How do UCITS investment funds work?

Understanding UCITS
- European directives
- Luxembourg’s legislation and regulation
- UCITS funds and tax
- Luxembourg’s fund industry

Characteristics of an investment fund
- What is an investment fund?
- FCP v. SICAV
- Accumulation v. distribution
- Umbrella funds
- How a fund price is determined
- Understanding fund fees
- Understanding fund information
  - Fund prospectus
  - Annual report
  - Marketing material
- How to buy and sell fund units or shares
Roles and responsibilities
- Distribution, sales and marketing
- Asset and risk management
- Administration
- Oversight and regulation
- Industry organisations
Different types of UCITS fund
- Money market funds
- Bond funds
- Equity funds
- Balanced funds
- Exchange-traded funds
- Lifecycle funds
- Maturity funds
- Guaranteed funds
- Fund of funds
- Asset allocation funds
UCITS funds and investment techniques
- Derivatives
Financial products using UCITS funds
- Insurance products (unit-linked)
- Pension products (unit linked)