overview of people transfers and appointments includes updates from banking association ABBL, Banque Internationale à Luxembourg, and Deloitte Luxembourg.
Fed poised to cut rates as investors warn of stagflation-lite scenario
With inflation still running close to 3 percent, investors warn the Federal Reserve may be cutting into a “stagflation-lite” backdrop: weaker growth alongside stubborn price pressures.
Why a zero allocation to crypto is hard to justify
Should you invest in crypto? A fundamental question for every investor. In a paper, Ran Duchin, David H. Solomon, Jun Tu, and Xi Wang reach a surprising and provocative conclusion.
Pensions: the missing link in European venture capital
Pension funds represent a strategic reservoir to finance innovation and the climate transition in Europe. Despite estimated assets of 2.7 to 3.55 trillion euro, their exposure to venture capital remains marginal: barely 0.1 percent of portfolios, according to a study published by European Women in VC, Pensions for Purpose and Venture Connections.
ING to cut 124 Luxembourg jobs in retail, business banking retreat
ING Luxembourg has put hard numbers on the human cost of its strategic retreat into private and wholesale banking. Up to 124 jobs are set to go.
Capital Group | Four charts on why the US economy is so resilient
The United States economy is at a crossroads. Here are four charts to help explain why the US economy may continue to show resilience.