Luxembourg is the largest financial centre for investment funds in Europe and the second largest worldwide. Luxembourg- domiciled investment funds are distributed in more than 70 countries: 62% of authorisations for distribution granted to worldwide funds are allocated to Luxembourg funds1. Luxembourg has been able to turn retail EU funds, i.e. UCITS funds, into a brand that stands on its own, not only within Europe but worldwide. In view of the fact that more than 47,000 people are employed in the financial services industry which contributes around 26% of the gross domestic product2 it is easy to understand how the financial industry and government are working closely and smoothly together to ensure continued efficiency. Today Luxembourg hosts more than 269 authorised AIFMs and Management Companies and 605 registered AIFMs3. In addition, it hosts a large number of support entities such as central administrators, domiciliary agents, law firms, auditors, consultants, depositaries and many more; it is an industry that continues to develop dynamically and is multilingual.