The Luxembourg funds industry continued to expand over the last 12 months despite the eurozone crisis and declines in major stock indices. The number of funds in Luxembourg rose by 4.84% to 3,833 and net sales amounted to €16.998bn. While total AUM decreased over the period by €101.453bn, mainly as a result of market depreciation, total assets under management were still a steady €2,059.419bn, second globally only to the US.
Read moreThe main objective of this ALFI Position Paper is to outline ALFI’s recommendations with regard to providing Best Market Practice Guidelines on the treatment of subscription and redemption orders. This document presents an assessment of the current market practice, across a representative sample of Luxembourg fund industry participants, prepared by the ALFI UCITS IV Operations Working Group’s (serving under the ALFI TA & Distribution Forum). The recommendations are given from the perspective of global cross-border fund servicing of Luxembourg-domiciled funds.
Read moreOn October 25, 2011, EIOPA invited market participants and occupational pensions stakeholders to participate in the second consultation on the revision of the IORP directive. EIOPA requested input on all 23 areas of the Call for Advice, including the nine areas that were addressed in the first consultation in July/August 2011. To read ALFI’s response please click here.
Read moreALFI’s Key Investor Information Document (KID) Working Group is currently analysing the implementing measures adopted by the European Commission by Regulation n° 583/2010 of 1 July 2010, as well as related regulatory guidelines. By clicking here, you will access a document including questions and proposed answers about KID implementation and about using KID in distribution networks. Updates compared to the respective previous issue are shown in mark-up.
Read moreLuxFLAG, the Luxembourg Fund Labelling Agency, has granted three investment funds specialising in environmental investment the LuxFLAG Environment Label status. With more than USD 400 million under management the three funds are the Green for Growth Fund ‐ Southeast Europe, Lux-Equity Eco Global and Parvest-Environmental Opportunities.
Read moreIn relation to risk management, a number of laws and regulations have been issued at a European and Luxembourg level. ALFI’s Risk Management technical Committee is currently analysing, amongst others, the CSSF Circular 11/512 dated 30 May. By clicking here, you will access the ALFI Q&A document. The document contains the working group's answers to questions about the implementation and the application of the CSSF Circular 11/512. ALFI's members are welcome to submit questions to the working group, which will review them and consider whether to include them in a future copy of this document. Please send your questions to info@alfi.lu.
Read moreOn the occasion of the ALFI EAIF Conference Oliver Wyman presented the study Alternative Investment Funds Domicile, commissioned by the Association of the Luxembourg Fund Industry (ALFI). The study looks at which major offshore centres of fund domicile are currently used by alternative investment funds, looking separately at hedge funds, private equity funds and real estate funds.
Read moreThe Association of the Luxembourg Fund Industry announces that proceedings at its EAIF Conference will be reported through a live blog,
Read moreUpdated structure of ALFI Technical Committees can be downloaded here.
Read moreALFI, the Association of the Luxembourg Fund Industry, today launches EXPRESS: The ALFI Podcast, a portal to fund industry insight and expertise. The weekly podcasts, which are only a few minutes long, will offer listeners unique insight from industry leaders on important topics and themes affecting the global fund industry.
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