Luxembourg is the uncontested leader in the cross border distribution of investment funds
Luxembourg is one of the world’s leading onshore domiciles where, over the last 30 years, it has become the default option for managers wishing to establish UCITS funds. It is, by size, the world’s second largest fund centre after the US, and, from a funds expertise perspective, offers managers everything they need; not just for UCITS funds but also unregulated or regulated alternative fund structures under AIFMD. Luxembourg’s funds do not just have European investor appeal; they are sold in more than 72 countries worldwide.
Several large investment managers have announced that they’ve chosen Luxembourg as their hub for Europe showing the impact that Brexit is now having, as large established managers look to set up operations on the mainland – Luxembourg or otherwise – to fully benefit from the passporting rights offered by UCITS and AIFM directives; something that cannot be guaranteed for the UK unless an equivalence agreement is achieved.