Luxembourg has positioned itself over many years as Europe’s UCITS (Undertaking of Collective Investment in Transferrable Securities) processor-in-chief, as well as more recently for European Long-Term Investment Funds (ELTIFs).
There was a period – a long period – a few years back when banks were very, very agitated about the possibility of Britain leaving the European Union (EU). Like many industries, they really didn’t want Brexit to happen.
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