Industry veteran counters Alfi view on Ucits

Jan 21, 2015

Stewart Aldcroft of Citi says Ucits funds will not be allowed to participate in Hong Kong-China mutual recognition in the next few years, despite a Luxembourg lobbyist's argument to the contrary.

Industry veteran counters Alfi view on Ucits

It is highly unlikely that the Ucits fund structure will be recognised under upcoming Hong Kong-China mutual recognition in the medium term, said an Asia-based funds industry veteran. His comment follow suggestions to the contrary made last week by a European lobbying group.

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