Data from 1980
4.1 The context: stability and opportunity
The investment funds based in Luxembourg are managing net assets 50 times larger than the GDP of the country, with a value of 3 trillion (a value higher than the Italian GDP).
To highlight the asset management case: in 2003, the investment funds under Italian law represented two-thirds of the total products sold (379 billion in assets against 130 foreign funds and roundtrip). Today the situation is practically the other way around: 434 billion are owned by foreign funds and roundtrip mainly in Luxembourg, only 229 billion are owned by Italian funds.
Also, the country is often chosen as a place for major economic and financial companies: the value of the shares in companies quoted in major global lists declared by entities established in Luxembourg amounted to 290 billion euro.
The Luxembourg economy, after all, is based on finance.
As of 31 December 2014, there are 144 banks in Luxembourg, of which 135 are under Luxembourg law, 30 branches belong to banks from a Member State of Europe, 9 branches from banks outside Europe and 13 cooperative banks. There are also 111 investment firms that had a net income of 153.6 million against 149.1 million in 2013 and a total sum of financial statements of3,643 million. There are also over 4,139 undertakings for collective investment with a net asset of euro 3,127 billion.
Data that makes Luxembourg the second place to invest funds in the world after the United States.
This great change is definitely thanks to the political and regulatory framework of Luxembourg, that promotes business development.
Here, the funds industry has found the right place to better address the continuing challenges of an increasingly regulated and competitive market.
Luxembourg owes its fortune in the context of the investment fund sector to strict anti-money laundering legislation and the work of the government to promote it as an on-shore country.
For this reason, for foreign investors, Luxembourg has become the key place to create and manage financial products.
Data from 1980