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

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

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

The Future of Private Equity: New Opportunities, New Challenges

Feb 3 2017 | 6:41pm ET

The private equity industry’s astonishing rebound since the financial crisis has...

 

From the current issue of