The ecosystem offered by Luxembourg in the investment fund industry has turned the country into a centre of operations for many international fund managers as a way to grow in Europe. This has been demonstrated by the proliferation of Spanish UCITS funds in recent years.

Spanish fund managers mainly use Luxembourg as the gateway to reach international institutional clients, a major challenge for the Spanish industry.

According to Morningstar Direct, Spanish asset managers’ business in Luxembourg reached 14,000 million euros at the beginning of 2021. Although this figure only represents 5% of the total assets in funds of Spanish group managers, it represents a significant growth compared to the volume achieved in previous years. In the last 12 months, the volume has grown by 14%.

In this dossier, we count with the collaboration of professionals who work in the Luxembourg fund industry, and provide their point of view based on their experience in relation to international fund distribution.