Understanding the rules is more important than the new vocabulary

There is a whole new vocabulary floating around the funds industry these days, making it sound as if...

There is a whole new vocabulary floating around the funds industry these days, making it sound as if life just got a lot more difficult for intermediaries. Ucits III, COLL funds, mixed portfolios, QISs and PIFs are all terms being used to describe what is being seen as the next generation of funds. All these rules and regulations are interesting as they represent the biggest changes in fund management since the Big Bang. Combined, they mean fund managers have a wider range of tools with which to construct funds and can access a broad spectrum of instruments to control volatility and add ...