Northern Trust says its Ucits platform will appeal to Asian managers

Use of Europe's Ucits structure seems to be gathering pace, despite concerns that it could harm fund returns. US financial services group Northern Trust last week launched a Ucits cross-border vehicle through which asset managers can offer funds to institutions. And the Chicago-based firm believes its platform -- the Dublin-domiciled Northern Trust Common Contractual Fund (CCF) -- will attract demand from Asia-based fund managers looking to distribute products in Europe or indeed else…