Following the changes in Ucits regulations, Brett Greatrex of Insight Investment explores the opportunities for product development in the EU
A now retired colleague of mine would often say to me "if you aim for the moon and miss, you may as well miss by a mile". I assume he meant that there are some things you just have to get right with no room for error. To an extent this is how I feel about the implementation of the Ucits (Undertaking for Collective Investment in Transferable Securities) Product Directive. After all, what is the point of liberalising the types of assets eligible to be held in a Ucits fund if we have no standardised interpretation and are consequently unable to successfully promote the emerging new product ide...
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