U is for Ucits IV

  • Story by: Stephen Wilmot
  • Magazine: InvestmentAdviser
  • Published Monday , September 15, 2008

Ucits, pronounced "you-sits", is not a sexy-sounding brand. Ucits IV – sadly reminiscent of flagging movie franchises, despite that ennobling Roman numeral – is less compelling still.

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Standing for Undertakings for Collective Investments in Transferable Securities, Ucits is somewhat different from the other ugly acronyms of the asset management business, Oeic and Sicav.

It represents not just a legal structure for collective investment, but a 20-year-old project for European integration and modernisation.

To read the rest of this Investors' Alphabet blog click here.

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