Willi Oberbeck, a fund selector at DZ PRIVATBANK, tells why he already started using alternative Ucits funds more than six years ago, long before demand for absolute returns started to really heat up.
Fund buyers in Luxembourg are reducing exposure to expensive US equities and are increasing their allocation to Europe. They have a preference for index trackers.
The Columna Commodities Fund, which pretends to invest in “a range of commodity-linked assets”, has suspended redemptions. It claimed this was due to a failure to liquidate two of its investments.
Many investors invest in absolute return funds to reduce correlations with equity and bond markets. In this video interview, Frank Reisbol, managing director of Banque Carnegie Luxembourg, argues these investors are fooling themselves.
In part two of this video interview, Frank Reisbol reveals what an alternative Ucits strategy needs to pass his strict litmus test.
Columbia Threadneedle Investments is looking to beef up its presence in Luxembourg prior to the UK leaving the European Union.
Here you can see a selection of photos from Expert Investor Luxembourg, held on the 16th of June at Le Royal.
The gold price is the best performing asset class year-to-date. And declining production combined with robust demand from Asia means the outlook for the yellow metal is rosy, said Mark Lacey, manager of the Schroder ISF Global Energy Fund. But others challenge his view.
With the Brexit referendum now less than a week away, it’s time to ask the question whether the risks associated with a Leave vote are now more or less priced in or whether it does still pay to hedge your exposure to European equities and sterling.
Against a backdrop of macroeconomic uncertainty, most fund selectors based in the Grand Duchy intend to increase their allocation to long/short equity funds. They also follow the other main trends: buying emerging market equities and corporate bonds, and selling US equities and government bonds.
Frank Reisbøl, MD of Banque Carnegie Luxembourg, is always looking for high-conviction, often smaller, managers for his multi-jurisdictional clients. But not those who chase every last basis point, since that could risk his main objective – value preservation.
European pension funds have increased their allocation to mutual funds from 19% in 2008 to 31% in 2014, according to a research report by PwC which was commissioned by the Association of the Luxembourg Fund Industry (Alfi).
