Brexit: de facto equivalence seen as boon for Luxembourg
It is over a year since the end of the transition period that saw Brexit come into full effect and as regards financial services regulation, the UK still appears to be searching for a new direction. Or maybe this is the plan. Could the strategy be to talk about change for a domestic political audience, while keeping real divergence to a minimum?
European ESG debt issuance almost doubled in 2021
Issuance of ESG debt in Europe almost doubled last year as more sovereign and supranational issuers entered the market and governments adopted sustainable finance programmes. The Association for Financial Markets in Europe sees more growth this year due to greater participation by the corporate sector and the potential of the ESG securitisation market.
Schroders: Putin and the Fed remind us what risk looks like
The Ukraine crisis highlights the need for investors to be ready for risks.
Buying when cannons roar?
Conventional stock market wisdom says investors should buy when the cannons roar and sell when the stock market hears the clarion call. The cannons are literally roaring today. But does this reasoning hold true?
Author Ben Carlson has written extensively on the relationship between war and stock market performance. However, the relationship between geopolitical crises and market performance is not as obvious as you might think, he argues.
UBS AM: European supermarket ratings under pressure
In 2022, default rates in the high yield segment of developed markets will turn out to be historically low. According to experts at UBS Asset Management, the trend this year will be for issuers to upgrade from high yield to investment grade.
What Putin’s aggression means for markets
Global financial markets are on tenterhooks on Tuesday, 22-2-22, after Russian President Vladimir Putin late on Monday recognised the separatists in the east of the Ukraine’s and ordered his troops into Ukraine’s Donetsk and Luhansk regions.
Putin’s aggression means investors now face fresh uncertainty as the ongoing geopolitical developments will have consequences for the economy, for monetary policy, for cohesion among European countries and for transatlantic relations.
Luxembourg Raifs attract a global audience
Luxembourg Raifs appeal to clients worldwide, January data from its business register shows. QIC, the Queensland Investment Corporation in Australia, issued an infrastructure investment Raif together with Carne Global. Ocorian supported Singapore-based SilkRoad with a new real estate fund.
On the way to a new recession?
The difference between US 10-year and 2-year yields has fallen to around 45 basis points. That is a flattening of the US yield curve of almost a full percentage point in the last four months. It raises the question of whether a new recession is imminent.
Podcast: FundRock's Parain sees future in global distribution
Luxembourg has a promising potential to further build on its global hub status for investment funds by encouraging management companies to expand their businesses into international fund distribution, according to Xavier Parain, CEO of FundRock, Luxembourg’s largest third-party manager of investment funds.