ALFI: Luxembourg’s share of net sales in funds in Europe hit new record high
21 June 2019 Luxembourg
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Luxembourg’s share of all net sales in European funds hit a record high at 45 percent in 2018, according to the Association of the Luxembourg Fund Industry (ALFI) 2018/2019 report.
ALFI found assets under management (AuM) of exchange-traded funds grew by 49 percent in 2018, while AuM for private equity funds saw a 17 percent increase in AuM for private
equity funds and an increase of 25 percent for loan funds.
According to the association, these figures attest to investors’ continued trust in Luxembourg, and why Luxembourg remains the largest EU fund centre and the second-largest in the world after the US.
ALFI also found 39 percent of European sustainable funds are currently based in Luxembourg, while Luxembourg holds the largest market share (26.8 percent) out of the 10 leading European UCITS and alternative investment funds domiciles.
Ireland has 16.3 percent of the market share, while Germany has 13.3 percent.
Denise Voss, former chairman of ALFI, said: “If there is something that I’d like to be remembered for, it would be financial education.”
“Dedicating ALFI’s 30th anniversary celebration to this vital issue and inviting key stakeholders to discuss it helped put financial literacy and education on the public agenda and created positive momentum for it.”
On 19 June, Voss was replaced by Corinne Lamesch who has been a member of the ALFI board of directors since June 2017.
ALFI found assets under management (AuM) of exchange-traded funds grew by 49 percent in 2018, while AuM for private equity funds saw a 17 percent increase in AuM for private
equity funds and an increase of 25 percent for loan funds.
According to the association, these figures attest to investors’ continued trust in Luxembourg, and why Luxembourg remains the largest EU fund centre and the second-largest in the world after the US.
ALFI also found 39 percent of European sustainable funds are currently based in Luxembourg, while Luxembourg holds the largest market share (26.8 percent) out of the 10 leading European UCITS and alternative investment funds domiciles.
Ireland has 16.3 percent of the market share, while Germany has 13.3 percent.
Denise Voss, former chairman of ALFI, said: “If there is something that I’d like to be remembered for, it would be financial education.”
“Dedicating ALFI’s 30th anniversary celebration to this vital issue and inviting key stakeholders to discuss it helped put financial literacy and education on the public agenda and created positive momentum for it.”
On 19 June, Voss was replaced by Corinne Lamesch who has been a member of the ALFI board of directors since June 2017.
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