Annual Report 2021/2022
ALFI’S ROLE AND LUXEMBOURG GLOBAL FUND CENTRE
Established in 1988, The Association of the Luxembourg Fund Industry (ALFI) represents the face and voice of the Luxembourg asset management and investment fund community, championing sustainable investing, mainstream and private assets.
ALFI’s mission is to promote Luxembourg as the world’s leading cross-border investment fund centre, facilitate the transition towards more sustainable economies globally and empower investors to meet their goals.
ALFI seeks to promote Luxembourg’s fund sector internationally, and to cultivate for the benefit of its members a collaborative, dynamic and innovative ecosystem underpinned by the most robust regulatory framework.
Our mission is to lead industry efforts to make Luxembourg the most attractive investment fund centre.
2021/2022 AT A GLANCE
Total net assets in Luxembourg investment funds hit the EUR 5.9 trillion mark in December 2021
Over 7,400 fund professionals participated in 30 ALFI conferences, raodshows and events in 2021
ALFI issued 59 publications including 37 position papers and comments on legislative and regulatory proposals
ALFI engaged in a dialogue with the CSSF with respect to the use of Liquidity Management Tools, which resulted in the publication of the CSSF’s FAQs
STATE OF THE INDUSTRY
Net assets of investment funds domiciled in Europe totalled EUR 21.9 trillion at the end of 2021.
Over the last three years, net AuM in regulated alternative funds in Luxembourg have increased by nearly 33%.
In 2021, Luxembourg continued to be the leading domicile for both conventional and sustainable funds.
WHO WE ARE
ACHIEVING OUR STRATEGIC PRIORITIES
Our ambition is to empower investors in their financial journey to allow them to meet their life goals. We aim to achieve this by driving innovation and change in the asset management industry in alignment with the evolving needs of investors and our society. We will do this by accompanying investors along each of the stepping stones in their journey to financial success. To be future-ready, investors need pensions and savings products with built-in sustainability features, a recognised brand name, a reputable product and a wealth of online possibilities.
ALFI HEAD OFFICE
OUR MEMBERS
ALFI today represents over 1,500 Luxembourg domiciled investment funds, asset management companies and a wide range of business covering the entire sector’s value chain.
Our members are investment funds, asset management companies, depositary banks, legal and consultancy firms, tax advisory firms, auditors and accountants, specialised IT and communication companies, and more recently, individual members.
OUR OBJECTIVES
Helping members capitalise on industry trends
Much of the work carried out by ALFI takes place in its numerous working groups.
This is why this year we have decided to invite ten chairs who lead teams of experienced specialists to speak to us about their projects and achievements. Tax, regulation, responsible investing, fintech, alternative funds, depositary or management companies are matters unveiled in this video series of seven clips.
ALFI membership provides you with unparalleled access to the asset management and investment fund community in Luxembourg and beyond.
Shaping regulation
An up-to-date, innovative legal and fiscal environment is critical to defend and improve Luxembourg’s competitive position as a centre for the domiciliation, administration and distribution of investment funds. Strong relationships with regulatory authorities, the government and the legislative body enable ALFI to make an effective contribution to decision making through relevant input for changes to the regulatory framework, implementation of European directives and regulation of new products or services.
ALFI is recognised and valued by policymakers in Europe and the main distribution markets. ALFI provides important industry feedback through consultations, and engages in constructive dialogue with policy makers in name of its members.
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Fostering dedication to professional standards, integrity and quality
Investor trust is essential for success in collective investment services and ALFI thus does all it can to promote high professional standards, quality products and services, and integrity. Action in this area includes organising training at all levels, defining codes of conduct, transparency and good corporate governance, and supporting initiatives to combat money laundering.
PROMOTING THE LUXEMBOURG FUND INDUSTRY
ALFI actively promotes the Luxembourg investment fund industry, its products and its services. It represents the sector in financial and in economic missions organised by the Luxembourg government around the world and takes an active part in meetings of the global fund industry. ALFI is an active member of the European Fund and Asset Management Association, of the European Federation for Retirement and of the International Investment Funds Association.
EVENTS
COMMUNICATION
ALFI makes use of a broad range of channels to communicate with its members and keep informed industry experts and the broad public about the latest developments in the Luxembourg investment sector.
The typology of the content is diverse, ranging from extensive publications to posters and videos, always keeping in mind our mission to lead industry efforts to make Luxembourg the most attractive international investment fund centre.
