The Luxembourg undertakings for collective investment (UCI) industry recorded a negative change amounting to €86.966 billion in the month of May 2019.
As of 30 April 2019, the aggregate net assets of global UCIs amounted to €4.317.970 billion as opposed to €4.404.936 billion on 30 April 2019, a decrease of 1.97% over one month. Over the last twelve months, the volume of net assets increased by 1.10%.
For its part, the Luxembourg UCI industry industry posted a negative change in the month of May, amounting to €86.966 billion. This decrease represents the balance of negative net issues amounting to €4.048 billion (-0.09%) and the unfavourable financial market developments of €82.918 billion (-1.88%).
The number of UCIs taken into consideration was 3,871 (the same number as the previous month). 2,517 entities have adopted an umbrella structure representing 13,548 compartments. Adding 1,354 entities with a traditional structure, a total of 14,902 units are active in the financial centre.