The Funds are open-ended and daily traded funds and are established under the UCITS framework. UCITS (Undertakings for Collective Investments in Transferable Securities) is a globally leading regulatory framework.The UCITS framework allows investment in a wide variety of asset classes. However, funds need to be suitably diversified with respect to individual constituents and asset classes.
UCITS is increasingly recognized worldwide as the mark of a stable and well regulated investment product. UCITS is a framework that is used by both traditional long-only managers as well as absolute return managers. The UCITS framework is established in Europe and gaining market share outside the EU.