Expanding investor choice

As the framework for Ucits IV takes shape, Victoria Hartley looks at how this could bring a significant boost to cross-listed ETFs and increase the choices available for investors With the New Year came another step toward the goal of spurring greater volumes of cross-border fund sales. The European Commission voted to accept the Ucits IV Directive on 13 January and although implementation is still set for the far off point of July 2011, the framework is now in place. With Ucits IV, the European Commission's interest in creating a clear framework for fund management activity offe...