ALFI today released figures outlining the footprint of Luxembourg domiciled UCITS, showing the volume of assets under management in various markets globally as at December 2015, giving a breakdown in those markets of the percentage of Luxembourg UCITS, other foreign and domestic open-ended funds.
According to the figures:
- 50% of the AuM in open ended funds distributed in Germany, 51% of those in Italy and 51% of those in the Netherlands are in Luxembourg UCITS;
- Luxembourg UCITS make up 47% of the AuM in foreign open-ended funds distributed in Taiwan, Korean, Japan, Hong Kong, and Singapore;
- Eight out of the ten largest global open-ended asset managers have a presence in Luxembourg;
- In 2015 Luxembourg UCITS attracted 72% of the flows within the major markets.
Denise Voss, Chairman of ALFI, said: “ALFI works hard to promote the Luxembourg UCITS brand globally and these figures show that this work has paid off. There is clear confidence in the UCITS brand globally based on Luxembourg’s governance, approval, risk management and oversight processes, and clear regulatory and taxation framework.”
Laurent Denayer, EY partner, Global Fund Distribution leader, said: "In the last three years Luxembourg increased its UCITS’ footprint in most European markets, reaching a total of 62% of the total AuM distributed. Moreover, Luxembourg funds collected more new money than all the other individual markets in Europe.”
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