News

September 2017
Two contrasting trends contributed to the decrease in our barometer, which dropped two points to settle at +26 this month. One the one hand, we have the positive manufacturing outlook for Luxembourg, but this could not make up for, on the other hand, the significant decline in the Eurozone's ZEW index.

July 2017
An improvement in morale among Luxembourg manufacturers has led our barometer to gain six points, while Eurozone analysts and investors are increasingly confident.

July 2017
Developed in collaboration with PwC Luxembourg, the BIL IMMO Index enables professional, institutional and private investors to immediately grasp the trends of the housing market on the basis of economic ratios and precise methodological analysis.

June 2017
Spain is the fourth largest economy in the Eurozone and one of the world's largest tourism destinations. The country felt the full brunt of the global financial crisis, sinking into a deep and prolonged recession that began to turn around in 2014, bolstered by excellent tourism performance, cheap oil, low interest rates, and economic reforms.

June 2017
Switzerland, the global leader in terms of cross border private banking and one of the largest asset management and fund distribution markets in Europe, was named the most competitive nation for the eighth year in a row by the World Economic Forum in 2016.

June 2017
A drop in morale among Luxembourg manufacturers has caused our barometer to fall by eight points, while Eurozone analysts and investors are increasingly confident.

May 2017
A slight drop in morale among Luxembourg manufacturers has caused our barometer to fall by one point, although Eurozone analysts and investors remain fairly confident.

April 2017
Our barometer has gained 8 points to reach +33, a level which is comparable to those achieved before the Brexit vote.

March 2017
Our barometer has dropped by one point this month, settling at +25. Despite good morale in Luxembourg, this drop is attributed to Eurozone economic results falling slightly below expectations.

February 2017
Our barometer gained traction this month, reaching +26, for the first time since April 2016. This improvement is mainly due to an uplifted mood held by Luxembourg manufacturers.

January 2017
Our barometer this month shows a slight increase over last month, settling at +14. This slightly renewed confidence is observed in Luxembourg as well as in Europe.

January 2017
Today, PwC announces the launch of its Asset & Wealth Management (AWM) Asia-Pacific Research Centre, headquartered in Singapore. With the support of the Singapore Economic Development Board, the AWM Asia-Pacific Research Centre aims to build capability in AWM in Singapore and across the region.

January 2017
The barometer is 7 points down from last month, settling at +7. This change is due to lower morale among Luxembourg manufacturers, which contrasts the country’s economic performance.

December 2016
As you know, the PwC Market Research Centre releases its Global Fund Distribution (GFD) Poster annually. Since its first edition, the annual poster has become a reference tool for asset managers who need a quick overview of the global cross-border fund market.


December 2016
Developed in collaboration with PwC Luxembourg, the BIL IMMO Index enables professional, institutional and private investors to immediately grasp the trends of the housing market on the basis of economic ratios and precise methodological analysis.


November 2016
Global consumer confidence remains strong, despite a slight decrease in Luxembourg’s manufacturing sector, which caused our barometer to drop a point to +15.


November 2016
FinTech companies can be seen as either a threat or an opportunity, and African banks are taking the later view.


October 2016
With Generations X and Y assuming more significant roles in the global economy, a Millennial outlook is emerging.


October 2016
More and more people are relying less on government funding for their retirement.


October 2016
Consumer sentiment in Luxembourg has improved greatly despite a mixed outlook at both the European and the global level. The PwC Barometer rose 12 points this month to reach +16.


September 2016
European ETF growth continues at a slower pace.


September 2016
With an expected EUR 24.6 tn in AuM by 2020, European Institutional Investors will play a major role in the growth of the asset management sector.


September 2016
The PwC Market Research Centre is launching a much anticipated project in collaboration with accelerando, a boutique asset management research firm. Together, we have teamed up to deliver a series of asset and wealth management country reports on the following European markets: France, Germany, Italy, the Netherlands, the Nordics, Spain and the UK.


September 2016
As the FinTech revolution advances, many asset and wealth managers (AWMs) seem to be waiting for their marching orders. According the PwC’s Global FinTech Report, 60% of AWMs surveyed fear losing part of their business to FinTechs, yet 34% still do not engage whatsoever with these new entrants.


September 2016
The barometer is at + 4 this month, sharply up from our last reading, but down from its June level before the referendum on Brexit.


August 2016
Over a fourth of the revenue of incumbent payments companies could be lost by 2020 due to competition from FinTechs. As the sector is well aware of the ongoing disruption, only 4% of the surveyed incumbents do not deal with FinTech.


July 2016
The banking sector is on the brink of disruption led by the disaggregation of simple products and service offerings. Traditional players must take action and prepare to compete in a market that is being redefined by FinTech companies.


July 2016
At +12, our barometer is up one point over last month. In Europe, the barometer has not yet reacted to the Brexit vote.


June 2016
Waning confidence in Luxembourg and Europe has caused our barometer to drop back to +11 this month, a 23 point drop from last month.


