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UCITS: Difference between revisions
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UCITS - or "[[undertakings for the collective investment in transferable securities]]" - are regulated European investment funds, generally aimed at retail investors. {{tag|UCITS}} funds must meet strict criteria as to how they are set up, managed and marketed, and as to the portfolio of asset a {{tag|UCITS}} fund is allowed to invest in: There are concentration limits and other criteria which ensure diversity of risk; assets must be liquid, there should be very limited use of [[leverage]] and the fund must ensure it has diverse exposure to trading counterparties, banks and so on. | UCITS - or "[[undertakings for the collective investment in transferable securities]]" - are regulated European investment funds, generally aimed at '''retail''' investors. Compare and contrast an [[alternative investment fund]] regulated under {{tag|AIFMD}}. | ||
{{tag|UCITS}} funds must meet strict criteria as to how they are set up, managed and marketed, and as to the portfolio of asset a {{tag|UCITS}} fund is allowed to invest in: There are concentration limits and other criteria which ensure diversity of risk; assets must be liquid, there should be very limited use of [[leverage]] and the fund must ensure it has diverse exposure to trading counterparties, banks and so on. | |||
The most recent UCITS legislation is {{tag|UCITS V}}, ({{eudirective|2014|91|EU}}). | The most recent UCITS legislation is {{tag|UCITS V}}, ({{eudirective|2014|91|EU}}). | ||