Panel d'experts

The Belgian UCI tax on Luxembourg funds remains a longstanding point of contention between the two countries. However, a recent ruling by the Ghent Court of Appeal has delivered significant legal and tax advantages for Luxembourg Sicavs.

Interest in water funds, like sustainable investing more broadly, has recently waned among investors. This marks a departure from the peak during the COVID-19 pandemic, which saw significant inflows. Although there are more than 40 different funds in this category, only a few manage the majority of the assets.

C’est acté : Donald Trump fait son grand retour sur la scène politique américaine. Investi d’un mandat clair des électeurs, et pouvant s’appuyer sur une majorité républicaine au Congrès, il disposera d’une marge de manœuvre plus importante que lors de sa dernière présidence. Les investisseurs obligataires ont toutefois fait preuve d’une certaine réticence à l’annonce du résultat, la semaine dernière.

Donald Trump’s comeback in American politics is a reality. With a strong mandate from voters and a Republican-controlled Congress, he now has more leeway than in his previous term. Bond investors have reacted cautiously to last week’s election outcome.

L’élection de Donald Trump suscite un certain nombre d’incertitudes. Il faudra attendre d’obtenir davantage de convictions sur le cours que le nouveau président va adopter concernant certains thèmes cruciaux pour connaître l’impact du verdict des urnes sur l’économie américaine, le commerce international et les tensions géopolitiques. Cela n’a toutefois pas empêché les petites capitalisations américaines d’anticiper le scénario le plus favorable pour elles.

The Dutch regulator the Authority for the Financial Markets (AFM) has investigated managers who make use of an exception to the licensing obligation in the Dutch Financial Supervision Act (Wft) and only fall within the ambit of a registration obligation. These are the «small» managers (the «light managers»).

The election of Donald Trump as President of the United States brings a range of uncertainties. Only once more clarity emerges about the course that will be taken on key issues will the full impact of this election result on the U.S. economy, international trade, and geopolitical tensions become clear. However, this did not prevent investors in U.S. small-cap stocks from taking a speculative advance on favourable scenarios for them.

Martin Groos unpacks the journey of the European Long-Term Investment Fund (Eltif) since its promising launch in 2015, and explores whether recent reforms under «Eltif 2.0» will finally deliver success.

Les fonds d’allocation flexibles disposent généralement de multiples possibilités d’adapter leur allocation d’actifs. Leurs gestionnaires ont en outre la liberté d’ajouter au portefeuille des catégories d’actifs alternatives – souvent, de l’or.

Flexible allocation funds typically have broad latitude to adjust their asset allocation. Additionally, their managers have the freedom to add alternative asset classes to the mix, with gold being a well-known option.