The Commission de Surveillance du Secteur Financier (CSSF) has announced that the Luxembourg undertakings for collective investment (UCI) industry recorded a positive change amounting to €253.767 billion in the month of April 2020.
As of 30 April 2020, the total net assets of global UCIs amounted to €4.403.683 billion as opposed to €4.149.916 billion the previous month, representing a increase of 6.11% over one month. Over the last twelve months, the volume of net assets decreased by 0.03%.
For its part, the Luxembourg UCI industry industry registered a positive variation amounting to €253.767 billion in the month of April. This increase represents the balance of positive net issues of €42.882 billion (+1.03%) and the favourable development of financial markets amounting to €210.885 billion (+5.08%).
The number of UCIs taken into consideration totalled 3,693 as opposed to 3,700 in the previous month. A total of 2,422 entities adopted an umbrella structure, which represented 13,449 sub-funds. Adding the 1,271 entities with a traditional structure to that figure, a total of 14,720 fund units were active in the financial centre.