UCITS IV

New rules for open- and closed-ended funds

Lawrence Gosling, founding editor of Investment Week, looks at what impact regulation - driven by the RDR - is going to have on the fund management industry.

Research and investment house GaveKal Investments has launched a new fund for sophisticated investors that targets capital growth by moving long and short of equity market indices.

Mirabaud Asset Management has launched a high yield bond product for its latest recruit Andrew Lake, who joined the group from Aviva Investors at the start of the year.

Fidelity is launching a short-duration version of bond manager Ian Spreadbury's £3.3bn MoneyBuilder Income fund.

The European Commission is consulting on potential changes to the UCITS framework with improvements to the regulation of money market funds, short-termism and harmonising the investment industry's approach to fund redemptions among the items on the agenda....

Now some of you may call me a hypocrite when you read what I am about to propose. The industry has long been saying that there is regulatory overload in the fund management world.

Fund launches reached a decade low last year as groups held back new products in the face of market volatility.