Luxembourg

Advisers and managers have some legislative developments to catch up on following Luxembourg's approval of a draft bill of law which will modify the law on Specialised Investment Funds (SIF), the investment vehicle of choice for non-UCITS in Luxembourg....

Martin Currie is looking to add to its Luxembourg domiciled Sicav range, with the launch of a UCITS IV compliant global emerging markets fund later this year, subject to regulatory approval.

Swiss & Global Asset Management has spoken strongly in favour of the German economy predicting it will grow by more than 3% for the second year running.

The first quarter 2011 witnessed the launch of 500 mutual funds registered for sale in Europe, compared to 762 newly launched funds over the same period in 2010.

The Fund aims to provide UK and European institutional and professional investors with attractive real returns that have minimal correlation with other traditional asset-classes.

A predicted wholesale shift by offshore hedge funds to re-domicile under EU UCITS legislation is unlikely, according to a survey by RBC Dexia and KPMG released today.

HSBC Global Asset Management has launched the first CIVETS fund making it available to both retail and institutional investors globally.

Up to 1,500 investors in Keydata-style life settlement-backed products have been told they will receive a fraction of their expected return because the bonds failed to get regulatory approval.

Andrew Swallow, an IFA with clients affected by the Keydata debacle, is calling on other advisers linked to its International Traded Life Policy fund to unite with him to force more information from the administrators.

Investec Asset Management has launched three new funds for its Luxembourg-domiciled GSF range - which utilise full Ucits III powers in the energy, natural resources and currency sectors.