Ucits – the right shape for a fund?

Over the past two decades or so, Ucits has become the default fund format for cross-border funds. Since the UCITS IV directive opened up the alternative space for Ucits funds in 2009, the format has become even more ubiquitous. Its dominance has even gone as far that many fund selectors have narrowed down their selection universe to Ucits-only. But is this a sensible way to go?

Part of the Bonhill Group.