Press release, June 27, 2008
Luxembourg remains the leading centre for cross-border fund distribution with over 75% of the global market.
For the third consecutive year, PwC and Lipper publish together the “Global Fund Distribution Poster”, a document that gives an overall picture of the evolution of the UCITS funds distribution in the world, as well as new trends.
This year, the poster includes a wider range of target markets for funds distribution, especially in Latin America, Eastern Europe and Africa. Two new countries – the Czech Republic and South Africa - have emerged in the top sales markets, while Germany, Singapore, Chile and Bahrain keep their rankings as favorite destinations. In addition, this publication shows a map about penetration rates of foreign funds, and a list of leading cross-border fund management groups.
With a cross-border fund distribution of over 75% of the global market, Luxembourg indisputably reinforces its leading position well ahead of Ireland, the UK, France or Germany. The Luxembourg fund industry is particularly open to European fund distribution (85% of funds domiciliated in Luxembourg are distributed in Europe) and Asia Pacific fund distribution (about 10%).
Like previous years, the poster draws up the top-50 list of cross-border management groups. Moreover, the top-100 can be found online on our website: www.pwc.com/lu. The “Global Fund Distribution 2008” poster is available in English on our website: www.pwc.com/lu or upon request at the following address: publications@lu.pwc.com.
Notes to editor:
PricewaterhouseCoopers Luxembourg (www.pwc.com/lu) has about 1600 professionals coming from more than 35 different countries. PricewaterhouseCoopers (www.pwc.com) provides industry-focused assurance, tax and advisory services to build public trust and enhance value for its clients and their stakeholders. More than 146,000 people in 150 countries across our network share their thinking, experience and solutions to develop fresh perspectives and practical advice.
“PricewaterhouseCoopers” refers to the network of member firms of PricewaterhouseCoopers International Limited, each of which is a separate and independent legal entity.
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