Investissement

It has been a dire and highly volatile stock market year so far. The opportunity for active investors to make a difference and outsmart the market. Fine words notwithstanding, more than three quarters of active managers have failed again this year. “The biggest cause of active funds’ failure is their inability to survive.”

This is according to the latest Morningstar European Active/Passive Barometer, a semi-annual report that compares the performance of European-based active funds with passive funds in their respective Morningstar categories.

Luxembourg’s government is proposing to simplify the corporate income tax process for investment funds which have overseas investors or subsidiaries by reducing their risk of being subjected to full Luxembourg anti-tax avoidance corporation tax. The changes of the “reverse hybrid rule” seek to remove doubt from how to deal with tax exempt entities.

Le 23 juin 2016, les Britanniques ont surpris les marchés financiers avec leur décision de quitter l’Union européenne. Depuis cette date, le pays est en proie à des incertitudes croissantes, avec une avalanche de problèmes et de controverses, tant sur le plan politique qu’économique. 

Alors que la revalorisation des fonds SFDR bat son plein, les fonds vert clair n’ont pas échappé à la violence du marché cette année. Les fonds de l’article 6 et de l’article 8 ont connu une importante sortie d’actifs. Les fonds les plus verts ont réussi à attirer de nouveaux actifs.

Europe should not count on a traditional economic recovery. Due to second-round effects, inflation will widen further by 2023. And, ING chief economist Carsten Brzeski says, don’t count on gas prices coming down either. Nay, on the contrary, the real energy crisis will come next year. 

As might be expected, the US 10-year - 3-month yield curve has also turned negative. This inversion means that the two traditional yield curves with the longest and most reliable track record as recession predictors are now negative. By itself that’s is no reason to sell equities, or any asset class for that matter.

Luxempart, a private equity firm listed on the Luxembourg bourse, said on Thursday that it has generated a “significant” investment return by selling the bulk of its stake in Swiss diagnostic radiology firm Rimed to diagnostic services provider Unilabs.

Après deux trimestres dans le rouge, les fonds d’obligations internationales à haut rendement ont achevé le troisième trimestre sur une belle avancée. Il serait toutefois prématuré de parler de retournement de tendance.

Despite ominous forecasts, the German stock market is also participating unhindered in the rally that most markets saw in October. The DAX index rose 8.4 per cent last month.  This is striking, as virtually all indicators point to a very bleak outlook for the eurozone’s largest economy. Is the German economic model faltering?

In order to merge two Italian telecom firms, Luxembourg-based infrastructure investor Marguerite said on Thursday that it has restructured its holdings in Italian fibre and data activities through an agreement with Asterion Industrial Partners, an investment firm focused on mid-market European infrastructure