English
Spanish
Luxembourg, Europe’s leading fund hub on tour, will visit Madrid on 25 April 2024.
For the third consecutive year, the Association of the Luxembourg Fund Industry (ALFI) organises its Roadshow to Madrid. This annual event explores opportunities for increased cooperation with Spanish asset managers. In a nutshell, this type of ALFI event features expert discussions on pivotal industry topics such as European market developments, regulatory updates at European and Luxembourg levels, trends on investor demand for products (private assets, ESG, for instance), innovation on distribution and digital transformation.
Britta Borneff, ALFI’s CMO commented on this year’s event:
“The 2024 edition of the ALFI Roadshow is quite compelling. We are curating an attractive agenda that we trust will be insightful, stimulating and educational to Spanish asset managers.”
The roadshow will open up with a welcome address by Jean-Marc Goy, chairperson of ALFI, and H.E. Christian Biever, Ambassador of the Grand Duchy of Luxembourg to Spain, followed by a panel that will focus on the benefits and practical aspects of setting up a fund in Luxembourg.
Britta Borneff, ALFI’s CMO
As at December 2022, there were 4,730 Luxembourg-domiciled funds distributed in Spain out of a total of 8,416 foreign-domiciled funds (about 56%). Spain, indeed, ranks in the Top 5 for Luxembourg-domiciled funds (Source: PwC/ALFI, 2023).
Chart A. Fund promotion
0bn EUR
Total AuM of LU-domiciled funds promoted by Spanish fund houses
(as at Dec 22) (Monterey Insight, 2023)
0
Total number of Luxembourg-domiciled funds promoted by Spanish fund houses
(as at Dec 22) (Monterey Insight, 2023)
0
Number of Spanish fund houses promoting Luxembourg-domiciled funds
(as at Dec 22) (Monterey Insight, 2023)
One of the new features of the 2024 Roadshow is the speed briefings, that cover, in a succinct and effective manner, pressing concerns of the industry. “As dynamism is undeniably one of the characteristics of the fund industry, we thought that offering a dynamic solution in the form of rapid-fire executive briefings would be the way to go”.
ELTIFs
Luxembourg is the primary domicile for ELTIFs in the EU, accounting for approximately 60%, Spain comes in the foutrh place. As of today, there are two Spanish domiciled ELTIFs, marketed only in Spain). However, out of the 65 Luxembourg domiciled ELTIFs, 35 are marketed in Spain. (Source: ESMA, 2024).
Indeed, ALFI speed briefings delve into regulatory nuances and hard-hitting business facts while analysing how they possibly impact business models and value chains of asset managers, management companies, and their products. With a total of 4 briefings, each lasting just 7 minutes, the Madrid session will touch upon the Luxembourg toolbox, AIFMD II, ELTIFs and tokenisation.
Mixed with engaging Q&A sessions, the ALFI Roadshow to Madrid will also feature a second panel on ESG and sustainability and how asset managers are coping with investor demands and pressing regulation.
The ALFI Roadshow to Madrid, taking place at El Beatriz Madrid on 25 April 2024, is free of charge. For more information on the event and the agenda, visit this page. Registrations are currently open.
Britta likes to recall, especially when ALFI goes on tour: “Coming together is a beginning. Keeping together is progress. working together is success.” (Edward Everett Hale).
Chart B. Top 5 Spanish fund houses by AuM of Luxembourg-domiciled funds
(as at Dec 22) (Monterey Insight, 2023)