Liechtenstein funds manage 100 billion Swiss francs

Liechtenstein funds managed a total of 100.15 billion Swiss francs in net assets according to results at the end of 2023. This is an increase of 44.5 per cent compared to 2022. The number of funds fell to 547 in 2023 compared to 561 at the end of the previous year.

The Financial Market Authority Liechtenstein (FMA) has released a publication on the development of Liechtenstein as a fund centre in the second half of 2023.

The number of Liechtenstein funds fell compared to the previous year, but assets under management increased. As per 31 December, 547 funds were listed, compared to 561 funds at the end of 2022. On 31 December 2023, a total of 100.15 billion Swiss francs in net assets were under management in Liechtenstein funds.

Compared to the end of 2022, the fund centre recorded an increase of 30.86 billion Swiss francs, or 44.5 per cent. According to the FMA statement, net assets under management are a more meaningful indicator of economic strength than the number of funds.

As per 31 December 2023, Liechtenstein funds were divided into 216 undertakings for collective investment in transferable securities (UCITS), 11 investment undertakings (IUs) and 320 alternative investment funds (AIFs), according to the FMA statement. The number of companies authorized to manage funds remained the same in 2023. Eighteen companies were licensed to manage funds on 31 December 2023.

At the end of 2023, nine Liechtenstein management companies (AIFMs) were offering their services abroad. These included portfolio management, investment advice, administrative activities and distribution activities. In total, there were notifications for the provision of services for 28 EEA member states. Conversely, 105 management companies from 13 EEA member states were represented in Liechtenstein.

The Liechtenstein fund centre has established itself internationally in recent years to such an extent that more and more clients are coming to Liechtenstein, which is reflected in the pleasing development. Numerous locational advantages such as EU-compatible funds, a short time-to-market and a high level of investor protection prove convincing. In addition, access to the two economic areas of Switzerland and the EEA further strengthens the country’s stability.

 

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