Undertaking for collective investments in transferable securities

(UCITS).

Generic term for any open-ended collective investment scheme involving investments in assets that are available under the form of transferable securities, for example, FCPs, OEICs, SICAVs and unit trusts.

See also

• Fonds Commun de Placement (FCP)
• Open-ended investment company (OEIC)
• Société d’Investissement à Capital Variable (SICAV)