UCITS

UCITS — the European Union’s regulatory standard for retail investment funds. For a Filipino investor the acronym is shorthand for its most useful species: Ireland-domiciled index ETFs (VWRA, CSPX, IWDA) that suffer only 15% US dividend withholding inside the fund, sit outside US estate-tax reach, and offer accumulating share classes. The practitioner default for global growth money from the very first purchase.

First used in: 1.6 · Cross-border plumbing