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November 26, 2020

UK plans its own ESG taxonomy

A separate UK ESG investing taxonomy and a couple of foreign-fund access regimes that replicate EU rules are some of the ways the London government is considering using its post-Brexit powers. Meanwhile in Luxembourg, the CSSF is working to reduce …
November 25, 2020

Tax planning: how Biden’s election impacts Luxembourg

What is the outlook for taxing US multinationals under a Joe Biden presidency? Even as the noise and belligerence subside, some fundamental differences of view will persist across the North Atlantic. What can firms using Luxembourg as an EU base expect …
November 23, 2020
Asset Allocation,Investing

‘Equities can return up to 16% in 2021’

‘It's a good time to be a bit more bullish again,' says Jeroen Blokland, head of Robeco's multi-asset team. Especially for equities and commodities, the asset manager is counting on double-digit returns. Robeco anticipates returns of 10-16% for equities …
November 20, 2020

UK extends post-Brexit market access for European funds

The UK financial regulator FCA had extended market access for investment funds from the European Union beyond the end of the transition period following Brexit for up to three years. Alternative investments funds, however, are excluded from the so-called …
November 19, 2020
Private Banks

Bank Delen's René Havaux: ‘We would like to do more acquisitions’

Bank Delen would like to do more acquisitions in the Benelux, says its CEO in an interview with Investment Officer. ‘The Luxembourg market is difficult though, because of the fiscal differences. So we would need to buy a local Luxembourg player with local …
November 18, 2020
Asset Allocation,Investing

‘Biden victory confirms dollar bear market’

The dollar will depreciate by another 10-15% over the next 3 to 5 years as the election of Joe Biden as the 46th president of the United States has drastically reduced the risk of a trade war, according to currency strategist Aaron Hurd of State Street …
November 17, 2020
Asset Allocation,Investing

'No good entry point yet for energy stocks'

Oil stocks have never been so cheap, but there are no signs yet that prices have bottomed out. We’re still waiting for a turn in market sentiment, say head of Automated Intelligence Equity Tjeerd van Cappelle at NN Investment Partners and NN Energy fund …
November 16, 2020
Private Banks

What risk to Luxembourg banks post Covid?

The withdrawal of economic support post-pandemic could cause a shock for Europe’s banks akin to the global financial and eurozone crises, reckons the ECB. How well prepared are Luxembourg’s banks for any potential future financial crisis? ‘In a severe but …
November 13, 2020
Asset Allocation,Investing

JP Morgan AM: US equities make way for Europe and EM

The American exceptionalism will finally make way for outperformance of European and EM equities, according to JP Morgan AM’s annual long-term capital market assumptions. ‘The American exceptionalism of recent years has been dominated by technology …
November 11, 2020
Asset Allocation,Investing

Outperformance without big tech? It’s possible!

In recent years it has been impossible for global equity funds to beat the index without a substantial allocation to the FAMANG stocks. But the Global Disruptive Opportunities fund of CPR AM, a boutique of Amundi, has done it. We asked fund manager Wesley …