With annual growth rate of 8.1% over ten years, distribution of cross-border funds is doing well

PwC Luxembourg released today a new edition of its annual Global Fund Distribution poster, which has become an industry reference. The updated poster provides an overview of cross-border distribution in 2014, including hot spots for distribution, domiciles, markets and fund management groups.

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20/03/2014 | Banques, caisses rurales et autres activités financières

“The cross-border fund industry has grown steadily this year. The number of cross-border funds has increased by 5% compared to last year, reaching 9,869, says José-Benjamin Longrée, partner, Global Fund Distribution Leader at PwC Luxembourg. This year’s poster highlights the strong evolution of cross-border fund distribution over the last ten years, with cross-border registrations reaching a compound annual growth rate of 11.4%.”

With 67%of the worldwide cross border registrations, Luxembourg remains the leading cross-border fund domicile. Both Luxembourg and Ireland recorded robust UCITS net sales, marking them as the leading European UCITS domiciles.

Overall, cross-border fund registrations grew consistently to 6% by the end of 2013. France achieved a record number of 916 new cross-border fund registrations in 2013.
Not surprisingly, equities remain the dominant asset class for cross-border funds. Case in point: 52% of cross-border funds were equity funds in 2013, up from 50% in 2012.

PwC