EFAMA tames Newcits within the UCITS brand

This time around it’s Newcits, a type of UCITS that uses derivatives and sophisticated investment strategies. But the European Fund and Asset Management Association (EFAMA) has put out a statement seeking to drop the name and so protect what it calls the “integrity of the UCITS brand worldwide.” The EFAMA says its research proves that Newcits are neither new products nor a new category of funds, rather they could be more accurately described as UCITS aiming actively to manage the risk-return trade-off.  What’s more, the EFAMA points out this type of product is subject to and is managed i...