Ucits may become superfluous, say CEOs
The region’s three proposed passport schemes, particularly HK-China, will likely render Ucits irrelevant in some markets, AsianInvestor’s Art of Asset Management forum hears.
Asian CEOs have questioned the future of Ucits in the region in the face of proposed fund passport schemes, saying its days are numbered and will likely become irrelevant in some markets.
Speaking during a roundtable debate at AsianInvestor’s annual Art of Asset Management conference in Hong Kong yesterday, they acknowledged that Ucits had been successful notably in Hong Kong, Singapore and Taiwan.
“When first launched they filled a void of giving people [in Asia] access to mark…
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