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The Association of the Luxembourg Fund Industry (ALFI) announces that assets under management of Luxembourg domiciled funds reached EUR 4 037.14 billion (EUR 4.037 trillion) as at 30 September 2017. This represents a 7.9% increase since the beginning of this year and is mainly due to net sales.
Denise Voss, Chairman of ALFI, explains: "This increase in AUM clearly demonstrates the confidence that asset managers, fund distributors and investors have in our fund centre." She continues: "Luxembourg is the second largest fund domicile after the US. The growth of assets under management has been quite spectacular with the increase from 3 to 4 trillion taking merely 3 years. Luxembourg funds are now distributed in over 70 countries around the world and we now have 4 110...
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