Glossary

Here you’ll find definitions of terms used on the AIC site. Enter the term you want to search for in the box, or click on the letter it begins with.

5 A B C D E F G H I J L M N O P Q R S T U V W Y Z

An open-ended fund in the form of a legal trust.

See also open-ended investment company.

Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS).

This is defined in the AIFM Directive as “an undertaking for collective investment in transferable securities authorised in accordance with Article 5 of” the UCITS Directive.