Luxembourg Raif market is alive and kicking again
With 29 new funds registered, last month was the best September in three years for new Raifs issuance, data analysis by Investment Officer Luxembourg shows. Raifs are Reserved Alternative Investment Funds. In Luxembourg these vehicles in recent years have gained significant international traction among those active in private assets such as credit, real estate and private equity.
Ten old and ten new safe havens
US 10-year yields have risen above 5 per cent. As a result, earnings yield - the inverse of the P/E ratio - has fallen below bond yields for the first time this century. With that, equities look vulnerable. The days of TINA are over for good, there is an alternative again and that is bonds.
« Les marchés sont très prudents avec la prise en compte de futures hausses des taux d'intérêt »
« Rétrospectivement, nous aurions pu être un peu plus assertifs concernant les actions américaines », estime Luc Aben. L’économiste en chef de Van Lanschot Kempen opte actuellement pour une légère sous-pondération des actions, avec un accent régional sur le Japon.
Les T-Bills, toujours un refuge alors que le Moyen-Orient s'embrase ?
Les risques d’escalade du conflit opposant Israël au Hamas sapent l’intérêt pour les obligations d’État américaines comme valeur refuge.
A European Nasdaq? ‘Luxembourg, I beg you. Build it.’
Luxembourg, take the initiative for a European Nasdaq market. Take your expertise in financial structures and pioneer this change, says Finnish VC investor Riku Asikainen, managing partner and founder of Evli Growth Partners, or EGP, which hosts one of Europe’s biggest scale-up breeding grounds.
Italy’s Debt Landscape: A Déjà Vu of 2012 or Worse?
As Italy’s 10-year interest rate hovers around 5 percent, flashbacks to late 2012 become inescapable. A time not far off when Italy’s place in the Eurozone was in question. Could we be on the brink of another debt crisis?
Many in the investment world have a myopic view, focusing intently on ‹the spread›, especially with nations deep in debt. As per the International Monetary Fund (IMF), Italy currently boasts a rather ‹admirable› debt-to-GDP ratio of 144 percent - and this pertains only to public debt.
Geopolitical tensions reshape investors’ trust in Treasuries
The escalating conflict between Israel and Hamas challenges the appeal of US government bonds as a traditional safe haven.
Typically, geopolitical tensions drive short-term market moves towards safer assets like cash and US government bonds. However, on Wednesday, the yield on ten-year US government bonds increased by 0.07 percentage points to 4.9 percent, its highest since 2007. The 30-year bond yield also rose to 5 percent.
Top 5 des fonds d’actions émergentes : une décollecte malgré les perspectives réjouissantes
DL‹intérêt marqué que manifestaient les investisseurs pour les actions des marchés émergents semble faiblir. Au troisième trimestre, les fonds ciblant les marchés émergents ont au final connu une décollecte, alors même qu’ils ont surperformé ceux des marchés développés et que les perspectives de rendements sont désormais réjouissantes.
Despite growth, Luxembourg private equity still concentrated
Luxembourg’s alternative investment funds (AIFs) continued to show resilience and growth last year, even amid economic headwinds, navigating economic challenges with private equity funds at the forefront of market momentum, according to the latest annual market overview by the Grand Duchy’s financial supervisor.
« La part de marché des ETF actifs pourrait doubler en Europe »
State Street prévoit une croissance significative du marché des ETF actifs en Europe. Ciaran Fitzpatrick, Head of ETF Solutions Europe chez State Street, n’exclut pas un doublement de la taille du marché, actuellement de 30 milliards d’euros.