Undertakings for Collective Investments in Transferable Securities II (UCITS II)

Definition:

UCITS II Directive was drafted in early 1990s to amend the 1985 Directives to more successfully harmonize laws throughout Europe. However, Council of Ministers could not reach a common position and UCITS II was abandoned.

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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

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Pro forma Earnings

Often used in two ways. First, pro forma earnings refers to projections of earnings. This is often used internally or on a road show for an IPO. Second, it refers to a way of reporting earnings that... Read More

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