The Central Bank of Ireland (CBI) has identified and is investigating 182 UCITS funds it suspects of being "closet trackers", with the funds regulator already forcing boards to take action on the "transparency" of fund documentation.
Following a review of 2,550 Ireland-domiciled UCITS funds marketed as active products, the CBI found 182 met pan-European regulator ESMA's definition of a closet tracker. The CBI has already made investigations...
Private equity firm buys stock
Payments from listed companies hit $513.8bn in Q2
Case finds 'no misconduct' within Tinney's dealings
Reiterates 'buy' recommendation
Brexit risk putting investors off domestic stocks