Luxembourg 2014

YouthConcerns are growing that Luxembourg’s negative rating for tax transparency standards will scare off supranationals and large institutional investors. Stefanie Eschenbacher finds the move is perceived as a politically motivated one.

SqueezeAsset managers may have to raise the total expense ratios on their funds as the cost of regulation is squeezing their margins. Stefanie Eschenbacher reports on the cost implications of Ucits V and the Alternative Investment Fund Managers Directive.

FriendsThe Ucits regime is speeding ahead of itself. As it enters its sixth phase, increasing complexity means there is a need to consult more with non-European regulators, Nick Fitzpatrick finds.

Camille ThommesLuxembourg has been sidelined in Hong Kong’s mutual fund recognition agreement with China. Camille Thommes of the Association of the Luxembourg Fund Industry talks to Stefanie Eschenbacher about the future of Ucits, alternative investment funds and socially responsible investment.

The Grand Duchy’s new government, Ucits fund governance, and costs are some of the topics debated by our industry panel. Edited by Nick Fitzpatrick.

Jean-Daniel ZandonaA consensus is developing about the outcome for Europe’s funds industry in light of retrocession bans, says Jean-Daniel Zandona, director, sales management & fund solutions, at Credit Suisse.

PillarsBehind the hullabaloo of its Ucits industry and the emerging AIFMD sector, Luxembourg is building a third ‘pillar’ based on responsible investment. Nick Fitzpatrick reports.

Trapeze womanRisk profiles of alternative investment funds are completely different than those for Ucits products. This is an issue vital to the success of the AIFMD brand, say Norddine Bennani and Dominique Marchal, of Bennani & Marchal Associates.

Asset managers need the help of asset servicers as the Alternative Investment Fund Managers Directive, Ucits V and a whole lot of other regulation hits the industry. The participants of our roundtable in Luxembourg discuss in which areas their clients lag, where the limitations of their help is and how blind dating – introducing clients to a corporate network – is becoming increasingly popular. Edited by Stefanie Eschenbacher.

Sponsored Profiles

SPONSORED FEATURE: Smarter than beta

Jun 14, 2017

‘Smart beta’ investing is rapidly becoming a popular alternative to both conventional passive management and traditional active management.

SPONSORED FEATURE: Smart beta: Unlocking key drivers of return

Jun 14, 2017

Manuela Sperandeo, iShares Head of Specialist Sales EMEA, tells Funds Europe how investors can leverage smart beta strategies to target numerous outcomes.

SPONSORED FEATURE: Minimum variance indices: Rewriting the rules

Jun 14, 2017

The FTSE Russell indices tracked by lyxor lead to fewer specific risks, fewer valuation and crowding issues and more consistent performance.

SPONSORED FEATURE: The reflationary environment

Jun 06, 2017

Funds Europe talks to Andreas Wosol about the implications of a return to reflation and why the value part of the European equity market could support investors in such an environment.

Executive Interviews

INTERVIEW: Finding managers that can (and do)

Apr 18, 2017

Fabrice Kremer, a fund selector at Banque de Luxembourg Investments, has berated fundamental managers for failing to beat indices, but he remains committed to active funds. He speaks to Nick...

JERSEY INTERVIEW: ‘A steady sort of place’

Mar 21, 2017

The chief executive of Jersey Finance is keen to portray the island as a stable, trustworthy jurisdiction. He talks to George Mitton.

Roundtables & Panels

TRENDING: Smart beta indices continue onward march

Jun 14, 2017

We asked five investment experts how smart beta indices have performed against cap-weighted indices over the past year and what the investment outlook suggests about the prospect for different investment factors.

SMART MONEY: Following the smart money

Jun 14, 2017

We asked six investment professionals about the emphasis they are placing on smart beta and active ETFs and how platforms are adopting these products.