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).
European pension funds have increased their allocation to mutual funds from 19% in 2008 to 31% in 2014, according to a research report by PwC which was commissioned by the Association of the Luxembourg Fund Industry (Alfi).
A Luxembourg UCITS fund is becoming a recognised global brand, said Denise Voss, the new president of the country’s fund industry association.
Luxembourg, Europe’s biggest largest domicile for Ucits funds, is looking for diversification. The country wants to attract more alternative investment funds, and non-Ucits funds which focus on sustainable investing.
A survey by the Association of the Luxembourg Fund Industry reveals what the average Luxembourg-domiciled REIF might look like
