Politics & Regulation

Asset managers do not want UCITS to be split, report states


Most asset managers do not want UCITS to be split into complex and non-complex categories, according to a new report by consultants KPMG.

The 28-page report, The Perfect UCITS, which has surveyed 23 UCITS investment managers, states that more than 80% of respondents do not want the split currently proposed in the MiFID (Markets in Financial Instruments Directive) II and any other sub-branding is viewed less favourably.

The report states: “Since the dawn of UCITS III and the Eligible Assets Directive there has been convergence between traditional and alternative strategies in UCITS.

“Product complexity has increased and has been accompanied