UCITS

Question 1

What is a USITS Fund?

Answer 1

Definition - An undertaking for collective investment in transferable securities

An EU level Fund, meaning it can be sold in different EU jurisdictions (UCITS fund in France will broadly be the same as a German UCITS Fund).

It is continually revised by directives.

Everyone sees the same thing when investing in the fund, the KIID (Key Investor Information Document)

Question 2

What section is relevant for UCITS & how safe is it?

Answer 2

COLL Ch 5. Very safe.

Question 3

What percentage of investments do not need to be approved? (more risky)

Answer 3

10%

Question 4

What percentage of investments can be invested in government and public securities?

Answer 4

up to 35%

Question 5

Can UCITS invest in unregulated collective investment schemes?

Answer 5

No

Question 6

Can a UCITS fund invest in property?

Answer 6

No

Question 7

What percentage of investment can be invested into another CIS (Collective investment scheme)?

Answer 7

20%