Luxembourg funds

BlackRock, J.P. Morgan Asset Management, Pictet Asset Management and Robeco were announced as the major category winners of the 2021 Broadridge Distribution Achievement Awards, presented at the ALFI Global Distribution Conference held on 21 and 22 September, according to a Wednesday press release issued by ALFI, which represents the Luxembourg fund industry.

UBS Asset Managers and Candriam Investor Group were among the “Fastest Risers”.

A recently-introduced German initiative to make that country a more attractive domicile for investment funds through a new regime promoting the formation of development impact funds should not pose a challenge to Luxembourg’s fund industry, has argued Maren Stadler-Tjan, investment funds partner at Clifford Chance Luxembourg. 

While slowly getting back to normal, the priority of the country’s fund industry should be to review their operating models and reassess their risk, KPMG partners Ravi Beegun (pictured) and Alan Picone suggest. Meanwhile, asset managers should focus on cutting costs in response to the drop in revenues caused by the recession.

The best performing investment funds in 2019 are active funds. More importantly: they are mainly funds registered in the Grand Duchy of Luxembourg. Those are the findings of a half-yearly study by consultant AF Advisors of investment funds available for private investors in the Netherlands.