T. Rowe Price introduces Luxembourg-based US equity fund
Fund based on existing US strategy
Fund based on existing US strategy
Deal will also see the Luxembourg Stock Exchange become an investor in the data and tech provider
Luxembourg asset managers have reported a 31% spike in jobs since 2016
Oeics and unit trusts shed over £40bn worth of foreign assets in 2018
Prudential’s life and asset management business eyes opportunity in private markets
Boutique prepares to lose passporting on Richard Pease fund
From blue passports to pensions, Portfolio Adviser examines the most read Brexit stories of the year
Financial investigator David Mapley has launched a campaign to seek the return of $400,000 (£307,092) for a client who invested in the failed Columna Commodities fund.
Luxembourg and Ireland are the top jurisdictions set to benefit from asset managers shifting operations to new locations over the next five years, according to a State Street survey.
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.
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).
M&G Investments has begun to transfer the assets of four UK-domiciled open-ended funds with assets of around £9.3bn to equivalent funds on its Luxembourg platform.