This section includes press releases issued by ALFI.
The Association of the Luxembourg Fund Industry announces that proceedings at its Spring Conference will be reported through a live blog, http://www.alfievents.com. The blog will be updated throughout the conference, 15-16th March 2011. Read the full Press Release here.
The blog will be written by Phil Davis, a freelance journalist and former fund management reporter at the Financial Times.
As of 1 January 2011 the Association of the Luxembourg Fund Industry (ALFI) joined the European Federation for Retirement Provision as a Full Member. Such decision was taken at the EFRP General Assembly of the Members (GAM) of 8 November 2010 in Rome. Click here
The UCITS brand celebrates its 25th birthday today, as the first UCITS directive was formally adopted on 20th December 1985. Almost exactly 25 years later, on 16th December 2010, the Luxembourg Parliament ratified UCITS IV. As was the case in 1985, Luxembourg is the first country in the EU to pass this new regulation into national law. A number of provisions (such as fiscal reliefs) will come into effect as soon as 1st January 2011.
According to a new study by Strategic Insight, commissioned by the Association of Luxembourg Funds Industry (Alfi) with the support of LuxembourgForFinance, alternative UCITS funds saw a 70% growth in net new flows in 2010 to September, and are on track to finish 2010 with €33 billion net new inflows. This accounts for 15% of total net inflows into all long-term UCITS funds. Please click here to view our press release.
The Association of the Luxembourg Fund Industry announces that proceedings at its European Alternative Investment Fund conference will be reported through a live blog, http://alfiforum2010.com/. The blog will go live on day one of the conference, 24th November 2010.
The blog will be written by Phil Davis, a freelance journalist and former fund management reporter at the Financial Times. Supporting content, including an exclusive study on Newcits by Strategic Insight, will also be uploaded from the conference.
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.
Please click here to read the whole press release.
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.
Please click here.
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.