How do UCITS investment funds work?

European directives

UCITS IV

Luxembourg’s legislation and regulation

UCITS funds and tax

Luxembourg’s fund industry

What is an investment fund?

FCP v. SICAV

Accumulation v. distribution

Umbrella funds

How a fund price is determined

Understanding costs and fees

Understanding fund information

• Key Investor Information Document

• Fund prospectus

• Annual report

• Marketing documents

How to buy and sell fund units or shares

Distribution, sales and marketing

Portfolio and risk management

Administration

Oversight and regulation

Industry organisations

Money market funds

Bond funds

Equity funds

Balanced (mixed) funds

Exchange-traded funds (ETF)

Lifecycle funds

Maturity funds

Guaranteed funds and capital protection funds

Fund of funds

Asset allocation funds

Derivatives

Unit linked life insurance

Unit linked pension products