•  
• Tweet
•  
•        Print
•  
•         Track Keywords
•  
• 

By Beverly Chandler, Opalesque London:

The Maltese Financial Services Authority has detailed the effects that the UCITS IV legislation may have on funds based in Malta but distributed outside of Europe in their latest newsletter.

The Authority explains that UCITS authorised funds in Malta come with a European passport and may be marketed to the general public across the European Union. However, their distribution base can be considerably broader than that as UCITS have developed into a global brand, popular with not only retail investors in Europe but also institutions and investors across the global who believe them to be a robust, reliable and well-regulated product. The report says: "Their real strength in fact lies in their potential as a vehicle for large scale distribution not just within the EU - where they provide direct access to the retail investor - but wider afield, on the back of the brand value that they have managed to garner over the years."

Malta has been enjoying a boom in interest in local service provision for all types of funds. "The number of domiciled funds that are managed in Malta last year increased from 22% to 44%, while the number of Maltese funds administered locally increased from 47% to 78%."

The Maltese Authority believes that as UCITS funds become more of a pan-European product, the ability to leverage on service and distribution channels that may be sourced across the EU rather than just those available in the Member State of......................

To view our full article Click here