Investment Officer Luxembourg

Elon Musk’s announcement by tweet that Tesla’s customers will soon be able pay for their car in bitcoin has triggered a discussion about the viability of the digital currency between investment banks and asset managers. Should bitcoin be included in investment portfolios or shouldn’t it?

Any faint optimism that a memorandum of understanding between financial services regulators might fill in gaps in the Brexit Trade and Cooperation Agreement were dashed this week when the text was leaked. In the fund sector, attention now turns to the extent to which UK and EU decision makers will use product and marketing rules to further their political-economy agendas.

There’s no reason to worry about the recent rise in interest rates and the threat of inflation. The important thing is to select companies that somehow have, or will have, the wind in their sails. Banks, tech companies and companies that will benefit from the infrastructure boom are particularly attractive now, according to Joakim Ahlberg, portfolio manager of the North American Stars Equity fund at Nordea Asset Management.

The number of cross-border funds registered globally recorded its slowest growth since 2009 last year. At the same time, however, Luxembourg strengthened its position as leading global fund hub according to the PwC Luxembourg Global Fund Distribution survey.