Luxembourg 2015

ChainA number of depositary banks in Luxembourg say it is safe to trade in the Hong Kong-Shanghai Stock Connect programme, despite investor-protection concerns for Ucits funds. Nick Fitzpatrick finds out why.

Bing Li, who heads the asset management division of Chinese bank ICBC, joined our Luxembourg roundtable to discuss how Luxembourg and China’s asset management industries are connecting with each other. Chaired by Nick Fitzpatrick. 

TaxThe funds industry in Luxembourg pays €1 billion a year in tax – a tenth of the country’s fiscal take. But critics claim the Grand Duchy been colonised by a financial elite. David Stevenson reports on the unfolding tax controversy.

AntennaMore than 400 limited partnerships have been created since Luxembourg introduced a new, Anglo-Saxon-style structure in a bid to attract alternative funds. David Stevenson looks at the Grand Duchy’s place as a service centre for this category of investor.

Luxembourg on mapLuxembourg may be more expensive as a fund domicile, but this has to be looked at from the perspective of cost versus market reach, says Fundsquare’s Olivier Portenseigne.

Singling out delegation of responsibilities as an outstanding issue, Luxembourg asset servicers outline the work completed – and still necessary – for them and their clients to make the Alternative Investment Fund Managers Directive fully operational.

Tipping pointIn asset management, operational change is not only a necessary response to regulation but an opportunity for firms to become more successful, says  Thomas Pfister of Confluence.

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.