Credit: CSSF
The Commission de Surveillance du Secteur Financier (CSSF), Luxembourg's financial regulator, has announced that the country's investment fund industry grew by over 22% between October 2020 and October 2021.
As at 31 October 2021, the total net assets of undertakings for collective investment (UCIs), comprising UCIs subject to the 2010 Law, specialised investment funds and SICARs (investment companies in risk capital), amounted to €5,718 billion compared to €5,601 billion the month before, representing an increase of 2.09% over one month. Over the last twelve months, the volume of net assets rose by 22.33%.
The Luxembourg UCI industry thus registered a positive variation amounting to €116.9 billion in October. This represents the sum of positive net capital investments of €31.1 billion (up 0.56%) and of the positive development of financial markets amounting to €85.8 billion (up 1.53%).
The number of UCIs taken into consideration totalled 3,518, compared to 3,532 the previous month. A total of 2,312 entities adopted an umbrella structure representing 13,262 sub-funds. Adding the 1,206 entities with a traditional UCI structure to that figure, a total of 14,468 fund units were active in the financial centre last month.
