Asset Management stands on the edge of fundamental shifts that will shape the future of the industry.  With a proven focus on providing experience and infrastructure to service the industry, Luxembourg is set to benefit from this period of transformation according to PwC Luxembourg report Asset Management: Luxembourg, your location of choice. This brochure, released at the ALFI Spring Conference on Tuesday 18 March 2014, examines the regulation, supervision, taxation and distribution of funds in Luxembourg.

Since 1988 when the first UCITS Directive was implemented into local law, Luxembourg has enjoyed significant growth in both assets and fund numbers. With more than EUR 2.6 trillion in net AuM, Luxembourg is Europe’s largest investment fund centre. “As asset growth will be driven by the rising demand of the retirement market, the growing importance of sovereign wealth funds and increasing wealth in emerging markets, asset managers will favour territories demonstrating long-term stability, transparency and a commitment to serving an international fund industry. And Luxembourg is set to take advantage of this transformation,” says Didier Prime, partner, Asset Management Leader at PwC Luxembourg.

More particularly, Luxembourg is well positioned to make the most of the increase in cross-border activity, in terms of both investment and distribution. The country has also the key attributes to become the leading global AIF platform – as it did with UCITS – and to help alternative fund managers and institutional investors turn alternative investment fund regulations into an opportunity. “At PwC, we are confident that the expertise of the Luxembourg fund community together with the business-minded environment and the long-standing tradition of being a safe fund centre are strong assets for the country to lead the way into a new era for asset management,” notes Didier Prime.

This 75-page publication also includes a practical guide to the entire lifecycle of a fund from setting up to liquidation.