Luxembourg regulator probes loan investments by Ucits
Lawyers say CSSF has already told a number of funds to prepare to sell their holdings
Loan investments by popular European retail funds have been put under the microscope by Luxembourg’s financial regulator, the CSSF, with some funds said to have been advised privately by the watchdog that they should prepare to sell their holdings.
Liquidity risk is one of the reasons for the regulator’s concern. Many undertakings for collective investment in transferable securities, or Ucits
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