June 2016
In the insurance world, the sub-sector addressing existing challenges with new technologies is called "InsurTech", and it is making rapid inroads into the territory of traditional insurance providers.


June 2016
The social era is all about connecting people, ideas and things. The ubiquity of the internet and mobile devices is indisputable, and today it is difficult to imagine a world without instant messaging, online- communications and virtual interactions. Social media is a global phenomenon that is rapidly growing in countries all over the world regardless of economic, social and cultural development. The total number of active social media users now exceeds 2.3 billion, representing over 30% of the global population.


June 2016
When social media networks first appeared more than a decade ago, many thought that online communities would be merely digital places where young people connect and communicate in real-time with their peers around the world. Today, these social platforms are a common part of everyone 's personal and professional life, as well as a key component of many companies ' marketing mix.


May 2016
Developed in collaboration with PwC Luxembourg, the BIL IMMO Index enables professional, institutional and private investors to immediately grasp the trends of the housing market on the basis of economic ratios and precise methodological analysis. The index provides, on a scale of -3 (cold) to +3 (hot), a synthetic view of the Luxembourg housing market that relies on changes of seven weighted ratios to indicate a trend.


May 2016
Every month the MRC's team of economists issues this barometer for the Luxembourg and European economy. This indicator tracks recent fluctuations in the Luxembourg market and in the overall Eurozone.


May 2016
PwC MRC has released a report titled Sovereign Investors 2020, which details the current landscape, including market activity related to SWFs and PPFs.


April 2016
Every month the MRC's team of economists issues this barometer for the Luxembourg and European economy. This indicator tracks recent fluctuations in the Luxembourg market and in the overall Eurozone.


February 2016
The African financial sector is still dominated by banks. However, the stable development of the middle class is a strong indicator that the demand for asset management, insurance and retirement offerings will be growing. Together with an increased use of technology, rapid urbanisation and demographic changes, these are clear indicators for a rising demand for asset managers and fund advisors.


February 2016
Although the fund industry in Africa is, in most countries, still developing and has much to prove, global and local asset managers are likely to become more active as the industry continues to flourish.


January 2016
Given the significant evolution of the housing market in Luxembourg, Banque Internationale à Luxembourg (BIL) has created an IMMO Index that will deliver precise analysis of this market.


January 2016
Every spring, PwC Market Research Centre releases a Global Fund Distribution Poster, which provides the latest figures regarding distribution trends in the industry. In the interim, here's what's happening with fund distribution around the world.


November 2015
One of the biggest changes on the horizon in the asset management sector is the integration of new technologies that are being used to make financial systems more efficient. In fact, the fintech landscape is heavily populated and more actors are walking onto the stage every day.


October 2015
PwC has just released a report 'Capital Markets Union: Integration of Capital Markets in the European Union' that provides insights to help establish capital markets that are more accessible to finance companies, in particular SMEs.


September 2015
Pension funds fulfil a critical role in the economy as they channel the savings of millions of people into investable financial assets and convert them into post-retirement income.


September 2015
In 2014, total global pension fund assets reached USD 37.6 trillion. Pension funds in the majority of OECD countries (excluding the US) directed nearly 31% of their total pension investments, on average, to foreign investments.


July 2015
PwC Luxembourg recently released the 3rd edition of its European ETF Listing and Distribution Poster. In addition to a detailed evolution of the European ETFs listing and distribution landscape, this poster illustrates the top European stock exchanges for the listing of ETFs in 2015. It also shows the top 15 cross-border ETF management groups in terms of countries of distribution and provides a global ranking of management groups based on their ETF's cross-border fund distribution footprint.


July 2015
Technological developments are radically altering the way people communicate and interact with each other, and, as a consequence, the way people do business today. In the case of the fund industry, the distribution of funds is turning into a mere function of technology, as interactions with financial advisors are becoming increasingly virtualised and computers are starting to provide the services traditionally performed by humans.


July 2015
Retail fund distribution is in the midst of the most profound structural change of the past 50 years. The balance of power between legacy industry players (i.e. asset managers, institutional investors and distributors) has shifted in light of the recent regulatory agenda and the entry of new players (i.e. East-Asia asset managers and tech firms).


June 2015
A profound shift in demographics is around the corner. The global population is ageing at an unprecedented pace and the old-age dependency ratio for the world is forecast to reach 25.4% in 2050, up from 11.7% in 2010.


June 2015
The dawn of the 21st century for Africa has been significant. No longer content to play a subordinate role in the global economy, Africa has taken huge strides forward and is on the path to long-term growth. Its rise has been spectacular, surpassing expectations and garnering the interest of investors around the world.


June 2015
The report, Africa Asset Management 2020, is an in-depth study which examines the asset management industry across 12 African countries which have financial markets of varying levels of development.


June 2015
New research from PwC projects that traditional assets under management (AuM) in 12 markets across Africa will rise to around $1,098 bn by 2020, from a 2008 total of $293 bn. This represents a compound annual growth rate (CAGR) of nearly 11.6%.


