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Luxembourg domiciled funds reached a new all-time record at the end of December 2017, with assets under management standing at EUR 4,159 billion , according to figures issued by the CSSF, the Luxembourg regulator. Assets under management increased by EUR 418 billion, growing 11.18% over the year.
"Net sales tripled in 2017 compared to 2016, going from EUR 99.6 billion to EUR 308.4 billion" says Denise Voss, ALFI chairman. During 2017, nearly 74% of the growth in AUM was from new money invested into Luxembourg funds. UCITS saw the bulk of investments but alternative strategies such as private equity and real estate saw growing interest from investors, too. The remaining increase in assets under management in Luxembourg funds during the year was a result of the impact of...
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