Asia passports 'no threat to Ucits'

Jun 4, 2014

The Alfi chairman says Chinese investors remain inward-looking, while only Singapore in the other proposed passport schemes is a big Ucits market. Critical mass may be an issue.

The chairman of Luxembourg's fund industry association, Marc Saluzzi, has dismissed the threat of Asia's three proposed fund passport schemes to Ucits managers as overblown.

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