Weekly UCITS News (Friday)

Ireland’s Central Bank has confirmed that UCITS organized as self-managed investment companies (“SMICs”) will need to complete a UCITS IV enhancement process by 1 July 2013, wrote law firm Maples and Calder this week. For most SMICs this will involve updating business plans and statements of responsibility. »

Newedge announced this week that it had been appointed as swap counterparty to two new UCITS funds under the Nuveen Global Investors Fund plc umbrella. Both funds are Dublin-domiciled and UCITS-IV compliant. »

Newedge has been appointed as swap counterparty to two new Ucits funds under the Nuveen Global Investors Fund umbrella. »

Geneva-based Alix Capital, provider of the UCITS Alternative Index Global, is publishing a report that suggests ESMA proposals will impact EUR3billion of CTA UCITS assets »

ESMA proposals limiting the use of indices by Ucits funds will require a change in investment approach for EUR3bn of CTA Ucits assets, according to a paper published by Alix Capital, the Geneva-based investment boutique specialising in regulated alternatives investments. »

Alternative UCITS funds returned 0.32 per cent in November according to Geneva-based Alix Capital, provider of the UCITS Alternative Index Global. That takes YTD returns to 1.13 per cent. All but three strategies made positive gains last month. »

An institutional investor survey commissioned by Alceda has revealed that 73 per cent of investors do not feel that regulators are in tune with their requirements. The survey of 49 UK institutional investors was conducted by Kepler Partners LLP at the Global Macro UCITS Conference in London in October 2012. »

Institutional investors feel that regulators are not in tune with investor requirements, according to a survey commissioned by structuring specialist Alceda. »

FTSE Group has launched the FTSE Super Liquid Index Series (SLQ), a broad family of real-time free float market capitalisation weighted indices designed to mimic the characteristics of key FTSE indices via a smaller, highly liquid universe of stocks. »

Newscape Capital Group, the London based investment firm, has launched its third specialist Ucits fund. »