Luxembourg Fund industry Over the years, Luxembourg has developed a strong reputation as a centre of excellence for a large variety of investment funds. The legal framework of the country offers a large selection of investment vehicles that may be used to accommodate the strategies pursued by promoters. As at 31 December 2011, the size of the Luxembourg Fund industry was Euro trillion (2010: Euro trillion). There were 3,845 funds (2010: 3,667) or 13,294 sub-funds (2010: 12,937) approved. During the year 2011, 469 new funds were set up while 291 were closed or liquidated. In terms of sub-funds there was net increase of 357 sub-funds during the year. In addition.
