Press Release, 8 March 2016
PwC Luxembourg has just released the 17th edition of its Global Fund Distribution Poster at the ALFI Spring Conference on Tuesday 8 March 2016. The poster, which has become a standard for asset managers, provides a comprehensive view of the cross-border distribution of funds.
According to this new edition, 2015 confirmed the good health of the industry with 11,222 funds distributed in at least three jurisdictions against 10,430 in 2014, a 7.6% growth over the past year. As a centre of excellence for the distribution, Luxembourg is the first domicile of 70% of the asset management giants to set up their funds.
When it comes to UCITS, the country has confirmed its success story in terms of assets under management.
"The Luxembourg UCITS funds are still going places. At the end of 2015, UCITS asset management weighed 2,820 billion, an increase of nearly 1,000 billion within five years,” says José-Benjamin Longrée, partner and Global Fund Distribution Leader at PwC Luxembourg.
"Luxembourg funds continue to progress globally, especially in terms of net sales. In 2015, they captured over 50% of overall mutual funds net sales," added Christophe Saint-Mard, partner at PwC Luxembourg.
In Europe, France and Italy topped the list – attracting the greatest number of foreign funds. Singapore remains the reference market in Asia while Chile that of Latin America.
The Global Fund Distribution poster is available on PwC Luxembourg website.
Note to editors:
1. PwC Luxembourg (www.pwc.lu) is the largest professional services firm in Luxembourg with 2,600 people employed from 58 different countries. PwC Luxembourg provides audit, tax and advisory services including management consulting, transaction, financing and regulatory advice. The firm provides advice to a wide variety of clients from local and middle market entrepreneurs to large multinational companies operating from Luxembourg and the Greater Region. The firm helps its clients create the value they are looking for by contributing to the smooth operation of the capital markets and providing advice through an industry-focused approach.
2. The PwC global network is the largest provider of professional services in the audit, tax and management consultancy sectors. We are a network of independent firms based in 157 countries and employing over 208,000 people. Talk to us about your concerns and find out more by visiting us at www.pwc.com and www.pwc.lu.