M&G shifts €39bn to Luxembourg as Brexit looms
M&G Investments is planning to transfer €39.1bn (£34.2bn) worth of non-sterling UK assets to Luxembourg to hedge against possible risk ahead of Britain’s exit from the European Union.
Luxembourg
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German fund managers storm up ranking table
Analysis by Berlin-based research group Scope ranks all funds in German market – both domestic and foreign – on a range of criteria.
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Columbia Threadneedle to move EU client assets ahead of Brexit
Columbia Threadneedle Investments has launched 13 Sicav versions of Oeics ahead of the UK’s exit from the European Union as the asset manager prepares to switch EU-based investors out of its UK-domiciled range into Luxembourg-domiciled alternatives.
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Selectors prefer growth GEM funds but value performs better
European fund selectors expressed a preference towards growth emerging market funds over value during the last six months. However, Europe’s top performing funds allocated a greater weighting towards value stocks during the period.
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Alfi chief: regulation overload hindering industry
The glut of hefty EU regulations introduced this year do not always complement each other, complains Alfi chair Denise Voss.
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How to prosper in a low-margin environment
The asset management industry is facing significant new challenges and active managers need to adapt or risk irrelevance, according to an expert at PwC.
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Franklin Templeton ‘repositions’ fund to focus on climate change
Franklin Templeton Investments has “repositioned” its existing Global (Euro) Fund to focus on companies actively reducing their carbon footprint which it expects will boost returns.
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Aberdeen Standard Investments to set up Dublin hub
Global asset manager Aberdeen Standard Investments (ASI) is to establish an investment and distribution business in Ireland to complement its existing Luxembourg operation and shore up its European offering ahead of Brexit.
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Dollar beats sterling as money market funds start 2018 strongly
US dollar denominated money market funds topped the charts in terms of inflows for January this year, while UK sterling funds saw the biggest outflows from this sector, according to the latest Thomson Reuters Lipper data.
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Luxembourg fund industry grows 11.18% in 2017
Luxembourg’s popularity as an international fund management centre helped boost assets under management (AUM) in the tiny Duchy by 11.18% in 2017 to reach €4.16trn, according to the Association of the Luxembourg Fund Industry (ALFI).
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Iberian and Luxembourg selectors keen to buy rather than sell
Spanish, Portuguese, and Luxembourg fund selectors are looking to expand their holdings of a large range of assets over the next 12 months and only intend to sell a few, mostly in the fixed income sector, according to Expert Investor research.
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Luxembourg
What do Luxembourger fund buyers think of all the major asset classes?