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Saturday 24 February 2018

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ALFI reports record AUM growth in 2017

Written by Talya Misiri
06/02/18

The Association of the Luxembourg Fund Industry reported a new all-time record at the end December 2017.

ALFI reported total assets under management were at €4,159bn as at 31 December 2017, according to figures issued by the CSSF, the Luxembourg regulator.

Resultantly, the Association’s assets grew by €418bn, 11.8 per cent over the year. In three years ALFI saw growth in assets under management of Luxembourg funds rise from €3,000bn in September 2014 to €4,000bn in September 2017.

“Key to this success is Luxembourg’s standing as the cross-border fund centre for European and international investors,” ALFI said.

From this, nearly 74 per cent of growth in assets under management was from new money invested into Luxembourg funds.

Furthermore, UCITS underwent the bulk of investments, while alternative strategies including private equity and real estate saw growing interest from investors too.

The additional increase in assets under management in Luxembourg funds was due to the impact of global financial markets, ALFI noted.

“Net sales tripled in 2017 compared to 2016, going from €99.6bn to €308.4bn” added ALFI chairman Denise Voss.



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