LLB Invest KAG ranks first on the Austrian investment fund market

Vienna, 9 November 2020. For the first time, LLB Invest Kapitalanlagegesellschaft m.b.H. has ranked first on the Austrian investment fund market based on the number of funds managed, according to the current statistic of the Association of Austrian Investment Companies (Vereinigung Österreichischer Investmentgesellschaften, VÖIG).

LLB Invest Kapitalanlagegesellschaft m.b.H, subsidiary of Liechtensteinische Landesbank (Österreich) AG, has seen another good year. With 276 out of a total of 1,950 funds managed in Austria, in September 2020 LLB Invest KAG finally reached the top of the VÖIG statistic based on the number of funds managed by Austrian capital investment companies.

Mr Harald Friedrich, deputy chairman of the Executive Board of Liechtensteinische Landesbank (Österreich) AG, on this milestone: “For a capital investment company focusing on the provision of services to external fund managers, this ranking is another sign of trust and an appreciation of the quality of our advisory and management services. More than 80 national and international asset managers, banks and family offices chose us as a reliable partner for their funds. This great ranking would never have been possible without our extraordinary team of experts who have been able to gain our clients’ trust thanks to their extensive experience and the continuity in service provision.”

LLB Invest KAG offers comprehensive bespoke solutions for publicly offered funds, large-investor funds as well as private-label funds. Furthermore, as a ‘funds powerhouse’ in its three home markets - Liechtenstein, Austria and Switzerland - LLB Group unites four fund management divisions with a total of 670 funds and a total volume of EUR 32 billion under its roof. Together with the respective custodian banks, LLB Group is thus able to cover the entire service range in the field of fund management and fund administration up to providing tailored solutions for private-label funds. “This cross-border competence is a significant competitive advantage and it is our declared goal to further expand the position of LLB Österreich and LLB Invest KAG as Austria’s leading fund provider and partner for external managers,” stresses Friedrich.