Beta packaging

Greater use of ETFs by fund of funds managers and those running multi-asset portfolios could well be the next stage in the ascent of ETFs. Regulatory changes have strengthened and will continue to bolster the case for ETFs within the fund of fund structure and multi-asset investing.  The Undertakings for Collective Investments in Transferable Securities (Ucits) III rules increased the maximum that a Ucits approved fund could hold in another fund from 5% to 20%. Another important regulatory development on the horizon is the Retail Distribution Review (RDR) in the UK, which will encourage ...