Non-Ucits funds of funds (Fof) that invest in a combination of old-style Ucits funds and new Ucits I...
Non-Ucits funds of funds (Fof) that invest in a combination of old-style Ucits funds and new Ucits III funds will not lose their Pep and Isa status for doing so, following discussions between the IMA, FSA and Inland Revenue. This resolves the issue of Fofs not being able to hold some of the biggest fund manager names, who are set to, or already have, converted their fund ranges to the new Ucits III model.
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