This site uses third party analytics cookies. Continuing the navigation over the following banner or closing the same is expressed consent to their use.

Understanding Investing 简体中文网页 Members section

ALFI's response to CESR's consultation on risk measurement and the calculation of global exposure and counterparty risk for UCITS (Ref. CESR/10-108)

- ALFI statements

ALFI represents the Luxembourg investment management and fund industry. It counts among its membership over 1 350 funds and asset management groups from around the world and a large range of service providers. According to the latest CSSF figures, on 31 March 2010, total net assets of undertakings for collective investment were 1 981 bn euros.
There are 3 516 undertakings for collective investment in Luxembourg, of which 2 149 are multiple compartment structures containing 11 146 compartments. With the 1 367 single-compartment UCIs, there are a total of 12 513 active compartments or sub-funds based in Luxembourg.
According to March 2010 EFAMA figures, Luxembourg's fund industry holds a market share of 27.3% of the European Union fund industry, and according to 2010 PWC/Lipper data, 76.2% of UCITS that are engaged in cross-border business are domiciled in Luxembourg. As one of the main gateways to the European Union and global markets, Luxembourg is the largest cross-border fund centre in the European Union and, indeed, in the world. Read more.

Updated on 03/08/10
Share |