Funds Industry
NON-UCITS
In addition to UCITS funds which may invest primarily in transferable securities, funds which invest in a wider variety of assets may also be established on one of three legal forms:
- A unit trust authorised under the Unit Trust Act 1990;
- An investment company registered as a public limited company under Part XIII of the Companies Act 1990;
- An investment limited partnership authorised under the Investment Limited Partnership Act 1994.
These fund vehicles were established on Irish books in recognition of the fact that there is an appetite in the investment community for product with broader investment policies than those that can be accommodated within the UCITS criteria.