Luxembourg Fund Industry Seminar 23 October 2006, Tokyo

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Luxembourg Fund Industry Seminar23 October 2006,
Tokyo
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Luxembourg Fund Industry Seminar25 October 2006,
Seoul
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Luxembourg Fund Industry Seminar26 October 2006,
Hong Kong
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Introduction
Luxembourg, your pro business country in the
European Union Mr. Luc Frieden, Minister of the
Treasury The Luxembourg Fund Centre Mr. Thomas
Seale, Chairman, ALFI
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Introduction
Why we chose Luxembourg Tokio Mr. Shiro
Fujitsu Managing Director Planning
Development Nomura Asset Management Hong Kong
Ms. Elizabeth Scott Chairperson HKIFA Managing
Director, Schroder Investment Management, Hong
Kong Seoul Mr. Tai Soon Yoon Chairman AMAK -
Asset Management Association of Korea
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Luxembourg, your pro-business country in the
European Union
Mr. Luc Frieden, Minister of the Treasury
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The Luxembourg Fund Centre

• Key issues, key figures

Thomas Seale CEO, European Fund Administration
SA Chairman, ALFI Tokyo, 23 October
2006
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ALFIs Objectives

• Representativeness
• Representative body of the Luxembourg fund
  industry
• ALFI members 945 Funds (72 in terms of net
  assets) and 120 Providers
• Mission
• Lead industry efforts to make Luxembourg the most
  attractive international center for investment
  funds
• Objectives
• Help members captialize on industry trends
• Shape regulation
• Encourage professionalism, integrity and quality
• Promote the Luxembourg fund industry

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Europes Number one Fund Center
Number of Luxembourg domiciled funds
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Europes Number one Fund Center
Net assets of Luxembourg domiciled UCIs
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The Luxembourg investment fund sector
at a glance

• 2,158 Investment funds
• 9,058 Units
• 1.7 Trillion Euros ( 2.15 trillion)
• Distributed in more than 150 countriesand
  regions worldwide

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The Luxembourg investment fund sector
in the Luxembourg economy

• Direct impact only
• 8,700 employees 3 of employment
• 8 gross domestic product
• 11 of the governments fiscal revenues

Figures as at December 31, 2005
Source CODEPLAFI
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Europes leading fund domicile
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The Luxembourg investment fund sector
Market shares () of promoters of Luxembourg
domiciled funds by country of origin in terms
of assets under management
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Luxembourgs domestic market is the EU
Our export market is the World
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The Luxembourg investment fund sector
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The top 10 countries of distribution outside the
EU
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Leading cross-border management groups
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Origin of foreign funds distributed in Japan
Sources Lipper Hindsight 31/12/2005 PwC
Worldwide Fund Distribution 2006
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Luxembourgs market share in 2005 (1)
Net sales of UCITS by domicile (N 430
billion )
Lux market share 55
Source EFAMA 31/12/2005
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Luxembourgs market share in 2005 (2)
Funds with most net sales (N 25)
Source FERI Data Digest 2006
Lux market share 52
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Luxembourgs market share in 2005 (3)
Most successful new funds (N 25)
Lux market share 52
Source FERI Data Digest 2006
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Net Assets in Hedge Funds and Funds of Hedge
Funds under Administration in Luxembourg
In EUR bn.
127.7
102.0
86.6
67.5
55.4
39.9
Source ALFI Hedge Fund Survey 2005
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Luxembourg Competitive Advantages

• fund legislation and regulation
• fund set up and structuring
• fund domiciliation and reporting
• fund administration and transfer agency
• compliance and risk management
• depositary and custodian banking
• cross border distribution support

Mature Industry with 10 000 professionals
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Jumping to the next level Luxembourg Priorities
Distribution
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Thank-you
www.alfi.lu