Airing views on Ucits III

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Ucits III has brought in greater investment freedoms for funds but not all funds will make use of these as they choose to adopt a more traditional investment strategy

A variety of commentators have aired their views about the benefits and risks associated with Ucits III over the last four years. Since Ucits III was adopted in the UK in late 2002, some have argued that fund managers are permitted so much flexibility that they risk launching funds without the capability to manage them correctly, while others worry that fund managers are not taking advantage of the Ucits III capabilities, to the detriment of their investors. It is not easy to understand the debates surrounding Ucits III without first reminding ourselves what Ucits III does and does not all...