A positive performance in global financial markets stemmed net capital outflows in Luxembourg during the month of June, leaving the grand duchy’s investment funds with a net positive balance of 35.191 billion euro at the end of the month, according to data from financial supervisor CSSF.
The increase represents the balance of negative net capital investments - or outflows - of 15.302 billion euro and of the positive development of financial markets amounting to 50.493 billion euro.
Total assets for Luxembourg investment funds amounted to 5,198 billion euro at the end of June, up 0.68 percent from the end of May and up 0.54% from the same month a year earlier, CSSF said in its monthly report. The June number is the highest since August last year, when it was reported at 5,300 billion euro.
14,223 fund units
The number of funds taken into consideration declined to 3,336 from 3,341 the previous month. A total of 2,182 entities adopted an umbrella structure representing 13,069 sub-funds. Adding the 1,154 entities with a traditional UCI structure to that figure, a total of 14,223 fund units were active in the financial centre, CSSF said.
Undertakings for collective investments in Luxembourg:
