In response to recent political and macro-economic developments, the Association of the Luxembourg Fund Industry (ALFI) has announced a series of initiatives to support asset managers and investment funds in fulfilling their role of serving investors and fostering economic growth. In the focus are high industry standards, investor education, technology, the consequences of Brexit, operational efficiency and cost management.
In the first edition of its 2020 Ambition paper, defined in 2015, ALFI had identified eleven "global macro-drivers" that continue to represent major challenges for the international fund and asset management industry.
Since then, some of these factors have materialised in concrete, sometimes unexpected ways or had an even more profound impact on business models, products and strategies than expected. Thus, ALFI decided to reinvigorate its initial Ambition paper by adding new initiatives in various areas.