Ucits III Oeics: the funds you can see right through

When it comes to structured products, transparency is the name of the game with providers increasingly building in additional protective measures by packaging their funds as Ucits III Oeics, writes Martin Morris

If there was one positive to emerge out of the Lehman Brothers fiasco in September 2008, it was the realisation single counterparty risk was a very real problem and investors, whether they had lost money or not, needed to take note. Fast forward 18 months and the structured products industry – which did not emerge unscathed from the investment bank’s demise – has had a major house-cleaning exercise. Today, product transparency is the name of the game with providers increasingly building in additional protective measures by marketing their funds as Ucits III Oeics. While the Ucits III ...