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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).