Luxembourg domiciled almost a tenth of the world’s funds sold during the third quarter of 2017.
According to data published in December by the European Fund and Asset Management Association, Luxembourg was the largest fund domicile in Europe and second largest in the world, with 9.3% of the global market share. It was followed some way off by Ireland (5.3%), Germany (4.6%), France (4.5%) and the UK (3.7%).
Globally, the US held the largest share with 45.7%, followed by Europe (34.2%), Australia (4.1%), Brazil (3.9%), Japan (3.3%), Canada (3.2%) and China (3.1%).
Luxembourg recorded total net assets of €4,037,140,000,000 with the number of funds coming in at 14,712, of which the majority were in balanced/mixed (4,029) and equity (3,797).