The association that represents the asset management
industry in Europe has proposed splitting the fund universe
into six different categories including Absolute Return
Innovative Strategies or ARIS funds.
The European Fund and Asset Management Association has
published a 40-page report which presents a complete set of
categories to facilitate the use of the European Fund
Classification by all industry stakeholders.
It states: "UCITS are now recognised worldwide as highly
regulated and transparent investment products, ideally...