Ireland's Funds Industry Goes From Strength To Strength

Recent industry statistics have confirmed that Ireland's funds industry is at an all-time high and that it continues to outpace other jurisdictions as the fastest growing UCITS domicile in the world.

The recently published Lipper 17th Annual Fund Encyclopaedia reported a year-on-year increase of close to 30% in the assets serviced by the funds industry in Ireland and over 40% of the world's alternative investments are currently administered in Ireland. The number of promoters choosing to domicile their funds in Ireland has also increased by 11% since 2010.

Some of the other findings in the Lipper Encyclopaedia include:

• The number of funds serviced in Ireland rose to 6,412 (from 6,116 last year) an increase of 5% of which 3,404 are domiciled in Ireland and 3,008 are domiciled in other jurisdictions.