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.
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.