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Ten years after having established its very active Representative Office in Hong Kong, the Association of the Luxembourg Fund Industry (ALFI) has now extended its presence in South East Asia by launching a new working group which will promote increased collaboration and closer relationships between the fund management industries in Luxembourg and Singapore.
The working group, based in Singapore, will focus its efforts on South East Asia where the Luxembourg fund industry is already well established. According to a survey on global fund distribution*, 69% of all foreign funds sold in Singapore are domiciled in Luxembourg. The working group aims to improve the Luxembourg fund industry professionals' understanding of the investment fund market in Singapore and South East...
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