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Luxembourg fund industry shows continued growth (20/05/2010)

According to the Commission de Surveillance du Secteur Financier ('CSSF'), the Luxembourg regulatory body, as at 28th February 2010 total net assets of undertakings for collective investment and specialised investment funds reached EUR 1,897,934 billion compared to EUR 1,860,688 billion as at 31st January 2010. This represents a 2% growth over one month.

Over the last 12 months, the volume of net assets increased by 24.02%.

The number of undertakings for collective investment (UCI) and Specialised Investment Funds (SIFs) taken into consideration totalled 3,498 as opposed to 3,480 the previous month. A total of 2,135 entities have adopted an umbrella structure, which represents 11,062 sub-funds. When adding the 1,363 entities with a traditional structure to the previous figure, it should be noted that a total of 12,425 structures are active in the Luxembourg financial centre.

Source CSSF Circular 14/05/2010

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