Credit: EY Luxembourg
EY Luxembourg has just published its 2019 edition of "Investment Funds in Luxembourg - A technical guide", designed to answer questions related to setting up and operating investment funds in the Grand Duchy.
Updated annually for the past 25 years, the guide covers recent legislative and regulatory changes in the investment funds sector. Indeed, the 2019 edition has been updated to include UCI structures and specificities, investment rules, governance and liability, risk management and valuation, expenses and taxation, marketing and stock exchange listing, among others.
Michael Ferguson, Wealth and Asset Management Leader at EY Luxembourg, explained: “Notwithstanding that we are living in a world of ever heightened geopolitical tensions, the demand for investment fund products continues to create positive net new asset flows". He added that "the key underlying drivers generating this demand" remained ageing demographics, a shift towards individual responsibility for long-term saving, the "rise and demand of the middle class" and increasingly expensive healthcare and education systems. As such, the "overriding challenge for the asset management sector is how to deal with the[se] structural shifts".
The Investment Funds in Luxembourg guide is now available on the EY Luxembourg website: ey.com/lu.
