The Association of the Luxembourg Fund Industry is the official representative body for the Luxembourg investment fund industry and was set up in November 1988 to promote its development.
Association of the Luxembourg Fund Industry
In April 2000, ALFI opened itself to industry players other than investment funds, so that the association now includes a wide selection of service providers: custodian banks, fund managers and administrators, transfer agents, fund distributors, law firms, consultants and tax advisers, auditors and accounting firms, IT services companies, etc.
Luxembourg is the largest fund domicile in Europe and its investment fund industry is a world leader in cross-border fund distribution. Luxembourg-domiciled investment structures are distributed in over 70 countries around the globe, with a particular focus on Europe, Asia, Latin America and the Middle East.
“Lead industry efforts to make Luxembourg the most attractive international centre for investment funds".
ALFI commits to further enhance Luxembourg’s position as the international fund centre of reference, recognised as open, reliable and innovative by investors, policymakers and industry alike.
Thanks to its progress over the years, Luxembourg can build upon its many strengths. Yet the world is evolving fast and the fund centre’s stakeholders are increasingly demanding. Meeting their expectations is a considerable challenge: it requires above all proving that the industry best serves the interests of investors and the economy.
To achieve its 2020 Ambition, ALFI has set itself five equally important key objectives:
- Promote practices that align the interests of investors and industry
- Articulate the essential role of investment funds for the global economy
- Connect investors with worldwide market opportunities
- Ensure Luxembourg remains the fund centre of choice for asset managers
- Stimulate innovation, research, education and talent development