UK Funds Flashcards
1
Q
What different Funds can you get in the UK?
A
- UK UCITS
- NURS (Non-UCIT Investor Scheme)
- QIS (Qualified investor scheme)
- AIF’s
2
Q
What legal structures / forms can a UK UCITS take?
A
- AUT (Authorised unit trust)
- ICVC (Open-ended investment Company)
- ACS (Authorised contractual scheme)
3
Q
What legal structures / forms can a UK NURS take?
A
- AUT (Authorised unit trust)
- ICVC (Open-ended investment Company)
- ACS (Authorised contractual scheme)
4
Q
What legal structures / forms can a UK QIS take?
A
- AUT (Authorised unit trust)
- ICVC (Open-ended investment Company)
- ACS (Authorised contractual scheme)
5
Q
What legal structures / forms can a UK AIF take?
A
- Investment Trust
- limited partnership
- common investment fund
- Hedge fund
- Unauthorised Unit Trust
6
Q
What are the key features of a fund in the uk?
A
The risk must be spread when investing
The fund is open ended
The price of what i pay to get an interest or shares is linked to the value of the assets (NAV)
Access to professional management of my money
Regulations directives and rules governing how they are run and who can run them.
Tax features - never worse off investing in the fund than you would be directly in the asset.
7
Q
What asset classes can a fund invest into?
A
- Transferable securities (shares, bonds, ETNs (Debt notes)
- Collective investment schemes (other funds)
- Money market instruments
- cash and deposits
- commodities
- immovables (real property)
- derivatives (investment purposes, EPM)
