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Alternative Market Briefing

UCITS or nothing: $700bn net new business for alternative UCITS expected

Friday, August 04, 2017

Komfie Manalo, Opalesque Asia:

The explosive growth of the UCITS space or the Undertakings for Collective Investment in Transferable Securities is not predicted to slow down. In certain regions, it is now essentially "UCITS or nothing", said Dr Toby Goodworth, head of Diversifying Strategies at investment consultancy firm bfinance during the latest Opalesque 2017 UK Roundtable.

Goodworth said, "In other regions there may be a preference for UCITS versus offshore, and in some it's offshore as usual. What has changed over time is that many investors are looking at UCITS right away rather than looking offshore and then moving to UCITS. If I look at the number of mandates for UCITS versus offshore searches we have conducted, UCITS is dominating at the moment."

Indeed the UCITS have grown exponentially over the past few years. Overall, at the end of June 2016, UCITS funds represented approximately $9 trillion of assets with 34,000 UCITS funds.

$700bn net new business for alternative UCITS expected

Depending on the database you are using, there are roughly between 800 and 1,200 funds with assets estimated between $300-400 billion in the subset of alternative UCITS, which only equates to approximately 3% of total assets, added Andrew Dreaneen, head of Liquid Alternatives at Schroders......................

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