Lehman-linked losses impacts cross-border collectives, says Efama

Losses on Lehman-linked minibonds and structured notes triggered a crisis of confidence among Asian investors, primarily benefiting cash reserves investments, while worsening economic crisis in advanced economies led to a sharp deterioration in Asian growth prospects, according to a study by the European fund association Efama on the global penetration of cross-border collective investment trust, Ucits. The study, conducted among 22 fund groups with combined assets of €472bn invested in Ucits, f