The Association of the Luxembourg Fund Industry (ALFI) represents the face and voice of the Luxembourg asset management and investment fund community. The association is committed to the development of the Luxembourg fund industry by striving to create new business opportunities, and through the exchange of information and knowledge. The association was set up in November 1988 to promote the development of the Luxembourg investment fund industry. Luxembourg is the largest fund domicile in Europe and the second-largest fund centre in the world behind the US. Its investment fund industry is a worldwide leader in cross-border fund distribution. Luxembourg-domiciled investment structures are distributed in more than 70 countries around the globe.