UCITS need contingency plans for Eurogeddon, says report

Fri Jun 22, 2012

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UCITS managers need to have their contingency planning in place if the eurozone breaks up, according to DechertOnPoint, published by the big industry law firm Dechert.

UCITS funds are required to implement a documented risk management process that is designed to identify and manage material risks to which they are exposed in relation to the performance of the activity of collective portfolio management, the report by the law firm states.

It adds that there are direct and indirect risks to UCITS portfolio if the eurozone breaks up. They include:

Eurozone sovereign issuers: The most direct...

ISSN: 2151-1845 / CDC10004H

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