Are alternative UCITS suitable for retail investors?
Wed Mar 23, 2011
This was one of the questions posed to the alternative UCITS
panel at the Association of the Luxembourg Fund Industry spring
Markets in Financial Instruments Directive II legislation,
currently being discussed by regulators, may result in
alternative UCITS funds being divided into complex and
Eric Personne from Merrill Lynch Investment Services
Alex McKenna, head of fund structuring for London-based
Deutsche Bank, told the audience that alternative UCITS are
suitable for retail investors.
He added: Retail investors need to understand what they
are buying. If you look at the retail market when looking at
the appropriateness for an alternative UCITS it is going to be
appropriate for the more sophisticated end of the retail market
investors able to receive investment advice which
will allow them to make a decision based on their
For me this is about the risk of mis-selling and as
ISSN: 2151-1845 / CDC10004H
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