Asian asset managers forge ahead with Ucits launches

Europe's sovereign debt crisis and potential continental economic slowdown has not derailed Asian asset managers' plans to set up Ucits-compliant funds, says Luxembourg law firm Arendt & Medernach. “The crisis is coming [to Europe] and it doesn’t look like there’s going to be a solution quickly,” says Stéphane Karolczuk, head of the firm’s Hong Kong office. “But that hasn’t prevented asset managers from going ahead with their product launches.” Volatile market conditions led…