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{{anat|UCITS}} | {{anat|UCITS}} | ||
<small>''Not to be confused with {{tag|AIF}}s:Compare and contrast '''[[alternative investment fund]]s''' regulated under {{tag|AIFMD}}, which are professionals-only funds ([[hedge fund]]s etc). The regulations are in some ways converging, but there are still a lot of differences in the types of risks that an [[AIF]] can take compared to a {{tag|UCITS}}. See also: [[Depositary comparison under AIFMD and UCITS]]'' </small> | |||
{{tag|UCITS}} - or "'''[[undertakings for the collective investment in transferable securities]]'''" - are regulated European investment funds, generally aimed at '''retail''' investors. | {{tag|UCITS}} - or "'''[[undertakings for the collective investment in transferable securities]]'''" - are regulated European investment funds, generally aimed at '''retail''' investors. |