Registrations for Luxembourg true cross border funds have increased by 8% over the last year and a half, indicating a growing trend in moving fund distribution with explorations into new processes and service requirements
Banking on the increased use of third-party funds as open architecture is gaining ground in Europe, with fund promoters busy registering their funds in the key European markets. With registrations in more than 40 countries around the world, Luxembourg funds remain the perfect vehicle for international distribution. Even under difficult market conditions, Luxembourg funds have recorded positive net sales of €57.3bn for the year 2002, the highest level in Europe, representing 6% of average Luxembourg assets. tcb funds European and international registrations of Luxembourg-domiciled t...
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