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UCITS on the rise

Date: Thursday, January 3, 2013
Author: Ahila Karan, ProHedge.co.uk

According to EFAMA figures, net inflows into UCITS rose to €41bn in October, up from September’s net €10bn outflow. This growth lies in bond funds, in particular, rising from €9bn to €25bn. 

Bernard Delbecque, Director of Economics and Research at EFAMA, attributes this growth to reduced uncertainty, further adding, “an environment of gloomy growth prospects and subdued inflation, supported the net sales of bond funds in October”.

Elsewhere, Pimco launched a Dublin-domiciled UCITS fund, and Newedge partnered with two new UCITS funds under Nuween Global Investors Funds Plc.

The move by Nuween towards “UCITS is further validation of the important role regulated onshore investment products now play in the alternative investment community”, explains Andrew Dollery, Director at Newedge.

Consolidated guidelines on ETFS and UCITS “will enter into force two months after the publication of the translations”, according to a statement issued by ESMA. National authorities of the EU member states are expected to decide in the next two months whether they will follow the guidelines, reported Securities Lending Times.