ALFI has indicated that with 3,506.2 billion EUR of assets under management as of 31 December 2015, Luxembourg has retained its position as the leading investment fund domicile in Europe, growing by 13.29% last year. The number of investment funds stood at 3,878 or 14,108 if sub-funds are counted separately. As at the end of November 2015, Luxembourg accounted for 42.43% of all net sales in Europe.