Of all net sales of funds in Europe last year, Luxembourg stood for 45 percent.
News site Asset Servicing Times has read the 2018/2019 report from ALFI, the Association of the Luxembourg Fund Industry, noting for example that its members’ assets under management (AuM) of exchange-traded funds increased by a stunning 49 percent in 2018.
A centre for sustainable funds
In the same nation and period, private equity funds grew 17 percent and loan funds 25 percent.
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Further, the report saw 39 percent of Europe’s sustainable funds being Luxembourg-based, just like 27 percent of European UCITS and alternative investment funds.
ALFI has just changed chairman, with Corinne Lamesch replacing Denise Voss.