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ALFI, the Association of the Luxembourg Fund Industry, welcomes the publication of the European Commission's 'Action Plan: Financing Sustainable Growth'. ALFI has been at the forefront of actively promoting sustainable finance opportunities for asset managers. 'Responsible Investing' is a major pillar of the Luxembourg investment fund industry and ALFI firmly believes that asset managers can play a key role in sustainable finance.
Market growth has strengthened this conviction: the European Responsible Investing fund market has almost doubled since 2010, reaching 476 billion EUR of Assets under Management at the end of 2016(1). Luxembourg is the leading domicile for European Responsible Investment Funds, accounting for 31% of funds and 35% of total Assets under...
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