Assets invested in funds domiciled in Luxemburg have exceeded the €5 trillion mark for the first time. At the end of January, asset reached a record €5050 billion according to figures published by the CSSF.
A net increase of assets invested in Luxembourg-domiciled funds by 5.44% over the previous 12 months was enough to cross the €5 trillion mark. In January, assets increased by 1.54% compared to December, with the increase equally distributed between net inflows (+0.84%) and the positive development of financial markets amounting (+0.70%).
The number of undertakings for collective investment (UCIs) taken into consideration totalled 3,581, against 3,611 the previous month. A total of 2,357 entities adopted an umbrella structure representing 13,371 sub-funds. Adding the 1,224 entities with a traditional UCI structure to that figure, a total of 14,595 fund units were active in the financial centre. This number has come down steadily over the past few years (see chart above). In January alone, 36 funds were deregistered while only six received a registration in the Grand Duchy.