Cross-border fund selling comes closer

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Selling UK-domiciled funds to the rest of Europe moved one step closer last week after the French in...

Selling UK-domiciled funds to the rest of Europe moved one step closer last week after the French introduced draft proposals on a master feeder structure to the European parliament. Last week, the European parliament, which is looking at the Ucits directives, tabled the draft on a structure that would allow a master fund to be set up in one country. Groups could then set up funds in individual countries throughout Europe, which would invest 100% in that master fund. Effectively this would be the same as having a UK fund that can be sold and marketed through Europe. At the moment a group w...

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