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By Didier Prime, partner, Asset Management Leader, PwC Luxembourg and Grégory Weber, director, PwC Luxembourg
For the first time, the European asset management industry reached the EUR 9 trillion mark in February 2013 thanks to “Improvements in financial markets that continued to boost investor sentiment” according to Bernard Delbecque, Director of Economics and Research at EFAMA. This represents a growth of 48% of assets under management since end 2008, at the deepest of the financial crisis. With 72% market share, UCITS funds account for a large portion of the European investment funds assets and Luxembourg is no stranger to this success. Indeed, Luxembourg is celebrating this year the 25th anniversary of its implementation of the UCITS Directive. Since 30...
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