Ucits here to stay...for now
Market operator Multifonds sees no prospect of Ucits falling out of favour in Asia, unless Europe imposes a financial transaction tax.
There is much speculation in the world of fund management about how long it will be before the European financial authorities finally manage to kill their own fund management industry.
Just last week, the European Commission released 110 pages of draft, supplementing rules that will be used to enforce AIFMD, or the directive to oversee the continent’s alternatives industry. Within these rules are much ridiculed impositions such as making custodian banks liable for investment losse…
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