Investment Officer Luxembourg

The European automotive sector is going through a challenging period. Troubling developments have put pressure on the stock prices of European car manufacturers, leading to a decline in their significance within the global equity market. This comes at a time when the weighting of the global automotive industry in the worldwide stock index is at its highest level in over two decades.

The number of candidates taking CFA exams has declined again, according to the latest figures. At its peak in 2019, over 270,000 individuals registered, but the most recent figure stalled at 163,000. As is often the case, there are likely multiple explanations for this trend.

The collapse of Prime Minister Michel Barnier’s government has pushed France to a critical juncture, marking what some economists are calling “the end of the free ride” for a country long criticised for its fiscal indiscipline. Bond markets meanwhile embrace Denmark as a best practice example for the eurozone.

Most fund houses believe the US stock market offers the best opportunities for high returns next year, despite already high valuations. In contrast, the outlook for Europe is bleak.

This week’s overview of appointments includes news from Lombard Odier, Waystone, Allianz Global Investors, Stepstone, Stibbe, AKD Luxembourg and the European Bank for Reconstruction and Development (EBRD).

In a world filled with chaos and uncertainty, Saxo Bank’s Outrageous Predictions once again offer a fascinating glimpse into the minds of scenario planners.

This autumn, regulators tightened rules in three parts of the European fund sector: the Eltif 2.0 rules, outsourcing of portfolio management by Luxembourg funds, and the evolving rules for tax transparency in the Netherlands.

Institutional investors worldwide are accelerating their shift towards sustainable private markets, according to three studies conducted by L&G, Schroders, and Montana Capital Partners. They are increasing allocations to ESG-focused sectors such as renewable energy, healthcare, and infrastructure.

ING Luxembourg is transferring approximately 18,000 retail clients with basic daily banking needs to BGL BNP Paribas.