Malta is attempting to establish itself as a cost competitive alternative to Luxembourg and Ireland. Joy Dunbar, editor of Absolute UCITS, looks at one of the newer financial centres in the European Union.
Ireland and Luxembourg currently dominate the world of alternative UCITS domiciles – certainly by numbers of funds.
Together, the two leading domiciles accounted for a combined total of 336 funds out of a total of 479 trading, according to the Absolute UCITS asset survey at 31 December 2011.
Malta, an island in the middle of the Mediterranean Sea and one of the smallest countries in the European Union, is attempting to establish itself and compete with the hegemony of other fund domiciles.
Kenneth Farrugia: FinanceMalta,
Bryan Garnier Asset Management is going through the process of setting