Undertakings for Collective Investment in Transferable Securities (UCITS) Management Companies
Undertakings for Collective Investment in Transferable Securities (UCITS) are financial institutions that collect savings from economic actors and issue stocks or shares. The savings thus collected are used to set up securities portfolios.
UCITS also use the savings they collect to provide financing for businesses, thereby participating in the development of their national economies.
UCITS management companies exclusively manage mutual investment funds and open-ended investment funds (SICAVs).
Two types of UCITS have been authorized on the Regional Financial Market:
- open-ended investment funds (SICAVs), and
- mutual investment funds.