Article: UCITS Sophisticated Funds - Taking Advantage Of Complex Mechanisms.(Undertakings for Collective Investments In Transferable Securities)

Sophisticated funds and UCITS III

Sophisticated funds - that's the name for Undertakings for Collective Investments In Transferable Securities (UCITS) which invest directly in Financial Derivative Instruments (FDIs) or use sophisticated investment strategies. UCITS originates from the 85/611 Directive of the European Union.

Whilst the investment fund industry is bracing up for the UCITS IV package and for new regulations on the alternative investments fund managers there are still unturned stones regarding the UCITS III framework.

The 2001 Product Directive made FDIs eligible investments by UCITS and enabled portfolio managers to access ...

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