Annual Report 2022/2023
SETTING INVESTMENT STANDARDS OF THE FUTURE, TODAY
WELCOME
Chairperson
Director General
The present Annual Report covers the work and accomplishments done by ALFI and its members between 01 June 2022 and 31 May 2023. Enjoy the reading.
ALFI TURNS 35
Since 1988, ALFI has worked alongside stakeholders on the development of the Luxembourg investment fund industry. Throughout this journey, Luxembourg’s financial centre has developed, and in response so has ALFI’s present and future ambitions.
As a leading voice of the country's asset management and investment fund community, ALFI currently represents over 1,500 Luxembourg domiciled investment funds, numerous asset management companies and a wide range of other companies servicing the sector.
Today, 35 years after setting sail on its voyage, ALFI promotes Luxembourg as the world’s leading cross-border investment fund centre – the largest in Europe and the second largest worldwide. It also supports the transition towards more sustainable economies globally and empowers investors to meet their goals.
For the benefit of its members, ALFI also works on cultivating a collaborative, dynamic and innovative fund ecosystem, championing not only mainstream assets but also sustainable investing and private assets.
In addition, ALFI is committed to improving investors' literacy to make well-informed investment decisions. This work is vital as it serves as the foundation for entrepreneurship, social mobility and inclusive growth.
Read about ALFI's Ambition 2025
2022/2023 AT A GLANCE
Total net assets in Luxembourg investment funds stood at 5,028 bn in December 2022.
Near 9,000 fund professionals participated in about 52 ALFI events between June 2022 and May 2023.
With the help of its members, ALFI contributed extensively to the dialogue with the various public bodies and European institutions for the development of key regulations.
ALFI became a founding member of the Luxembourg's Women in Finance Charter.
STATE OF THE INDUSTRY
Net Assets under management
Growth of AuMs
EUR top 10 domiciles
ALFI ORGANISATION
CORPORATE RESPONSIBILITY AND CITIZENSHIP
OUR OBJECTIVES
Helping members capitalise on industry trends
Much of the work carried out by ALFI takes place in its numerous working groups.
In continuation of our initiative started last year, we’ve given the floor to the chairs of the ALFI committees to explain how they work together and what projects kept them busy over the last 12 months. 13 leaders speak in this year’s series “ALFI working groups on stage” covering topics such governance, market infrastructure, risk management, professional training, investor education, TA and distribution or event promotion. We invite you to watch the clips below.
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 the name of its members.
DOWNLOAD THE ALFI ANNUAL REPORT
Fostering dedication to professional standards, integrity and quality
Investor trust is essential in the fund industry and ALFI, thus, strives to promote high professional standards, quality products and services, and integrity. Actions in this area include 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 inform 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 its mission to lead industry efforts to make Luxembourg the most attractive international investment fund centre.
