Figures for Dublin's Alternative Investment Fund Management Directive (AIFMD) ready Qualifying Investor Fund (QIF) are soaring, according to the Irish Funds Industry Association (IFIA).
The latest data from the Central Bank of Ireland show that the number of QIFs is at an all time high of 1,273, with assets also reaching a peak of €159bn. IFIA reports that this centre already administers more than 40% of the world’s alternative investments, and reports QIF assets growing by some 18% over the past year.
In addition, the European Fund and Asset Management Association (EFAMA) confirms Ireland is also the domicile of choice for UCITS, attracting the highest inflow of net assets of any domicile for the year so far. The figures confirm that the gains made by Ireland have been almost two and half times that of the next most successful domicile. EFAMA reveals that Ireland attracted €41.5bn in net assets of UCITS in the year to date. The largest inflows experienced by any other jurisdiction being much lower at €17bn.
Commenting on the rise in QIF interest, Ken Owens, Chair of the IFIA says, “What is important is that Ireland’s robust regulatory regime means we already have the product solutions to AIFMD and this has and will continue to provide us with real advantages.”
£92bn transferred since 2015
Achievements, charity work and other happy snippets
Since first announcement