Number of investment funds in Luxembourg 1990-2023

The total number of undertakings for collective investment (UCIs) in Luxembourg overall increased during the period from 1990 to 2016, where it peaked and then decreased the following years. UCIs are financial institutions that collect capital among investors and manage that money collectively, following an established investment policy. They can offer two main investment assets: an UCITS (Undertakings for Collective Investment in Transferable Securities, which at its core stands for investment funds that are domiciled in Europe and regulated by the European Union) or an AIF (Alternative Investment Funds, all investment funds that have not yet been regulated by the European Union such hedge funds, funds of hedge funds, venture capital, private equity funds and real estate funds). In 2023, the number of UCIs in Luxembourg amounted to 3,274.