Luxembourg Fund Assets Could Reach $10.4trn by 2030, PwC Reports

On Tuesday 16 June 2026, PwC Luxembourg published its “Asset and Wealth Management Revolution Europe 2026” report, examining growth prospects and challenges for the European asset and wealth management (AWM) industry through 2030.

According to the report, assets under management (AuM) across Europe are projected to increase from US$35 trillion (€30.5 trillion) in 2024 to US$48.5 trillion (€42.2 trillion) by 2030, representing a compound annual growth rate (CAGR) of 5.6%. PwC estimated that up to US$67 billion (€58.3 billion) in new revenues could become available across the European AWM industry by the end of the decade.

The report highlighted Luxembourg's position as Europe's leading fund domicile, with US$6.9 trillion (€6.0 trillion) in AuM in 2024. PwC projects that this figure could reach US$10.4 trillion (€9.0 trillion) by 2030, corresponding to a CAGR of 7.2%.

PwC also noted that 93% of European asset managers have experienced profitability pressures over the past five years, while compliance requirements continue to increase under regulatory frameworks such as MiFID II, SFDR and DORA.

According to the report, Luxembourg's established infrastructure for UCITS and alternative investment funds (AIFs), as well as its growing role in ELTIF 2.0 structures and private market investments, position the country to benefit from the mobilisation of an estimated €10 trillion in European savings.

Steven Libby, Asset & Wealth Management - Europe, Middle East & Africa Leader at PwC Luxembourg, said: “Luxembourg is set to remain Europe's leading fund centre through 2030, with assets projected to reach more than $10 trillion. At the same time, up to $67 billion in new revenues will be up for grabs across the European AWM industry. Capturing this opportunity, however, will require a new playbook - one that enables firms to scale, innovate and manage sustained profitability pressures in an increasingly complex environment.”

Michael Delano, Asset & Wealth Management Leader at PwC Luxembourg, commented: “Luxembourg's role in European asset and wealth management continues to evolve beyond its position as a leading fund domicile. With its strong footprint in private assets and ongoing investment in areas such as tokenisation, the country is well positioned to play a central role in connecting global investment capabilities with Europe's growing pool of retail and wealth investors. As distribution, client access and product innovation become the key drivers of growth, Luxembourg remains at the forefront of shaping how capital is mobilised across the region.”

The full report is available on the PwC Luxembourg website.