Luxembourg eases creation of Eltifs from existing private funds
Creating European Long-Term Investment Funds (Eltifs) as sub-funds under existing alternative investment funds has become a bit easier in Luxembourg. Firms no longer need to fill out a separate CSSF approval form for a new sub-fund when adding an Eltif-class to an existing fund.
Interest boost helps Luxembourg banks navigate challenges
The 2024 Luxembourg Banking Insights study by KPMG Luxembourg has revealed a remarkable surge in net interest income, driven primarily by the European Central Bank’s interest rate hikes.
UBS : les Pays-Bas face à un exode de millionnaires
Le nombre de millionnaires aux Pays-Bas diminuera dans les années à venir, car de nombreux entrepreneurs opérant à l’international transféreront leur fortune vers d’autres régions du monde. C’est ce qu’indique la banque suisse UBS dans son Global Wealth Report présenté mercredi.
Fund Radar : un bon deuxième trimestre pour les actions émergentes
Les marchés émergents ont signé un deuxième trimestre très honorable ; l’indice Morningstar EM TME affiche un rendement de 5,75 % en euros. Sur l’ensemble du premier semestre, il gagne 10,73 %.
Nomad millionaires are about to exit the UK, Netherlands, UBS says
Nomadic millionaires increasingly relocate in response to structural changes in the global economy and that means there will be fewer of them by 2028, according to a report by UBS. Luxembourg, meanwhile, remains the country with the biggest number of millionaires per capita, the Swiss bank said.
Biggest wealth transfer ever set to begin
The next decade will witness the largest wealth transfer in history.
In Luxembourg, wealth starts with an income of at least €365,000
If you want to be considered wealthy in Luxembourg, you’ll need to earn an annual gross income of at least 365,000 euro.
BlackRock brings indexing to private markets with Preqin acquisition
BlackRock’s strategic 3.2 billion dollar acquisition of U.K. data firm Preqin opens the door towards indexing private markets and can be seen as a defensive move against the threat of private equity.
Luxembourg to publish new Eltif registrations every month
Luxembourg’s financial regulator CSSF plans to make public an online register of European long-term investment funds (Eltifs) at the end of this month.
Van Lanschot Kempen eyes bigger market share in Belgium
Amsterdam-based investment firm Van Lanschot Kempen is keen to expand its market share in Belgium.