The tiny country of Luxembourg is one of the leading financial services centres in the world, and there are numerous advantages to be gained from the range of Sicavs it has on offer
With well over e1trn in mutual funds, the investment fund industry is the jewel in the crown of the Luxembourg economy. It is a cornerstone of the financial centre, which as at 1 March 2005 contributes more than 20% of the country's employment, 30% of GNP and nearly 40% of tax income. There is no other financial centre that in one jurisdiction concentrates the legal, tax and operational expertise needed to set up, administer and support the distribution of a truly global retail product range. Due to an effective service offering and convincing promotion, fund group after fund group have...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
