Investissement

Luxembourg’s finance minister has tabled a proposal to the grand duchy’s parliament to encourage the uptake of European long-term investment funds known as Eltifs. If adopted, the proposal will exempt Eltifs from requiring to pay the quarterly registration tax levied on Luxembourg investment funds.

Lawyers in Luxembourg expect that at least 20 new European long-term investment funds, known as Eltifs, will be registered in the grand duchy this year, even before the more liberal regulatory regime for these funds enters into force in 2024, researchers at Scope Fund Analysis said. 

Eltifs grew more than 50 percent last year into a 11.3 billion euro market, also buoyed by 4 billion euro in inflows. More than half of the 77 Eltifs available were registered in Luxembourg, according to the latest Eltif study by Scope Fund Analysis. 

Pour les fonds d’actions ciblant les marchés émergents, l’année 2023 a commencé comme s’étaient achevées la plupart des années civiles de la décennie, à savoir dans l’ombre des marchés développés. Malgré cette sous-performance quasiment structurelle, les investisseurs restent optimistes. En effet, sur neuf des dix années, les fonds de la catégorie Morningstar des actions des marchés émergents ont enregistré une collecte nette. Cette année a aussi bien commencé sur ce plan, car la catégorie est celle ayant affiché les plus forts afflux nets.

In the U.S., a surge in deposits from small to medium-sized lenders is leading to a credit crunch across the country as smaller financial institutions sell mortgages and bonds at record pace to offset losses. This looming crisis is causing concern within financial markets about how it will affect economic growth moving forward. 

Equity investors may be underestimating the potential consequences of a miscalculation of the Federal Reserve interest rate path. The market is already pricing in a Goldilocks scenario of stable economic growth and low inflation. It could be a costly misjudgment.

Institutional investors expect greater transparency when investing in alternative assets, mostly with risk management in mind, according to a new survey by Clearwater Analytics.

According to a poll of 254 institutional investors, representing over $10 trillion in assets under management, the two key benefits to achieving greater transparency in alts should be better risk management (72 per cent) and a better understanding of performance (54 per cent).  

Après avoir corrigé en 2022, les titres à revenu fixe des marchés émergents ont débuté l’année 2023 sous de meilleurs auspices. 

A total of 30 new Reserved Alternative Investment Funds, or Raifs, were added to the Luxembourg Business Register during March 2023, down from 40 in the same month a year earlier. During the first quarter, 15 percent fewer Raifs were registered than in the same period last year.

Tout investisseur qui suivait cette plateforme en 2012 bénéficiait d’‘informations privilégiées’. Et ce, grâce à Larry Fink, le président-directeur général de BlackRock. Il avait prédit que les États-Unis se trouvaient à l’aube d’une renaissance industrielle. L’année 2022 a confirmé la justesse de cette prédiction : 108 milliards de dollars ont été investis dans la construction de nouvelles usines (de production), ainsi que le montrent les données du Bureau du Recensement des États-Unis (Census Bureau).

A recent European Central Bank study calling for a regulatory framework to address instability in the market for Real Estate Investment Funds, known as REIFs, has been downplayed by a growing number of real estate specialists contacted by Investment Officer in Luxembourg and London.