Liechtenstein Investment Fund Association
| Liechtenstein Investment Fund Association | |
|---|---|
| legal form | society |
| founding | September 2000 |
| Seat | Vaduz , Principality of Liechtenstein |
| management | Alexander Boss |
| Number of employees | 3 |
| Website | www.lafv.li |
The Liechtenstein Investment Fund Association (LAFV) is a voluntary industry organization of the Liechtenstein fund industry . It is a registered association for an unlimited period in the sense of Art 246 ff. PGR . without profit.
Manage its 19 active members approximately 43 billion CHF (about 41 billion EURO ) in mutual funds and special funds (as of: February 2, 2015).
The Liechtenstein Investment Fund Association was founded as an interest group at the beginning of September 2000 by all fund management companies approved in Liechtenstein. The seat is in Vaduz , Principality of Liechtenstein .
Tasks, goals and strategy
The LAFV wants to promote the reputation of the industry at home and abroad as well as trust in collectively managed investments from Liechtenstein. The LAFV wants to position itself as an active discussion partner towards authorities, associations, politics, the media and the public.
The main tasks are:
- Promotion of the development of the Liechtenstein fund center,
- Representation of the interests of the Liechtenstein investment fund industry at home and abroad,
- Cooperation with the relevant authorities and
- Cooperation with the other professional associations, associations and the interest groups of the financial services sector in Liechtenstein in order to coordinate overarching interests and use synergies,
- Providing information for its members about innovations and changes,
- Maintaining morals and ethics in the fund area.
organization
The LAFV consists of 19 (2014: 21; 2013: 24) active members and 16 (2014: 15; 2013: 20) passive members (companies). Active members are fund management companies based in Liechtenstein, custodian banks as well as self-managed investment companies and representatives of foreign investment funds that are authorized for sale in Liechtenstein. Passive members are auditing companies of investment companies, lawyers , trustees and other natural or legal persons who are active in the broader area of the fund industry, as well as the employees of the fund companies listed above, provided they are reported to the association in writing.
The LAFV comprises 100% of the fund assets distributed in the Principality of Liechtenstein. The LAFV is financed by contributions from active and passive members.
General Assembly
The general assembly consists of the members of the LAFV. The ordinary general assembly takes place at least once a year. An extraordinary general assembly can be called by decision of the board or at the request of 25% of the active members. Resolutions of the General Assembly are passed by simple majority. Every active member has at least one vote. Each active member receives additional weighted votes depending on the fund assets they manage (as of December 31 of the previous year).
Passive members have no voting rights.
Board
The LAFV board of directors consists of at least three members who are elected by the general assembly for a period of three years. The members of the board must be employees or organs of an active member of the LAFV.
The board elects the president and his deputy from among its members. The term of office is usually three years.
The Liechtenstein Investment Fund Association is currently represented by a board of directors made up of the following people: Alexander Boss (President), Lars Inderwildi (Vice President), Natalie Epp, Jürg Mühlethaler and Erich Müller.
Office
The management runs the office. She works full-time. David Gamper is the managing director of LAFV.
statistics
Development of fund assets managed in Liechtenstein
| Fund type | currency | assets under management | proportion of | number | assets under management | proportion of | number |
|---|---|---|---|---|---|---|---|
| October 29, 2013 | October 12, 2014 | ||||||
| Equity funds | CHF | 8,463,710,288.00 | 22.46% | 186 | 9,404,854,870.00 | 25.32 | 170 |
| Alternative investments | CHF | 65,927,908.00 | 0.17% | 13 | 106,199,158.00 | 0.29 | 13 |
| Fund of funds | CHF | 1,197,352,387.00 | 3.18% | 63 | 1,220,468,881.00 | 3.29 | 54 |
| Fund of hedge funds | CHF | 568,177,810.00 | 1.51% | 14th | 599,543,390.00 | 1.61 | 13 |
| Money market funds | CHF | 6,168,059,360.00 | 16.37% | 12 | 4,610,250,401.00 | 12.41 | 11 |
| Mixed funds | CHF | 6,243,936,994.00 | 16.57% | 109 | 6,378,473,704.00 | 17.17 | 118 |
| Bond fund | CHF | 9,668,283,909.00 | 25.65% | 64 | 9,458,938,571.00 | 25.46 | 61 |
| Other AGmvK | CHF | 260,592,442.00 | 0.69% | 23 | 1,484,857.00 | 0.00 | 2 |
| Other funds | CHF | 3,965,744,534.00 | 10.52% | 223 | 4,316,795,019.00 | 11.62 | 238 |
| Strategy funds | CHF | 16,071,291.00 | 0.04% | 2 | 8,375,330.00 | 0.02 | 1 |
| Convertible bond funds | CHF | 1,068,702,200.00 | 2.84% | 12 | 1,041,104,013.00 | 2.80 | 13 |
| total | CHF | 37,686,559,123.00 | 100% | 721 | 37,146,488,194.00 | 100% | 694 |
Number of funds managed in Liechtenstein
| Development of the number of funds managed in Liechtenstein (in January of each year) | |||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5
|
14th
|
18th
|
50
|
87
|
123
|
151
|
214
|
254
|
342
|
353
|
329
|
436
|
536
|
584
|
675
|
715
|
745
|
707
|
690
|
||||||||||||||||||||
| 1996 | 1997 | 1998 | 1999 | 2000 | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | ||||||||||||||||||||
Web links
Individual evidence
- ↑ § 1 of the statutes.
- ↑ See strategy paper and Art 3 of the LAFV statutes.
- ↑ Queryed on February 2, 2015, October 12, 2014 and October 29, 2013. [1] , see also § 5 of the Articles of Association.
- ↑ § 14 of the statutes.
- ↑ Article 16 of the Articles of Association.
- ↑ Art 16, 18 of the Articles of Association.