Dimensions
152 x 226 x 13mm
Hugely popular due to their strong regulatory frameworks and low volatility, UCITS compliant investment strategies have seen a boom in recent years and are seen my many as the only safe investment option post financial crisis. However there is little or no literature to guide investors through the intricacies of investing in UCITS funds, until now.
This book will is a one-stop resource for investors everywhere who want to get the best out of their UCITS investments. There is a large and increasing range of UCITS compliant funds out there, but despite their tighter regulation and frameworks, investors still need to understand exactly what risks they are undertaking, how the models work and their differences and similarities to mutual funds and hedge funds. The book begins with an examination of the financial crisis from the perspective of hedge funds and funds of funds. Then it introduces the UCITS framework and shows readers how these strategies present a valuable and attractive alternative to regular hedge funds and FOHF’s. It describes the regulatory framework in detail, addresses the different business models being used by asset managers, and looks at current hedge fund strategies such as convertible arbitrage or relative value, and at how these can be integrated into the framework. The book also describes in detail the UCITS industry, discussing the performances, the fee structure, the liquidity and the key theme of “replicability” studying the tracking error volatility of the UCITS fund in comparison with their offshore versions. A discussion of the effectiveness of the regulation and its potential developments concludes the book.
