This section includes press releases issued by ALFI.
BNP Paribas Aqua - a first French domiciled fund receives a LuxFLAG Label/
LuxFLAG is pleased to announce that a first French domiciled investment fund –BNP Paribas Aqua has been granted the LuxFLAG Environment Label.
The Association of the Luxembourg Fund Industry (ALFI) today published itsCollection of best practices for setting-up and servicing Islamic funds to provide a greater level of understanding and consistency of the requirements and expectations to this growing market sector.
Photos by Alsal Photography
ALFI unveiled the 2012 version of its annual Real Estate Investment Funds (REIF) survey. The survey illustrates the evolution of the REIF market for direct real estate funds (Direct REIFs) and Risk Capital Investment Companies (SICARs) investing in real estate, as well as for REIF fund of funds (REIF FoFs), as at the end of 2011.
The 28th edition of the Réunion Européenne des Étudiants Luxembourgeois will take place this year in Aachen, Germany on 11 – 14 October 2012. This annual event gathers over 150 Luxembourg students currently spread in universities all across Europe and aims at discussing common issues facing Luxembourg students as well as relations between universities and the political and economic world.
LuxFLAG is pleased to announce that two new Environment Funds have been granted the LuxFLAG Environment Label. These are the Living Planet Fund -Global Environment and Parvest Global Environment.
The Association of the Luxembourg Fund Industry (ALFI) unveiled today a new study “Trends in Cross Border Distribution”.
Discussions at ALFI’s Global Distribution Conference on 18 and 19 September will be posted live at www.alfievents.com. Follow also the conference on ALFI’s new Twitter account @ALFIfunds using the hashtag: #ALFIglobal12.
On 24 August 2012, the Luxembourg Finance Ministry submitted the draft Bill transposing the European Alternative Investment Fund Managers Directive (the “AIFMD” or the “Directive”) to the Luxembourg Parliament. ALFI strongly believes that the AIFMD presents a welcome opportunity for Europe to create a brand in the alternative investment market, similar to the global brand it has created with UCITS. Through AIFMD, the European Union is creating the first regulated environment for alternative investment funds worldwide.
On 3 July 2012, the European Commission published a ‘Proposal for a Directive of the European Parliament and of the Council amending Directive 2009/65/EC on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) as regards depositary functions, remuneration policies and sanctions, better known as ‘UCITS V’. The main object of the draft directive is to clarify and to harmonise the level of investor protection in the EU through the alignment of tasks and responsibilities that are expected from the depositaries of UCITS.