Catch up on highlights, regulatory news, new publications and much more

Welcome to the ALFI fund industry community.

 

You are receiving this communication as you have shown interest in some way in the fund industry. Whether it was from participating in one of our events or registering your contact information for updates, you took a first step closer to progress. As an ALFI member, you can benefit from even more content. For more information, visit our page.

 

Every month we will be sending this communication with the latest information in the fund industry. We hope you enjoy it and happy reading!

 

Highlight of the month
2021: record year for Luxembourg investment funds

As of 31 December, 2021, net assets of Luxembourg investment funds reached an all-time high of EUR 5.9 trillion. This represents a year-on-year increase of EUR 886 billion or + 17.8%.

 

Retail and institutional investors poured a record amount of money into nearly all asset classes. With net inflows of EUR 394 billion over the past 12 months, and EUR 491 billion stemming from market valuation, the organic growth rate resulting from net subscriptions amounted to 7.9% whereas the impact of markets accounted for 9.9% of the increase in assets.

 

Looking back over the past four years, with more than EUR 30 billion net subscriptions per month, investors committed more money than ever to Luxembourg investment funds in 2021.

Regulatory news

On 19 January 2022, ALFI responded to the ESMA discussion paper on the review of the clearing thresholds under EMIR.

On 4 February 2022, ALFI responded to the EBA consultation on Initial Margin Model Validation (IMMV) under EMIR.

 

Visit the ALFI website for more statements.

Publications

With more than EUR 5.9 trillion in net assets under management, Luxembourg is the largest investment fund centre in Europe and second globally after the US. Learn more about what Luxembourg has to offer the asset management community around the world.

 

From its introduction in 2013, the Luxembourg special limited partnership (โ€œSLPโ€) has rapidly expanded to become one of the leading corporate
forms in Luxembourg and in Europe for fund structuring. Learn more about Luxembourg limited partnerships.

Visit the ALFI website for more publications.

Our upcoming events

Mark your calendars with interesting ALFI events.

22-23 March 2022

21 April 2022

2 May 2022

25 May 2022

June 2022

16 June 2022

Catch up on what you have missed

As signs emerge that the impact of the Covid-19 pandemic on the global economy and the financial services industry is easing, the focus is turning to evolving regulatory requirements and in particular sustainability rules, according to speakers at the ALFI Digi Pulse Asia events held in Hong Kong, Singapore and Tokyo from 25 to 27 January 2022. Read our post-conference report.

On 27 January 2022, ALFI hosted a member briefing dedicated to questions and answers around the Packaged Retail and Insurance-based Investment Products (PRIIPs) Regulation, which was well attended.

 

The (co-)chairs of the different PRIIPs working groups presented upcoming changes in line with revised regulatory technical standards. Next to the overall timeline and general aspects, discussions focussed on costs and charges, performance scenarios and past performance, as well as risks. Last but not least, changes along version 2.0 of the European PRIIPs Template (EPT) were also discussed.

๐ŸŽฅ Latest video

Despite the global Covid-19 pandemic, the Luxembourg real estate fund industry saw assets under management increase by almost 15% over the last twelve months, compared to last yearโ€™s 11% growth, bringing total assets under management to 104.4 billion euro. The number of vehicles surveyed has grown by 69, bringing the total to 518. View the video.

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ALFI, Association of the Luxembourg Fund Industry

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