Luxembourg: Financial Sector Assessment Program—Technical Note on Investment Funds: Regulation and Supervision

Author: International Monetary Fund. Monetary and Capital Markets Department

Volume/Issue: Volume 2024 Issue 181

Publication date: June 2024

ISBN: 9798400280344

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , managers directive , investment fund manager , Banque Centrale du Luxembourg , EU requirement , investment fund Sector , Mutual funds , Financial sector stability , Financial Sector Assessment Program , Systemic risk , Liquidity risk , Europe , Global

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Summary

The Investment Funds (IFs) industry in Luxembourg dominates the domestic financial sector and the EU funds landscape. The Assets Under Management (AUM) of the IF industry in Luxembourg is around 80 times its GDP, much higher than banking (13 times GDP) and insurance (3 times GDP). Based on IF domicile, Luxembourg has the largest fund industry by AUM in Europe, followed by Ireland; it is also the second largest fund industry in the world, next only to the USA.