UCITS is one of the best known of global investment brands. Its reach has captured many investors on the shores of the Middle East, Latin America and Asia as well as within the European region itself.
The European Commission launched an in-depth consultation on UCITS funds just days after the launch of the UCITS V proposals were published.
However, how does the Asian asset management industry view Product Rules, Liquidity Management, Depositary, Money Market Funds, Long-term Investments – which has unofficially been dubbed UCITS VI?
The speed of new UCITS directives
Lawrence Au, head of Asia Pacific for Hong Kong-based BNP Paribas Securities Services, says so far there has not been much discussion about UCITS VI and fund managers in Asia have just implemented UCITS IV.
He explains: “UCITS V has just been opened and then the consultation into so-called UCITS VI has just opened.
“A lot of people in the...