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Article: "European regulatory initiative has evolved into 'global passport' for U.S. fund managers": Report.
- Article from:
- PR Newswire
- Article date:
- September 8, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Survey reveals how 'UCITS' has translated into global business opportunities for fund managers with innovative products and strong performance
LONDON, England, Sept. 8 /PRNewswire/ -- A report released today indicates that the European regulatory initiative known as 'UCITS' has evolved into a global passport, enabling American fund managers to achieve rapid, worldwide growth in a cost-effective manner.
The report, titled, "Global Fund Distribution - Bridging New Frontiers", shows that fund managers who have taken advantage of UCITS have benefited from rapid product development, larger client bases and operating leverage. The survey of 110 fund ...