Saturday August 20 2011
News Source: Fund Regulation
Focus: Other
Type: General
Country: European Union
Relevant Directive Rule
The criteria dealing with this issue are set out in Article 54(1)
Overview
Where you have greater than 35% in any one government and public security issuer, then you must have at least 6 different issues.
However, where you have a fund totally invested in government bond futures, then you have to look through to the underlying asset of each future to ensure compliance but in all cases the underlying asset is the same – the cheapest to deliver.
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