Ucits’ future in Asia questioned

asia markets

Funds industry practitioners are casting doubt over hopes that the Undertakings for Collective Investment in Transferable Securities (Ucits) as a brand will continue to succeed in the Asian funds market.

Keith Hale, executive vice-president, client and business development, at Luxembourg-based fund software provider Multifonds, is one who thinks the future of Ucits and cross-border funds in Asia is less optimistic than some Europeans might think.

“If the financial transaction tax in its current gu

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