This section includes press releases issued by ALFI.
Meeting the Rising Demand for UCITS Funds Domiciled in Luxembourg
(Hong Kong, 11 November 2010) The Association of the Luxembourg Fund Industry (“ALFI” or “the Association’) today announces the launch of its first Asia Representative Office in Hong Kong, coping with the fact that Asia has become the main non-European market for UCITS funds, attracting approximately 15% of total UCITS net sales in 2009.
Mr. Claude Kremer, Chairman of ALFI, stated, “Hong Kong is one of the main distribution hubs of investment funds in Asia and is centrally located in the
Ching Yng Choi appointed to head ALFI's Asia office.
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ALFI welcomes the Luxembourg Government's draft bill on UCITS4
On 23 July 2010, the Luxembourg Government approved the draft bill implementing UCITS 4 into national law. The final adoption of the Government draft bill by Parliament is expected to take place before the end of this year.
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European Fund Industry could reach assets of Euros 6,800 Billion by 2014, according to new Lipper FMI report for ALFI
Internationalization of investment patterns and fund distribution should support further growth of cross-border funds.
ALFI welcomes the Luxembourg Government's proposal to exempt Microfinance Investment Funds from subscription tax.
Luxembourg, Europe's premier hub for cross-border SRI funds, creates a new label for renewable energy.
Based on the success of last year’s event, ALFI, the Association of the Luxembourg fund industry, hosted its second annual SRI (sustainable and responsible investments) conference on 9 February 2010. Gathering more than 150 European experts from a variety of fields, this years’ event comforted ALFI to intensify its efforts in this key area.
From May 14-15, a 25 strong ALFI delegation, led by Chairman Claude Kremer
organised its annual fund industry seminars in New York and Boston which
attracted 200 and 135 participants in each location respectively. Please click here to view the press release.