Since the introduction of the first Ucits directive, Luxembourg has seized every opportunity it can to attract investment funds to the country.
Its efforts have paid off. At the end of March 2010, assets in Ucits funds domiciled in Luxembourg exceeded Ä1.7 trillion ($2.1 trillion), well in excess of the estimated value of offshore hedge funds worldwide, according to the European Fund and Asset Management Association.
However, it is currently difficult to work out how much of these assets are in Uc
The week on Risk.net, September 8-14, 2018Receive this by email