[ N E W S
A N A LY S I S
|
U C I T S ]
UCITS 30 years on
Much has changed in the funds industry since the introduction of UCITS 30 years ago.
Charles Gubert takes a look at the next set of challenges facing UCITS funds.
I
n 1988, Bruce Willis donned his
infamous white vest and battled it
out with bloodthirsty terrorists in a
high-rise Los Angeles skyscraper in “Die
Hard”, while Sylvester Stallone put on his
22
Global Custodian
Summer 2018
black vest for “Rambo III” and fought the
Soviet army in Afghanistan. The music
scene was somewhat tamer – at least in
the UK – where Cliff Richard’s “Mistletoe
and Wine” piqued Kylie Mingoue’s “Es-
pecially for You” to become the Christmas
number one hit.
March 1988 was also a monumental data
for the Luxembourg government, as it
transposed the first ever UCITS Directive