The Investment Funds 2023 guide covers 15 jurisdictions. The guide provides the latest information on alternative investment funds and retail funds, including fund formation, restrictions on investors, the regulatory environment, operational requirements and the tax regime.

Law and Practice

 1. Market Overview

 1.1 State of the Market

As the second largest fund market in the world after the US, Luxembourg has earned itself a reputation for stability, a business-friendly environment and excellence in the provision of services to the investment management industry. The world’s leading asset managers have chosen Luxembourg as a centre for their international fund ranges, and Luxembourg regulated funds are now distributed in more than 81 countries throughout the world. Luxembourg had approximately EUR5.6 trillion in assets under management as of March 2022, with private equity as the fastest growing asset class by the end of 2021.

Read more in the Law and Practice Luxembourg chapter of the Chambers Investment Funds 2023 Guide.