UCITS and UCIS Flashcards
1
Q
What does UCITS stand for?
A
Undertaking for Collective Investments in Transferrable Securities
2
Q
What does UCIS stand for?
A
Unregulated Collective Investment Scheme
3
Q
List 4 Open Ended fund structures
A
Unit Trust UCITS Exchange Traded Fund Non - UCITS Investment Bond
4
Q
State five types of investors who may be suitable for UCIS
A
Existing Holders Certified High Net Worth Investors Self Certified Sophisticated Investors Certified Sophisticated Investors Enterprise and Charitable Eligible employees of the fund Professional Client / Non retail
5
Q
What is the regulation on UCITS and CIS?
A
UCITS = Regulated & Authorized
CITS = Unregulated
6
Q
What product is for retail distribution and which product is not?
A
Retail = UCITS
Non Retail = CITS
7
Q
Aside from regulation, why would UCITS be consider lowered risk than CITS?
A
More Diversification
Borrowing Limits
Better Transparency
Compensation
