UCITS assets to quadruple to €42trn by 2048

Driven by introduction of Capital Markets Union

Assets held in UCITS funds could reach €42trn in 30 years, with average net sales expected to rise to €860bn, according to research by the Association of the Luxembourg Fund Industry (ALFI).

The trade body said assets in UCITS funds, which were first launched in 1988, have the potential to grow at a compound rate of 5% over the next 30 years.  This growth would be helped by initiatives such as the Capital Markets Union, which aims to enhance long-term savings to meet demographic challenges, the trade body said. More than one third of European-domiciled funds source their assets from multiple European and global markets, with 64% of funds domiciled in Luxembourg and 25% in Dublin.  IEA calls for UK to set up regulatory framework to replace UCITS ALFI said UCITS had b...