The number of investment products granted the LuxFlag label in 2020 reached 322 after growing 139 over the year, with assets under management totalling €135.4b.

According to the Luxembourg-based finance labelling agency, the products were domiciled in 10 jurisdictions and managed in 17 countries by 96 asset managers.

LuxFLAG witnessed 76% growth in the number of labelled funds in the last 12 months, recording 144% growth in ESG labelled funds, which totalled 246 at the end of 2020.