Lux fund industry is growing

The fund industry in Luxembourg is continuing to grow at a healthy pace, driven partly by the huge growth in alternative investments, according to a study by Fitzrovia. The research showed that, over all, the Luxembourg fund industry has grown 25% year on year – from $1,199.7bn to $1,500.3bn over 2004. Total capital in alternative investments more than doubled to reach $18.7bn. And although the number of equity funds fell from 2,915 to 2,909, assets in these funds continued to rise reaching $501.8bn, up 35%. Assets in bonds fund rose by 27% while assets in cash funds wet up just 8%. Of t...