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


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.

Investing Essentials

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

Term of the Day

Distressed securities

A security of a firm that has declared or is about to declare bankruptcy. In the context of hedge funds, a style of management that focuses on securities of companies that have declared bankruptcy... Read More

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