9 Jun 2020 | Press Releases
ALFI defines its ambition for the next five years: "To empower investors in their financial journey to allow them to meet their life goals"
The Association of the Luxembourg Fund Industry (ALFI) is pleased to present its key objectives for the next five years in order to achieve its 2025 Ambition.
ALFI Chairperson Corinne Lamesch, who has been the lead on the ALFI Ambition 2025 paper, stated: “Our ambition is to empower investors in their financial journey to allow them to meet their life goals. 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. We believe that achieving our ambition will help the Luxembourg fund industry continue to transform itself and better meet the evolving needs of future generations and societies.”
The five key objectives that ALFI has set itself are as follows:
1. To lead in the development of innovative cross-border savings and pension products
2. To create a framework that helps sustainable products flourish
3. To extend the global reach of UCITS as a multi-purpose solution
4. To broaden access to alternative investments
5. To drive innovation and the digital transformation of the Luxembourg fund industry
Corinne Lamesch added: “While we are not yet certain how the global economy will recover in a post-pandemic world, I believe ALFI’s objectives and ambitions remain relevant. The asset management sector has proved resilient – the ability to quickly switch to smart working models was key. Breakthroughs in technology and innovation often occur at times of disruption and we can expect to see digital transformation picking up speed. Sustainability (ESG) factors have also become more important. Before the pandemic, many were concentrating on environmental aspects (the “E”), but now, social considerations (the “S”) are also at the heart of the discussion. In order to make an impact in this situation, the investment fund industry will continue to channel private funds towards the real economy and sustainable projects and thereby fulfil its role in the recovery.”
The Association of the Luxembourg Fund Industry (ALFI) represents the face and voice of the Luxembourg asset management and investment fund community. The Association is committed to the development of the Luxembourg fund industry by striving to create new business opportunities, and through the exchange of information and knowledge.
Created in 1988, the Association today represents over 1,500 Luxembourg-domiciled investment funds, asset management companies and a wide range of businesses that serve the sector. These include depositary banks, fund administrators, transfer agents, distributors, legal firms, consultants, tax advisory firms, auditors and accountants, specialist IT and communication companies. Luxembourg is the largest fund domicile in Europe and a worldwide leader in cross-border distribution of funds. Luxembourg-domiciled investment funds are distributed in more than 70 countries around the world. For further information, do not hesitate to consult www.alfi.lu.