The US view: Absolute return UCITS gain their stars and stripes

Thu Jun 2, 2011

The US has the largest fund industry in the world. Joy Dunbar, editor of Absolute UCITS, speaks to US-based players about the development of absolute return UCITS.

UCITS are already one of the greatest financial exports of all time. The wrapper has gained acceptance outside the European area where the legislation hails from and has gained acceptance from investors in Asia, Latin America and beyond.

But US-based retail investors are still unable to invest in the structure and institutional investors only have access to funds using the structure via a private placement regime.

The US has not been left out completely from the UCITS equation, with North American asset managers launching funds using the wrapper with the aim of capturing a diversified investor base outside their home territory.

Prior to 2010 many US-based asset managers were not interested in UCITS. But there has been increased activity from US-based hedge fund and other asset managers launching absolute return UCITS in the past six months. 

More absolute return UCITS funds hailing from the US are expected to launch by...

ISSN: 2151-1845 / CDC10004H

Free Trial

Take a trial today and access

  • Performance news, fund launches, regulation changes and people moves
  • Profiles of fund managers, investors and distributors
  • Live league tables
  • Investor mandates

Popular Searches on HFI