Levelling out the differences

offshore

The UK has made it hard for offshore funds to be distributed in the UK, but now some of the barriers have been removed and others are being challenged, helping to level out the playing field between onshore and offshore funds

In the UK fund universe there are approximately 2,000 funds totalling £347bn, however, an additional 3,000 offshore Ucits funds total £742bn, that could be made available to UK retail investors. A lot of progress has been made in the European funds' industry to establish the Undertakings for Collective Investments in Transferable Securities (Ucits) fund standard across Europe. In theory, a Ucits fund authorised in its home state should be able to be registered for sale in any other EU state without the burden of additional regulation imposed by the country into which it goes on sale. ...