There should be a return of 'truecits', according to
Fidelity Worldwide Investment in its response to the European
Securities and Markets Authority's discussion paper into
The asset manager is one of the most prominent advocates for
splitting UCITS into complex and non-complex categories.
Fidelity is advocating that UCITS investment powers revert to
its original principle because the UCITS brand needs repairing
to gain a valuable foothold in Asia.
The asset manager has argued 'strongly for' UCITS being split
into complex and non-complex categories...