Undertaking for Collective Investment in Transferable Securities. A type of collective investment (or fund) that allows Financial institutions to operate freely throughout the European Union on the basis of a single authorisation from one member state.
A fund that can be marketed in all countries in the European Union. UCITS stands for 'Undertakings for Collective Investments in Transferable Securities'. Most, but not all, UK authorised funds are 'UCITS'.Found on http://www.henderson.com/sites/henderson/its/glossary.xhtml?letter=U
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