Ireland in 2019 has emerged as the leading European domicile for UCITS and AIFs in 2019, as data for the first three quarters of the year show the jurisdiction with an unprecedented 57 per cent share of net sales compared with the next location, Luxembourg, with a 19.7 p.c. share. The figures are contained in Finance Dublin’s annual funds industry Special Report, 'Investment Funds 2020'.
This puts it in second place in Europe as an international funds platform, after Luxembourg, confirming its position, (if confirmation is needed) of the industry as the premier international platform for funds and asset management in the English speaking world.
Finance Dublin's Investment Funds 2020Report records that Net Asset Values in Ireland’s funds industry reached €2.928 trillion at the end of Q3 2019, putting the Irish NAV share of the European industry, at 17.1 per cent, surpassed only by Luxembourg at 26.6 per cent (€4.6 trillion).
Also in the December issue:
CBI focuses on Service Provider risks: Regulator wants to explore further how companies identify related new and increased SP risk; First Derivatives' expansion in Dublin; The rise in UK legals registering in Ireland; Corporation Tax focus, as revenue in November comes in 30% higher than expected; 2018 was ‘indifferent year’ for insurance industry - we assess the latest CBI 'Blue Book' data.