Luxembourg
Luxembourg assets under management hit
Assets under management of Luxembourg-domiciled funds reached 3.4trn at the end of February after strong net sales in the first two months of 2015, the Association of the Luxembourg Fund Industry (ALFI) announced at its Spring conference.
East Capital is first to invest 100 in A-shares
East Capital said its UCITS-compliant China fund has become the first to be allowed to invest up to 100% of its portfolio in Chinese A-shares through the Stock Connect program.
PwC attacked for Lux tax avoidance
London-headquartered firm, PricewaterhouseCoopers (PwC), has come under fire for allegedly promoting tax avoidance “on an industrial scale”.
Fund centre Luxembourg not afraid of competition
Luxembourg is confident of its bright future in the face of increasing competition from burgeoning fund centres, said the Association of the Luxembourg Fund Industry (ALFI).
East Capital launches frontier markets fund
East Capital has launched a new frontier markets fund focused on “young and fast-growing” markets with an emerging middle class and strong consumption growth.