Record-breaking streak continues for fund industry

Record-breaking streak continues for fund industry

The Luxembourg fund industry continued its pandemic recovery in July reaching a record €5.5trn in net assets under management, around €900m more than compared to February 2020, the last pre-pandemic month. Net assets in mutual funds dropped to €4.1trn in March 2020, the month that the World Health Organization declared the coronavirus crisis a global pandemic, from €4.6 trillion a month earlier. But it has been 16 months of steady growth since then, with funds first breaking the €5trn threshold in January this year and now reaching €5.5trn. Over the…

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Artel to strengthen position as a leading innovator

Artel to strengthen position as a leading innovator

Artel Electronics LLC (Artel), Central Asia’s leading home appliance and electronics manufacturer and one of Uzbekistan’s largest companies, continues to strengthen its Research and Development (R&D) position to bring new, innovative products to its customers. Artel’s custom R&D centre in Tashkent is one of the most extensive manufacturing research facilities in Central Asia. The centre’s designers, engineers and technicians develop new technologies to advance the next generation of contemporary products for the modern home. The expansion of Artel’s R&D centre is at the heart of the company’s forward-looking strategy. In…

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Studying the secret lives of insects

Studying the secret lives of insects

It is not only humans who migrate to the grand duchy. Luxembourg’s Minett region is buzzing with expat insect species like the praying mantis, who thrive in this curious environment. Entomologist Raoul Gerend explains. Located in the heart of northern Europe, Luxembourg is not renowned for its good weather. And yet sub-Mediterranean insects are increasingly finding their way to the sun-soaked meadows and grassy hills of the country’s south. “A good example is the praying mantis,” says Raoul Gerend, a primary school teacher and passionate entomologist. “It was seen sporadically…

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