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‘21% of European open-ended funds promote sustainability'

More than a fifth of European Ucits funds claim to be compatible with Article 8 or 9 of the new European Sustainability Regulation SFDR in their prospectus. ‘Interpretation of the definitions varies greatly, with some managers taking a much looser approach than others,’ notes head of sustainability research at Morningstar Hortense Bioy in conversation with Investment Officer.

ING merges Benelux investment offices

ING has merged the bank’s investment offices in the Netherlands, Belgium and Luxembourg. ‘The aim of the operation is to become stronger together,’ says Bob Homan, who heads up the Investment Office which now employs 50 people.

The rationale behind the merger is that the investment offices of the country organisations actually do the same work. ‘They focus on research, asset allocation, selection of instruments and communication,’ says Homan in an interview with Investment Officer. The merger did not cost any jobs.

Asset management: 5 turbulent years ahead

Some predict technology will undermine the rationale behind the investment fund. Others see it driving greater sophistication, and a narrowing of the gap between the asset manager and the wealth manager. Yet the message is clear: although Luxembourg can congratulate itself on recording €5trn assets, it must be sufficiently agile to adapt.