The forecast was part of a paper produced by Broadridge Analytics Solutions for the Association of the Luxembourg Fund Industry, released to mark Alfi’s 30th anniversary, on 26 September.

The study, “From big bang to a galaxy of stars” (PDF), stated:

“Ucits assets have the potential to grow at a compound rate of 5% in the next three decades: This growth rate would quadruple their asset base to over €42trn by the year 2048. This model suggests that average annual net sales flows would rise from €201bn in 2017 to €860bn in thirty years.”

The report authors also wrote:

“If Luxembourg retains its current share of Ucits assets (36%), the model suggests that the Grand Duchy could host some €15trn of Ucits assets by 2048.”