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

Definition:

The proposal of UCITS IV was approved by the European Parliament on January 13, 2009 and also by the Council of European Union, to be implemented in 2011. UCITS IV will bring further uniformity in collective investments throughout European Union.

Investing Essentials


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

Term of the Day

Negative convexity

A bond characteristic such that the price appreciation will be less than the price depreciation for a large change in yield of a given number of basis points. For example, a fixed-rate mortgage may... Read More

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