Brexit: leading Asian fund firms to review Europe strategy

Britain’s exit from the European Union may raise the cost of distributing funds in the region, force foreign asset managers to rethink their European strategies and threaten the possibility of a Stock Connect between China and the UK. Investment funds can be passported between member states, allowing asset managers with operations in Britain to sell funds into the EU cheaply and efficiently. Ucits is the most common structure for funds within Europe. In the absence of these pass…