undertakings for collective investments in transferable securities means: An initiative of the European Union where UCITS is used to refer to a group Directives to establish a coherent legal framework for creation Management and marketing collective investment plans in EU and EEA Members States. The history of the United States is extensive, as is shown below. (in Stock Market Dictionary)
What else does undertakings for collective investments in transferable securities mean?
- Original UCITS Directive 85611EEC was adopted in 1985. Its purpose was to permit for Open-ended funds that invest in transferable securities must be subject to all regulations Member state UCITS I states that derivatives can only be used to hedge or build a portfolio. Management is the act of managing with the goal to reduce risk and cost or replicate an existing position. You can achieve this by investing in the asset. (in Stock Market Dictionary)