May 2015
Non-cash payments have increased steadily over the past 10 years and are set to continue that trajectory for the near future as more and more people pay for things electronically. In fact, we expect the number of non-cash transactions to grow by 69% from 2013 to 2020. This would represent over one million transactions taking pace every minute.


May 2015
The average 5-year-old today might have a hard time reading, but they may navigate the world of apps better than their parents. Gen Xers who need to fix something in their house visit a hardware store-their kids consult YouTube. And when adults today want to pay for something, they reach for money or a credit card. Of course, there’s a much more convenient way to do this, too.


April 2015
When ALFI published its first guidelines in 2006, only four players had adopted swing pricing. But today, swing pricing has become an industry standard in the Luxembourg investment funds market and more and more promoters are applying it to protect the interest of long-term investors and to shield their funds' assets from elevated trading costs.


April 2015
As financial players steadily fill RMB Qualified Foreign Institutional Investor (RQFII) quotas, many are turning to Luxembourg as a domicile for their funds. Although the country has not officially been granted an RQFII quota, it plays an important role in the European RQFII market. Six of the eight Chinese asset managers who opted to launch investment funds in Europe via their Hong Kong subsidiaries have selected the Grand Duchy as a domicile for their funds: Harvest Fund Management, CSOP Asset Management (China Southern AM), China AMC, ARC China, AZ Investment Management, ICBC Investment Management.


April 2015
Luxembourg's fund industry kicked off the year with stellar performance. In January 2015, net sales were EUR 35 billion, the highest level in nearly a decade (since March 2006). Moreover, for the third year in a row, Luxembourg started the year with a record level of assets under management (AUM), which reached EUR 3,277 billion in January, 2015. Eighteen months of consecutive growth have put the Grand Duchy in a good position to reaffirm its status as the Eurozone's premier fund centre, after surpassing the EUR 3 trillion mark at the end of last year.


March 2015
PwC Luxembourg has released today the 16th edition of its annual Global Fund Distribution Poster at the ALFI Spring Conference 2015. Since its first edition, the poster has become a reference tool for asset managers. It provides a concise portrait of global distribution of cross-border funds (10,430 funds in 2014), their home countries, target markets and distribution trends. Additional features include a ranking of the top 50 cross-border management companies, their target markets and their main distribution platforms.


March 2015
The PwC Market Research Centre has just released the new version of its annual European Institutional Investors Poster. Since its first edition, the annual poster has become a reference tool for asset managers who need a quick overview of the European institutional market.


October 2014
A global survey of large institutional investors conducted by UBS Fund Services and PwC has revealed changing attitudes towards alternative investments and the impact of new regulations on the alternatives industry.


September 2014
Renminbi has quickly become the preferred currency of payment for millions of people, overtaking 12 countries outside of China during the past two years (January 2012 to August 2014). According to SWIFT's latest RMB Tracker, the currency is gaining traction with 35 percent more financial institutions using it for payments to businesses in China's mainland and Hong Kong. Since July 2013, European payments directly exchanged with China and Hong Kong in RMB have more than doubled. Europe now represents 10% of total RMB payments in value worldwide and is leading in adoption beyond Asian countries.


February 2014
Research from PwC predicts that global assets under management (AuM) will rise to around $101.7 trillion by 2020, from a 2012 total of $63.9 trillion. This represents a compound annual growth rate (CAGR) of nearly 6%.


February 2014
PwC Luxembourg has released today a comparative study of cross-border RMB centres, entitled Where do you Renminbi?, during the Renminbi Forum, hosted by Luxembourg for Finance in partnership with Clearstream at Philharmonie.


July 2013
The world today is much smaller than it used to be. Social Media is connecting people and the marketplace at an exponential rate. As time and space become more compact, lines of communication are opening up, financial institutions are becoming more transparent, and business models are shifting. According to a recent PwC/CACEIS report titled "#Social Media Studies - Asset Management in the Social Era", these changes are having a notable affect on the asset management industry. The Social Era is transforming the way we do business.


June 2013
CACEIS and PwC Luxembourg released their latest report titled "#SocialMediaStudies - Asset Management in the Social Era" during the Fund Forum International in Monaco today. For the report, CACEIS and PwC Luxembourg performed quantitative and qualitative analysis on more than 100 leading asset management groups worldwide in order to better understand their usage of social media.


March 2013
Today, PwC Luxembourg has released a new edition of its annual Global Fund Distribution poster. Since its first release, the annual poster has become an industry reference. The updated poster provides an overview on cross-border distribution in 2012, including cross-border funds, their domiciles, the multitude of target markets, fund management groups and distribution trends at a glance.


March 2013
PwC Luxembourg has just published the latest edition of its annual European Institutional Investor Poster. This third edition allows a quick, yet comprehensive overview of the European institutional market including the size and structure of the market, the asset allocation breakdown, the top locations and the largest investors. The poster also highlights the country origins and destinations of European portfolio investments outside Europe.