Luxembourg launches fund domicile fightback against Ireland

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Financial Times 2d ago

Luxembourg launches fund domicile fightback against Ireland - Financial Times

Quick Summary:

This pales in comparison to the US, where active ETFs have grabbed 8.1 per cent of the market, and their share of flows is about 28 per cent.

Ireland’s asset management industry contributed nearly €1bn in direct tax revenue in 2023, directly employed nearly 20,000 people and generated €15bn in gross value added, according to a report commissioned by Irish Funds, the industry body.

A number of issuers have launched their first European active ETFs in the past year, though, including Ark Invest, BNP Paribas Asset Management, Abrdn and Robeco, while BlackRock debuted its first active equity ETFs.