The Luxembourg undertakings for collective investment (UCI) industry recorded a negative change amounting to €14.972 billion in the month of November 2018.
As of 30 November 2018, the aggregate net assets of global UCIs amounted to €4.192.332 billion, as opposed to €4.207.304 billion on 31 October 2018, a decrease of 0.36% over one month. Over the past twelve months, the volume of net assets increased by 1.37%.
The Luxembourg UCI industry thus recorded a negative change in the month of November amounting to €14.972 billion. This decrease represents the balance of negative net issues amounting to €22.211 billion (-0.53%) and favourable financial market developments of €7.239 billion (+0.17%).
The number of UCIs taken into consideration was 3,936 compared to 3,948 the previous month. 2,553 entities have adopted an umbrella structure representing 13,569 compartments. Adding 1,383 entities with a traditional structure, a total of 14,952 units are active in the financial centre.
In Europe, worries about global economic conditions, trade tensions and political uncertainties drove up the prices of high-rated government bonds sought by investors as a safe haven, while overall, risk growth has increased in the private bond segment. In sum, the category of bond UCIs denominated in EUR made slight value losses.