A comprehensive report outlining the European funding landscape, published yesterday (10 July) by the European Fund and Asset Management Association (EFAMA), confirms the disproportionately large share of European funds received by tiny Luxembourg and Ireland in comparison with the size of their national markets for investment funds.

The report finds that while France, Germany, the UK and Italy top the league in terms of size of national markets for investment funds, reflecting the importance of the respective domestic savings markets, Luxembourg leads the way in terms of domiciliation, with 24.4% of the European market share, ahead of France (19.8%), Germany (13.5%), the UK (10%) and Italy (5.1%).