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 €32.199 billion in the month of July 2020.
As at 31 July 2020, the total net assets of undertakings for collective investment, comprising UCIs subject to the 2010 Law, specialised investment funds and SICARs, amounted to €4,617.395 billion compared to €4,585.196 billion as at 30 June 2020, i.e. an increase of 0.70% over one month. Over the last twelve months, the volume of net assets rose by 2.96%.
The Luxembourg UCI industry thus registered a positive variation amounting to €32.199 billion in July. This increase represents the sum of positive net capital investments of €30.718 billion (+0.67%) and of the positive development of financial markets amounting to €1.481 billion (+0.03%).
The number of UCIs taken into consideration totalled 3,664, compared to 3,669 the previous month. A total of 2,401 entities adopted an umbrella structure representing 13,450 sub-funds. Adding the 1,263 entities with a traditional UCI structure to that figure, a total of 14,713 fund units were active in the financial centre.