03/02/2016 (Agence Europe) - Luxembourg retains position as leading investment fund domicile in EU. With over €3.5 trillion of assets under management as at 31 December 2015 (in other words, with over 13% growth last year), Luxembourg retains its position as the leading investment fund domicile in Europe. According to data published by the Association of the Luxembourg Fund Industry (ALFI) on Wednesday 3 February, the number of investment funds in Luxembourg stood at 3,878 at the end of December. Investment funds domiciled in Luxembourg and initiated by US and UK asset managers stood respectively at €759.8 billion and €581.5 billion at the end of 2015. A total of 211 alternative investment fund managers received authorisation from Luxembourg and 626 managers are registered there. Luxembourg is also leading the way in Europe as regards real estate and private equity funds. (MB)