This was one of the questions posed to the alternative UCITS panel at the Association of the Luxembourg Fund Industry spring conference.
Markets in Financial Instruments Directive II legislation, currently being discussed by regulators, may result in alternative UCITS funds being divided into complex and non-complex categories.
Eric Personne from Merrill Lynch Investment Services
Alex McKenna, head of fund structuring for London-based Deutsche Bank, told the audience that alternative UCITS are suitable for retail investors.
He added: Retail investors need to understand what they are buying. If you look at the retail market