Luxembourg Leads Europe's Eltif Investment Fund Market
Luxembourg hosts more than half of Europe's registered long-term investment funds, while data and cost hurdles limit retail access.
Updated on Nov. 3, 2026 in Investing
Luxembourg-based Eltif vehicles numbered 140 at the end of 2025, accounting for 54.26% of the 258 Eltifs registered in Europe. France had 73 registered Eltifs and Ireland had 22, according to the extraction.
Why it matters
Eltif 2.0, in force since January 2024, removed the €10,000 minimum threshold for certain retail investors and broadened permitted investments. An FE Fundinfo survey conducted from 25 March to 7 April 2026 found that data integration and operational costs remain obstacles to wider uptake.
Luxembourg's 140 registered Eltifs represent 54.26% of the 258 registered across Europe, ahead of France's 73 and Ireland's 22. Only 16% of asset managers and 20% of wealth managers describe their data as properly connected or fully integrated, and operational costs are cited as the main obstacle by 27% and 28% respectively.
The players
FE Fundinfo
A financial data and fund information provider that conducted the survey of asset and wealth managers on Eltif distribution and data readiness.
The details
Eltif 2.0 broadened the scope of permitted investments, relaxed several portfolio rules and allows fund managers to arrange certain redemption options before a fund's maturity. The FE Fundinfo survey covered 128 asset management executives and 72 wealth managers.
Timeline
January 2024: Eltif 2.0 reform came into force.
25 March to 7 April 2026: FE Fundinfo survey fieldwork conducted.
End of 2025: Luxembourg had 140 Eltif vehicles registered.
Market Landscape
Eltif 2.0, in force since January 2024, lowered the barrier for retail investors by removing the €10,000 minimum threshold for certain investors. Distribution across Europe has since scaled faster than the data infrastructure needed to support it.
Retail investors may gain access to Eltif products as the minimum threshold has been removed for certain investors. Operational costs and data gaps reported by managers could affect which products are offered and at what price.
The takeaway
Investors considering long-term funds should check how a product's data reporting and operating costs affect access before committing capital.
Further reading
Explore more on Investing strategies and fund structures across Europe.
