Fund industry research company Monterey Insight has published its 28th annual Monterey Insight Luxembourg Fund Report. It lists the market shares of fund providers in Luxembourg.
The Luxembourg regulated fund industry (Sif, Ucits/UCI and Sicar funds), on 31 December 2021, saw a 17.1% increase in net assets to €5,879bn, up from €5,022.5bn the previous year.
Equity funds remained popular, with €2,114.8bn in assets under management. They far outstripped bond funds, which had €1,1469.7bn in assets under management.
The ESG trend
Non-regulated Raif funds showed the largest increase in net assets, up 84.4% on 2020, to €290.9bn in net assets.
Limited partnerships and Soparfi investment vehicles reached €413.3 billion, an increase of 73.8% in net assets.
In terms of ESG funds, Monterey Insight found that 600 fund compartments were listed under Article 9 of the SFDR with €302.9bn in assets and 3,740 compartments under Article 8 with a total of €2,301.4bn.
In the ranking of Luxembourg-based regulated fund managers, J.P. Morgan Asset Management (Europe) retains its first place with total net assets of €419.2bn, followed by BlackRock which moves from fifth to second place with €220.6bn. In fourth place was DWS International with €218.9bn.
The report was released on 20 September. Monterey Insight also compiled a ranking of fund industry service providers:
Originally published in French by Paperjam and translated for Delano