Investment Officer Luxembourg

Small caps have shown stellar performance this year, helped by an improved economic outlook. Valuations have risen, so are there still opportunities for investors? We asked Jan Willem Berghuis, head of small caps at Kempen Capital Management.

In recent weeks, the €1.2 billion Kempen Global Smallcap fund has taken profits on the biggest risers, adjusted weightings and spent time on new investment ideas, says Berghuis.

iShares has won the 2021 Morningstar Luxembourg Award for Best Fund House Overall. It’s the first time a passive asset manager wins the overall award.

According to Morningstar analyst Ronald van Genderen, the award means iShares has simply produced the best risk-adjusted returns after fees across the equity and fixed-income range in recent years.

The Amundi European Equities ESG Improvers Fund differs from other ESG funds in the sense that it does not necessarily invest in ‘expensive’ ESG leaders. ‘We try to identify the ESG leaders of tomorrow that have only relatively recently started to make progress on ESG’, says lead portfolio manager Suzanne Keane.

The AIFMD may not be perfect but it is pretty good, so please don’t reform it after the current on-going review by the Commmission. This was the uniform message from a discussion at the ALFI European Asset Management conference on 16 March.

Under the partnership, through its digital platform Moonfare will provide access to private market strategies for Fidelity’s institutional and wholesale clients. Fidelity says it is responding to ‘increasing demand from its investors for alternative investment strategies.