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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 .
In 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 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 “ Especially 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
22 Global Custodian Summer 2018