Luxembourg Fund Assets At Record High

Jun 22 2012 | 11:38am ET

The tiny Grand Duchy of Luxembourg is still the biggest domicile for European funds—and it's bigger now than ever.

Luxembourg-domiciled funds had €2.225 trillion in assets at the end of April, the Association of the Luxembourg Funds Industry said. That is a nearly €300 billion increase from the end of last year.

"Following a year of political uncertainty which has led to turmoil in financial markets, we believe that this growth in assets under management in Luxembourg marks a return of confidence in investment funds," ALFI Chairman Marc Saluzzi said.

Saluzzi added that he remains cautious despite the record-setting figures, due to new regulation under consideration in Luxembourg. "The Financial Transaction Tax in particular could have a substantial negative impact on investors, and ALFI continues to work to ensure that policies are beneficial to the fund industry and its clients."


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...