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by loeg
1721 days ago
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Somewhat more true of Luxembourg than of Switzerland. > Luxembourg remains a financial powerhouse – the financial sector accounts for more than 35% of GDP - because of the exponential growth of the investment fund sector through the launch and development of cross-border funds (UCITS) in the 1990s. Luxembourg is the world’s second-largest investment fund asset domicile, after the US, with $4 trillion of assets in custody in financial institutions. https://www.cia.gov/the-world-factbook/countries/luxembourg/... (2020) |
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Why is it that nice places to live have such horrible weather?