Luxembourg looks East in bid to stay ahead of rivals

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From Archive 11 April 2011

By Yuri Bender

Luxembourg is growing as an Islamic investment centre and is looking to promote Ucits products in Asia

Luxembourg enjoyed a successful decade in the 1990s, as Europe’s premier location for domiciling and operating cross-border mutual funds under the Ucits regulatory umbrella, now boasting 76 per cent of funds which can be distributed in at least three countries. The latest niche being carved out by the state’s product strategists is that of an Islamic funds centre.

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Luxembourg looks East in bid to stay ahead of rivals

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