This section includes press releases issued by ALFI.
ALFI presented the figures of 2018 as well as the opportunities and challenges for the asset management industry in 2019.
The Securities and Futures Commission (SFC) of Hong Kong and the Commission de Surveillance du Secteur Financier (CSSF) of Luxembourg have today signed a Memorandum of Understanding (MoU). The MoU provides a framework for the mutual recognition of covered funds offered, marketed and distributed to the public in Hong Kong and to retail investors in Luxembourg. It serves as a facilitator for the approval and marketing of investment funds in both jurisdictions.
2018 ALFI REAL ESTATE INVESTMENT FUND (REIF) SURVEY SHOWS INNOVATIVE RAIF REGIME IS FIRMLY ESTABLISHED- Press releases
According to ALFI’s 2018 REIF survey, 2017 and the first two quarters of 2018 show another good period for Luxembourg-domiciled REIFs. The population of REIFs surveyed by ALFI continued to expand, this time by 45, bringing the total number of surveyed vehicles to 304, including 27 manager-regulated AIFs, 27 RAIFs dedicated to real estate and 11 SICARs. Read the press release.
According the Luxembourg Private Equity and Venture Capital Investment Fund Survey conducted by Deloitte on behalf of ALFI, released today, assets under management have increased by 20% year-to-year , confirming Luxembourg’s attractiveness as a domicile for alternative investment funds. Read the press release.
Assets under management in Luxembourg-domiciled Loan Funds has reached €49billion, according to a study by KPMG on behalf of ALFI, the Association of the Luxembourg fund industry. This is a 23.5% increase over the past year, reflecting the increasing momentum of non-bank financing across Europe and beyond and demonstrating the appeal of Luxembourg as a domicile for alternative investment funds. These Loan Funds comprise a variety of strategies, the predominant ones being Senior Loans (35%), High Yield (22%) and Direct Lending (18%). Read the press release.
STRONG GROWTH IN LUXEMBOURG ALTERNATIVE FUNDS CONFIRMED BY SURVEYS ON REAL ESTATE, LOAN AND PRIVATE EQUITY AND VENTURE CAPITAL FUNDS- Press releases
ALFI today unveiled three reports at its PERE conference held in Luxembourg on 20 and 21 November. The surveys all highlight the strong growth of alternative funds in Luxembourg:
The Luxembourg Real Estate Investment Funds 2018 survey, confirms that Luxembourg remains the favoured location to establish and maintain multi-geographical and multi-sectoral regulated REIFs, which continue to appeal to institutional investors and fund managers from around the world. Read more.
The Loan Fund Survey 2018, carried out in conjunction with KPMG, shows that Assets under management in Luxembourg-domiciled Loan Funds has reached €49billion, a 23.5% increase over the past year, reflecting the increasing momentum of non-bank financing across Europe and beyond and demonstrating the appeal of Luxembourg as a domicile for alternative investment funds. Read more.
The 2018 Luxembourg Private Equity and Venture Capital Investment Fund Survey, conducted by Deloitte on behalf of ALFI, shows that assets under management in Luxembourg Private Equity Funds increased by 20% in 2018. Read more.
On the occasion of its 30th anniversary, the Association of the Luxembourg Fund Industry (ALFI) declared its commitment to work alongside stakeholders in Luxembourg to enable citizens to better understand and manage personal finances, in a context of rapid technological, economic and societal change. A dedicated session at the ALFI Global Distribution Conference provided an opportunity for representatives from the government, education, finance, business and the media to explore ways of closing the financial education gap in the Grand Duchy.
UCITS assets could quadruple to EUR 42 trillion by 2048, according to ALFI’S 30th anniversary report- Press releases
According to the report issued today by ALFI to mark ALFI’s 30th anniversary, UCITS assets have the potential to grow at a compound rate of 5% in the next three decades, with average annual net sales flows rising from €201 billion in 2017 to €860 billion in thirty years. As long as certain risk factors are addressed, this growth rate would quadruple UCITS’ asset base to over €42 trillion by the year 2048.
One month ahead of the national elections, ALFI presents its recommendations to maintain the successes achieved and ensure the future development of the investment fund sector in Luxembourg.
The Association of the Luxembourg Fund Industry released its annual report at the occasion of the Annual General Meeting, which summarised the activity that it has undertaken to ensure that Luxembourg retains its position as the leading European investment fund centre. Read the press release in English.
Read more about ALFI’s activities and achievements in its online annual report.