Politics & Regulation Retail Investors

EFAMA proposes categorisation for alternative UCITS

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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 suited for retail investors.

“Every effort that can be made to reinforce this core benefit will further strengthen the industry in its positioning within