What Chile’s ban on Irish Ucits means for funds

Author: | Published: 7 Sep 2011

The Chilean pensions regulator has disapproved general investment into Irish domiciled Ucits funds, following the country’s sovereign downgrade to junk status.

But lawyers don’t expect other countries to follow suit, and believe regulators draw the distinction between a country’s debt rating and the state of its fund industry.

“I really don’t think a country’s sovereign credit rating would have an impact on a...