| Briefing - Asset Management and Investment Funds Group (UCITS and Non-UCITS), Spring 2009 |
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| There are two broad categories of mutual funds in Ireland. The first category comprises undertakings for collective investment transferable securities (“UCITS”). These are funds established under the regulations implementing the European Union’s (“EU”) UCITS Directives and can take one of three forms; unit trusts, investment companies with variable capital and common contractual funds. |
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