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 €207.746 billion in November 2020.
As at 30 November 2020, the total net assets of undertakings for collective investment, comprising UCIs subject to the 2010 Law, specialised investment funds and SICARs, amounted to €4,882.411 billion compared to €4,674.665 billion as at 31 October 2020, i.e. an increase of 4.44% over one month. Over the last twelve months, the volume of net assets rose by 4.56%.
The Luxembourg UCI industry thus registered a positive variation amounting to €207.746 billion in November. This increase represents the sum of positive net capital investments of €22.185 billion (+0.47%) and of the positive development of financial markets amounting to €185.561 billion (+3.97%).
The number of UCIs taken into consideration totalled 3,627, against 3,636 the previous month. A total of 2,384 entities adopted an umbrella structure representing 13,328 sub-funds. Adding the 1,243 entities with a traditional UCI structure to that figure, a total of 14,571 fund units were active in the financial centre.