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The Luxembourg fund industry had a very good year in 2017 with solid growth as reported by ALFI.
Luxembourg domiciled funds marked a milestone development in September when assets under management reached 4000 billion euros. This means that assets under management in Luxembourg funds have risen from EUR bn 3000 to 4000 in just 3 years. At the end of November 2017, AUM stood at 4135 billion euros, an increase of 458 billion euros or over 12% growth over the last 12 months.
Since last January, 73% of the growth in AUM was from new money being invested into Luxembourg funds – most into UCITS but also into alternative strategies such as private equity and real estate, with the remaining increase due to the impact of global markets. At the end of September...
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