With all the media hype directed at the Ucits III and Nurs structures, it is a good idea to look at what powers these new conversions will bring and how best to use them, says Gill Hutchison, investment research manager at Old Broad Street Research
Much has been written and spoken about Coll conversions and the new powers available to fund managers under the Ucits III and Nurs structures. But, in practice, what is this brave new world? How will it impact upon the products we recommend to our clients? It seemed a good idea to look in more detail at these new powers and how they are - or will be - used, with particular reference to multi-manager funds. First the dull bit. In this world of acronyms, it is worth recapping on what some of them stand for and give a brief background to the regulations. The original Undertakings for the Coll...
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