VP’s fund growth outperforms the market
The two fund locations of Luxembourg and Liechtenstein posted noteworthy figures for fund assets under management in 2018. In both locations, the funds of the VP Bank Group achieved above-average growth.
According to a press release from the VP Bank Group, Liechtenstein had fund assets under management of 49.93 billion Swiss francs as at the end of 2018. There were also “a record number of 70 new fund launches” in the reporting year. In Luxembourg, the world’s second largest investment fund center after the USA, assets under management in the private equity sector rose by 17 percent year on year. Credit funds in Luxembourg were up 25 percent over the same period.
The VP Bank Group says that these impressive figures were achieved “despite higher market volatility” on account of the “excellent operating conditions in Luxembourg and Liechtenstein”. The Vaduz banking group also highlights the “continuing demand from fund initiators and investors”.
VP Fund Solutions, the investment fund competence center of the VP Bank Group, posted above-average growth that outperformed the market as a whole. Private label fund assets under management at both locations reportedly grew by almost 25 percent. They therefore reached “a historic record high of over 11 billion francs”.