Although funds of UCITS funds have so far failed to live up to
expectations, confidence in the continued growth of the broader
UCITS movement appears to be strong.
BNP Paribas Securities Services
In a recent survey of investor attitudes, Alix Capital found
that 69% of its survey respondents planned to increase their
UCITS allocation, with 20% remaining neutral and only 11% not
intending to invest in UCITS.
Granted, this survey was undertaken before the third quarter
of 2011, which played merry havoc with hedge fund performance
across the board. But another survey, published by Deutsche
Bank, shows how strongly investor demand for UCITS-compliant
funds has evolved even in the past 12 months.
In Deutsche's 2010 UCITS III Absolute Return Investment
survey, 32.9% of respondents said they would rather invest in a
UCITS fund than in a Cayman version of the same fund. By 2011,