Although Luxembourg has a very small geographical footprint in Europe, in terms of assets under administration, it is the largest European fund center and, after the United States, the second largest worldwide.
Luxembourg’s success is based on its polycentric international orientation that has attracted financial players across the globe to domicile and administer their investment funds in Luxembourg. The broad legal framework for Luxembourg investment funds allows with its toolbox for a full range of structures, suitable for all types of investors (from retail to professional investors) and a broad range of asset classes.
Luxembourg Institutional Bank Fund are established according to Luxembourg Law of July 23, 2016 relative to reserved alternative investment funds (RAIF), law of August 23, 2016 relative to commercial companies and Modified law of July 12, 2013 relative to alternative investment fund managers.
The Company is in the process of setting up “PHI Vietnam Growth and Income Funds” as a Luxembourg Institutional Bank Fund to invest in a number of selective industries in Vietnam and other geographical areas.