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Cross-border SRI funds choose Luxembourg for investments


Eighty six per cent of assets under management of cross-border sustainable and responsible investments funds are now invested in funds domiciled in Luxembourg, according to a study by Mark McFee, data and research analyst at Thomson Reuters.

The results were presented at the Association of the Luxembourg Fund Industry’s second annual SRI conference on 9 February 2010.

Alfi president Claude Kremer (pictured) says: “Luxembourg is Europe’s largest investment fund centre and a worldwide leader in cross-border fund distribution. As such, it has a duty towards investors and must pursue its role as laboratory for innovation in the area of responsible investment. Its location at the heart of Europe combined with strong relations with the world’s leading asset managers enable it to identify and spread best practices throughout the financial sector.”

The SRI conference is part of an overall approach initiated by Alfi in 2004, with the creation of a task force dedicated to promoting and developing socially responsible funds.

The Alfi task force first focused its work around microfinance and was instrumental in creating and implementing the “LuxFLAG” microfinance label, launched in July 2006.

In addition, since 2007 Alfi has been an active member of the European Forum on Responsible Investing (Eurosif), and is a frequent participant in discussions and debates on development projects.

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