After years of disappointing returns, Carmignac's flagship Patrimoine fund is showing signs of recovery. In the first half of 2025, the fund outperformed its benchmark by 9.5 percent. Yet investor scepticism persists: the fund still saw net outflows of …

Last week’s disappointing US labour market data do more than just reignite the debate about interest rate cuts. They open the door to a scenario that bears a striking resemblance to 1998, the year in which pre-emptive rate cuts by the Federal Reserve …

As the Netherlands transitions to a new pension system, one of the world’s largest institutional investor groups, collectively managing nearly two trillion euros, is quietly preparing to pivot away from long-dated government bonds. This shift, driven by …

Longer withholding tax reclaim windows can be useful but faster recoveries deliver better results than relying on default timelines. Acting early allows investors put recovered cash to work sooner. In my previous contribution , I covered Taiwan’s recent …

Luxembourg has taken a new step in modernizing its sovereign debt with the issuance of fully digital treasury certificates based on blockchain technology. Limited to 50 million euro, the transaction of these six-month zero-coupon notes may seem like a …

Allianz Global Investors and JP Morgan Asset Management take different paths to multi-asset income: one prioritises yield, the other favours balance. Morningstar compares their approach. Some investors seek regular payouts from their portfolios. While …

Now that several major trade deals—however skewed and ambiguous—have been announced, markets are left searching for the next catalyst to keep the bull market alive. One likely candidate can be found in some rented office space in Washington. Following a …

ESG investment funds in Europe have sharply increased their exposure to defense stocks, according to new Morningstar data that offers the most comprehensive look yet at how sustainable finance is responding to geopolitical pressure. The findings come from …

This week’s overview of senior appointments and leadership changes includes updates from Aon France, Allianz Benelux, Mimco Capital, and SnapSwap. Aon France Aon has appointed Liliane Spiridon as chief executive officer of Aon France. She joined the …

Luxembourg is pulling out all the stops to cement its position as a magnet for global private capital. With a sweeping new tax regime for carried interest proposed by Prime Minister Luc Frieden’s centre-right government, the Grand Duchy is making it …

Carmignac’s flagship fund stages a comeback, without the crowd

Déjà vu: from Internet revolution to AI revolution

Dutch pension funds are rethinking government bonds

WTax: The hidden cost of extra time

Luxembourg lays foundation for a digital sovereign debt strategy

Morningstar: Allianz vs JP Morgan in multi-asset income funds

Chart of the week: The Next Catalyst

ESG funds increasing exposure to defense, data confirms

Transfers: Aon, Allianz, Mimco, and SnapSwap

Luxembourg’s new carry tax regime reflects global ambitions