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Luxembourg fund assets reach record
Posted: 22 February 2013
Figures from the Luxembourg fund industry association, ALFI, show that assets of Luxembourg domiciled funds hit €2.383trn at the end of 2012, an increase of 13.7% over the previous year. Net sales through the year were €123.1bn. At the end of 2012 there were some 3,841 investment funds domiciled in Luxembourg, with 43,836 share classes.
"Assets under management have not only grown in Luxembourg, but in Europe as a whole, partly due to increasing market values, but also thanks to significant new inflows into investment funds. We are pleased with this return of confidence in investment funds," said Marc Saluzzi, chairman of ALFI.
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