Managers call for expansion of Ucits investor base

Fund managers have called for a review of rules governing how direct lending and other illiquid credit vehicles can be marketed to Ucits investors. Such reforms would open up European infrastructure and other credit opportunities to Asia investors via the Ucits fund structure. However, regulators have been warned not to widen the investor base too fast, amid concern over putting complex illiquid products in a retail structure. Demands for change were made at a conference last …